Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

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STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Oil and Gas Sales $ 119,191,594 $ 107,232,064 $ 337,149,610 $ 270,026,894
(Loss) on Settled Derivatives (7,017,599) (8,096,075) (25,084,349) (8,966,175)
Gains (Loss) on the Mark-to-Market of Derivative Instruments 68,600,900 (29,353,161) 25,433,684 (27,254,147)
Other Revenue 2,594 1,372 5,863 37,514
Total Revenues 180,777,489 69,784,200 337,504,808 233,844,086
OPERATING EXPENSES        
Production Expenses 14,717,257 11,471,867 39,428,008 30,510,248
Production Taxes 12,068,494 9,931,345 34,073,083 25,303,805
General and Administrative Expense 4,698,972 4,164,335 12,677,481 12,068,439
Depletion, Depreciation, Amortization and Accretion 45,646,232 32,103,607 123,959,402 85,455,425
Total Expenses 77,130,955 57,671,154 210,137,974 153,337,917
INCOME FROM OPERATIONS 103,646,534 12,113,046 127,366,834 80,506,169
OTHER INCOME (EXPENSE)        
Interest Expense, Net of Capitalization (10,624,246) (9,212,834) (30,850,004) (23,140,425)
Other Income (Expense) 13,022 (169,308) 45,794 (437,032)
Total Other Income (Expense) (10,611,224) (9,382,142) (30,804,210) (23,577,457)
INCOME BEFORE INCOME TAXES 93,035,310 2,730,904 96,562,624 56,928,712
INCOME TAX PROVISION 35,050,000 1,028,000 36,400,000 21,262,614
NET INCOME 57,985,310 1,702,904 60,162,624 35,666,098
COMPREHENSIVE INCOME $ 57,985,310 $ 1,702,904 $ 60,162,624 $ 35,666,098
Net Income Per Common Share - Basic (in dollars per share) $ 0.96 $ 0.03 $ 0.99 $ 0.57
Net Income Per Common Share - Diluted (in dollars per share) $ 0.95 $ 0.03 $ 0.99 $ 0.56
Weighted Average Shares Outstanding - Basic (in shares) 60,559,827 62,426,341 60,753,752 62,750,952
Weighted Average Shares Outstanding - Diluted (in shares) 60,736,502 62,758,378 60,950,641 63,142,238