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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Oil and condensate sales $ 58,609 $ 56,447 $ 187,633 $ 154,559
Gas sales 973 923 2,127 3,155
Natural gas liquids sales 874 653 2,374 2,346
Other income 81 58 189 248
Total revenues 60,537 58,081 192,323 160,308
Costs and expenses:        
Lease operating expenses 6,638 5,744 18,201 15,103
Production taxes 7,070 6,281 22,411 18,520
Depreciation, depletion, and amortization 25,377 14,736 70,424 40,606
General and administrative 3,098 2,034 9,370 6,209
Accretion expense 176 168 529 491
Total costs and expenses 42,359 28,963 120,935 80,929
INCOME FROM OPERATIONS: 18,178 29,118 71,388 79,379
OTHER (INCOME) EXPENSE:        
Interest Expense 1,003 225 1,630 1,163
Interest income (6) (64) (37) (139)
Loss (income) from equity method investments 1,165 (52) 1,793 906
Total other (income) expense 2,162 109 3,386 1,930
INCOME BEFORE INCOME TAXES 16,016 29,009 68,002 77,449
INCOME TAX EXPENSE: 15,514    15,514 1
NET INCOME $ 502 $ 29,009 $ 52,488 $ 77,448
NET INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.01 $ 0.58 $ 0.94 $ 1.63
Diluted (in dollars per share) $ 0.01 $ 0.57 $ 0.93 $ 1.61
Weighted average common shares outstanding-Basic 55,692,664 50,407,240 55,658,507 47,549,672
Weighted average common shares outstanding-Diluted 56,291,792 50,905,962 56,174,581 48,008,368