Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Oil and condensate sales $ 64,004,000 $ 45,196,000
Gas sales 613,000 720,000
Natural gas liquids sales 806,000 659,000
Other income 38,000 63,000
Total revenues 65,461,000 46,638,000
Costs and expenses:    
Lease operating expenses 5,849,000 4,653,000
Production taxes 7,769,000 5,507,000
Depreciation, depletion, and amortization 21,395,000 12,158,000
General and administrative 3,009,000 2,056,000
Accretion expense 176,000 159,000
Total costs and expenses 38,198,000 24,533,000
INCOME FROM OPERATIONS: 27,263,000 22,105,000
OTHER (INCOME) EXPENSE:    
Interest expense 153,000 653,000
Interest income (27,000) (38,000)
Loss from equity method investments 268,000 316,000
Total other (income) expense 394,000 931,000
INCOME BEFORE INCOME TAXES 26,869,000 21,174,000
INCOME TAX EXPENSE:      
NET INCOME $ 26,869,000 $ 21,174,000
NET INCOME PER COMMON SHARE:    
Basic $ 0.48 $ 0.47
Diluted $ 0.48 $ 0.47
Weighted average common shares outstanding-Basic 55,626,208 44,724,976
Weighted average common shares outstanding-Diluted 56,247,609 45,125,019