Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.6
Consolidated Statements Of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Oil and condensate sales $ 222,025,000 $ 121,350,000 $ 81,587,000
Gas sales 3,838,000 3,468,000 1,992,000
Natural gas liquid sales 3,090,000 2,818,000 1,997,000
Other income (expense) 301,000 285,000 392,000
Total Revenues 229,254,000 127,921,000 85,968,000
Costs and expenses:      
Lease operating expenses 20,897,000 17,614,000 16,316,000
Production taxes 26,333,000 13,966,000 9,797,000
Depreciation, depletion, and amortization 62,320,000 38,907,000 29,225,000
General and administrative 8,074,000 6,063,000 4,992,000
Accretion expense 666,000 617,000 582,000
Total Costs and Expenses 118,290,000 77,167,000 60,912,000
INCOME FROM OPERATIONS 110,964,000 50,754,000 25,056,000
OTHER (INCOME) EXPENSE:      
Interest expense 1,400,000 2,761,000 2,309,000
Insurance proceeds     (1,050,000)
Interest income (186,000) (387,000) (564,000)
Loss from equity method investments 1,418,000 977,000 706,000
Total Other (Income) Expense 2,632,000 3,351,000 1,401,000
INCOME BEFORE INCOME TAXES 108,332,000 47,403,000 23,655,000
INCOME TAX EXPENSE (BENEFIT) (90,000) 40,000 28,000
NET INCOME $ 108,422,000 $ 47,363,000 $ 23,627,000
NET INCOME PER COMMON SHARE:      
Basic $ 2.22 $ 1.08 $ 0.55
Diluted $ 2.20 $ 1.07 $ 0.55
Weighted average common shares outstanding-Basic 48,754,840 43,863,190 42,667,581
Weighted average common shares outstanding-Diluted 49,206,963 44,256,092 43,017,648