ANNUAL REPORT 44902Pixd1r2 44902Pixd1r2 3/9/12 4:41 PM Page 2 44902Pixd2r2 44902Pixd2r2 3/11/12 12:47 PM Page 1
44902pixD1R2_44902pixD1R2 3/12/12 7:22 AM Page 1 WE ARE A U.S. COMPANY HELPING TO SUPPLY ENERGY FOR ITS COUNTRY. 2011 ANNUAL REPORT 44902pixD1R2_44902pixD1R2 3/9/12 4:41 PM Page 2 44902pixD2R2_44902pixD2R2 3/11/12 12:47 PM Page 1 SUMMARY OF SELECTED FINANCIAL DATA Year Ending December 31 2011 2010 2009 2008 2007 $1,250 Income Statement Total Revenues $ 971,047 $ 705,783 $ 610,996 $ 1,215,609 $ 1,113,749 1000 Operating Income (Loss) $ 329,460 $ 166,789 $ (219,859) $ (807,145) $ 249,249 750 Net Income (Loss) $ 172,817 $ 117,892 $ (187,919) $ (558,819) $ 144,300 500 Cash-Flow Statement 250 Operating Activities $ 521,478 $ 464,772 $ 156,266 $ 882,496 $ 688,597 0 Capex (oil and natural gas properties) $ 719,026 $ 415,653 $ 276,134 $ 774,879 $ 361,235 11 10 09 08 07 Revenues (In millions) Balance Sheet Total Assets $ 1,868,925 $ 1,424,094 $ 1,326,833 $ 2,056,186 $ 2,812,204 Long-Term Debt $ 717,000 $ 450,000 $ 450,000 $ 653,172 $ 654,764 Shareholders’ Equity $ 544,574 $ 421,743 $ 358,950 $ 572,227 $ 1,151,340 $ 900 720 Operating Data Net Sales: 540 Oil (MMBbls) 6.1 5.9 6.1 5.9 6.9 360 NGLs (MMBbls) 1.9 1.2 1.1 1.1 1.4 Natural Gas (Bcf) 53.7 44.7 51.6 56.1 76.7 180 Total Oil Equivalent (MMboe) 16.9 14.5 15.8 16.3 21.1 0 Total Natural Gas Equivalent (Bcfe) 101.5 87.0 94.8 97.9 126.5 11 10 09 08 07 Cash Provided by Average Daily Oil Sales (MMboe/d) 46.4 39.7 43.3 44.6 57.8 Operating Activities Average Daily Gas Sales (MMcfe/d) 278.2 238.4 259.7 267.5 346.7 (In millions) Average Realized Sales Price: Oil ($/Bbl) $ 105.92 $ 77.33 $ 59.96 $ 105.74 $ 71.89 NGLs ($/Bbl) $ 55.81 $ 43.65 $ 31.96 $ 60.62 $ 46.45 25 Natural Gas ($/Mcf) $ 4.12 $ 4.55 $ 3.97 $ 9.40 $ 7.
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