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
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Oil and condensate sales $ 53,080 $ 64,004
Gas sales 1,466 613
Natural gas liquid sales 324 806
Other income 130 38
Total revenues 55,000 65,461
Costs and expenses:    
Lease operating expenses 5,172 5,849
Production taxes 7,287 7,769
Depreciation, depletion, and amortization 22,583 21,395
General and administrative 4,412 3,009
Accretion expense 175 176
Loss on sale of assets 427 0
Total costs and expenses 40,056 38,198
INCOME FROM OPERATIONS 14,944 27,263
OTHER (INCOME) EXPENSE:    
Interest Expense 3,479 153
Interest income (79) (27)
(Income) loss from equity method investments (61,210) 268
Total Other (Income) Expense (57,810) 394
INCOME BEFORE INCOME TAXES 72,754 26,869
INCOME TAX EXPENSE 28,195 0
NET INCOME $ 44,559 $ 26,869
NET INCOME PER COMMON SHARE:    
Basic net income from continuing operations per share (usd per share) $ 0.61 $ 0.48
Diluted net income from continuing operations per share (usd per share) $ 0.61 $ 0.48
Weighted average common shares outstanding - Basic (shares) 72,830,215 55,626,208
Weighted average common shares outstanding-Diluted (shares) 73,334,848 56,247,609