Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Oil and condensate sales $ 65,020 $ 52,916 $ 129,024 $ 98,112
Gas sales 541 1,512 1,154 2,232
Natural gas liquids sales 694 1,034 1,500 1,693
Other income 70 127 108 190
Total revenues 66,325 55,589 131,786 102,227
Costs and expenses:        
Lease operating expenses 5,714 4,706 11,563 9,359
Production taxes 7,572 6,732 15,341 12,239
Depreciation, depletion, and amortization 23,652 13,712 45,047 25,870
General and administrative 3,263 2,119 6,272 4,175
Accretion expense 177 164 353 323
Total costs and expenses 40,378 27,433 78,576 51,966
INCOME FROM OPERATIONS: 25,947 28,156 53,210 50,261
OTHER (INCOME) EXPENSE:        
Interest Expense 474 285 627 938
Interest income (4) (37) (31) (75)
Loss from equity method investments 360 642 628 958
Total other (income) expense 830 890 1,224 1,821
INCOME BEFORE INCOME TAXES 25,117 27,266 51,986 48,440
INCOME TAX EXPENSE:    1    1
NET INCOME $ 25,117 $ 27,265 $ 51,986 $ 48,439
NET INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.45 $ 0.57 $ 0.93 $ 1.05
Diluted (in dollars per share) $ 0.45 $ 0.57 $ 0.93 $ 1.04
Weighted average common shares outstanding-Basic 55,656,274 47,454,359 55,641,241 46,097,207
Weighted average common shares outstanding-Diluted 56,334,095 47,898,665 56,175,248 46,548,414