|
Year Ended December 31, |
|
2005 |
|
2004 |
|
2003 |
| Revenues: |
|
|
|
|
|
|
Oil and gas sales |
$
423,766,245 |
|
$
311,285,172 |
|
$
211,032,639 |
|
Price-risk management and other, net |
(539,756) |
|
(1,008,398) |
|
(2,131,656) |
|
----------------------- |
|
----------------------- |
|
----------------------- |
|
423,226,489 |
|
310,276,774 |
|
208,900,983 |
|
----------------------- |
|
----------------------- |
|
----------------------- |
| Costs and
Expenses: |
|
|
|
|
|
|
General and administrative, net |
22,176,362 |
|
17,787,125 |
|
14,097,066 |
|
Depreciation, depletion, and amortization |
107,477,787 |
|
81,580,828 |
|
63,072,057 |
|
Accretion of asset retirement obligation |
761,042 |
|
673,654 |
|
857,356 |
|
Lease operating cost |
47,321,841 |
|
41,214,256 |
|
33,833,198 |
|
Severance and other taxes |
42,176,505 |
|
30,401,293 |
|
19,033,604 |
|
Interest expense, net |
24,873,401 |
|
27,643,108 |
|
27,268,524 |
|
Debt retirement cost |
--- |
|
9,536,268 |
|
--- |
|
----------------------- |
|
----------------------- |
|
----------------------- |
|
244,786,938 |
|
208,836,532 |
|
158,161,805 |
|
----------------------- |
|
----------------------- |
|
----------------------- |
| Income Before
Income Taxes and |
|
|
|
|
|
|
Change in Accounting Principle |
178,439,551 |
|
101,440,242 |
|
50,739,178 |
|
|
|
|
|
|
|
Provision for Income Taxes |
62,661,095 |
|
32,989,325 |
|
16,468,514 |
|
----------------------- |
|
----------------------- |
|
----------------------- |
|
|
|
|
|
|
|
Income Before Change in Accounting Principle |
$
115,778,456 |
|
$
68,450,917 |
|
$
34,270,664 |
| Cumulative Effect
of Change in Accounting Principle (net of taxes) |
--- |
|
--- |
|
4,376,852 |
|
----------------------- |
|
----------------------- |
|
----------------------- |
| Net Income |
$
115,778,456 |
|
$
68,450,917 |
|
$
29,893,812 |
|
============ |
|
============ |
|
============ |
| Per Share
Amounts- |
|
|
|
|
|
|
Basic: Income Before Change in Accounting Principle |
$
4.06 |
|
$
2.46 |
|
$
1.25 |
|
Change in Accounting Principle |
--- |
|
--- |
|
(0.16) |
|
----------------------- |
|
----------------------- |
|
----------------------- |
|
Net Income |
$
4.06 |
|
$
2.46 |
|
$
1.09 |
|
============ |
|
============ |
|
============ |
|
Diluted: Income Before Change in Accounting Principle |
$
3.95 |
|
$
2.41 |
|
$
1.24 |
|
Change in Accounting Principle |
--- |
|
--- |
|
(0.16) |
|
----------------------- |
|
----------------------- |
|
----------------------- |
|
Net Income |
$
3.95 |
|
$
2.41 |
|
$
1.08 |
|
============ |
|
============ |
|
============ |
|
|
|
|
|
|
|
Weighted Average Shares Outstanding |
28,496,275 |
|
27,822,413 |
|
27,357,579 |
|
============ |
|
============ |
|
============ |
|