XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Oil and gas revenues $ 344,706 $ 286,952 $ 1,030,735 $ 770,445
Well services and midstream revenues 23,953 18,546 59,821 37,939
Total revenues 368,659 305,498 1,090,556 808,384
Expenses        
Lease operating expenses 44,361 21,831 124,903 59,586
Well services and midstream operating expenses 14,922 10,319 34,611 19,877
Marketing, transportation and gathering expenses 7,306 5,688 19,606 19,856
Production taxes 34,584 26,823 100,880 70,309
Depreciation, depletion and amortization 106,972 72,728 295,520 205,779
Exploration expenses 1,100 463 1,955 2,712
Impairment of oil and gas properties 1,439 56 2,243 762
General and administrative expenses 23,915 16,728 68,186 47,238
Total expenses 234,599 154,636 647,904 426,119
Gain on sale of properties 43 0 187,076 0
Operating income (loss) 134,103 150,862 629,728 382,265
Other income (expense)        
Net gain (loss) on derivative instruments 103,426 (39,817) 20,253 (41,838)
Interest expense, net of capitalized interest (39,420) (22,854) (118,568) (65,429)
Other income (expense) (38) 23 250 1,097
Total other income (expense) 63,968 (62,648) (98,065) (106,170)
Income before income taxes 198,071 88,214 531,663 276,095
Income tax expense 76,484 33,715 201,290 102,626
Net income $ 121,587 $ 54,499 $ 330,373 $ 173,469
Earnings per share:        
Basic (in dollars per share) $ 1.22 $ 0.59 $ 3.32 $ 1.88
Diluted (in dollars per share) $ 1.21 $ 0.59 $ 3.29 $ 1.87
Weighted average shares outstanding:        
Basic (in shares) 99,715 92,449 99,647 92,408
Diluted (in shares) 100,306 92,836 100,356 92,838