Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

v2.4.0.6
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2012
Newfield Properties
  
Purchase Price Allocation for Acquisition

The following table presents the preliminary purchase price allocation, including estimated adjustments, for the acquisition of the Newfield Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 237,214   

Asset retirement obligations – current

      (7,250 ) 

Asset retirement obligations – non-current

      (24,414 ) 
  

 

 

  

Total cash paid

    $ 205,550   
  

 

 

  
Summary of Pro Forma Condensed Combined Statements of Income

The following table presents a summary of our pro forma financial information (in thousands except earnings per share):

 

     (unaudited)  
     Year Ended December 31,  
     2012      2011  

Revenue

    $ 980,196       $ 1,187,808   

Net income

      77,059         220,875   

Basic and diluted earnings per common share

      1.01         2.92   
Yellow Rose Properties
  
Purchase Price Allocation for Acquisition

The following table presents the purchase price allocation for the acquisition of the Yellow Rose Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 396,902   

Asset retirement obligations – non-current

      (382 ) 

Long-term liability

      (2,143 ) 
  

 

 

  

Total cash paid

    $ 394,377   
  

 

 

  
Fairway Properties
  
Purchase Price Allocation for Acquisition

The following table presents the purchase price allocation for the acquisition of the Fairway Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 50,682   

Asset retirement obligations – non-current

      (7,812 ) 
  

 

 

  

Total cash paid

    $ 42,870   
  

 

 

  
Yellow Rose Properties And Fairway Properties
  
Summary of Pro Forma Condensed Combined Statements of Income

The following table presents a summary of our pro forma financial information (in thousands except earnings per share):

 

     (unaudited)
Year Ended December 31, 		 
     2011      2010  

Revenue

    $ 1,023,430       $ 784,964   

Net income

      180,779         113,783   

Basic and diluted earnings per common share

      2.39         1.52   
Total Properties
  
Purchase Price Allocation for Acquisition

The following table presents the purchase price allocation for the acquisition of the Total Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 121,301   

Asset retirement obligations – non-current

      (6,289 ) 
  

 

 

  

Total cash paid

    $ 115,012   
  

 

 

  
Tahoe Properties
  
Purchase Price Allocation for Acquisition

The following table presents the purchase price allocation for the acquisition of the Tahoe Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 134,189   

Asset retirement obligations – non-current

      (17,956 ) 
  

 

 

  

Total cash paid

    $ 116,233   
  

 

 

  
Total Properties and Tahoe Properties
  
Summary of Pro Forma Condensed Combined Statements of Income

The following table presents a summary of our pro forma financial information (in thousands except earnings per share):

 

     (unaudited)
Year  Ended
December 31, 2010 		 

Revenue

    $ 818,230   

Net income

      148,359   

Basic and diluted earnings per common share

      1.99