ITEM 2.02. Results of Operations and Financial Condition.

On August 4, 2009, we issued a press release with respect to our third quarter 2009 financial and operational results. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The press release contains measures (discussed below) that may be deemed non-GAAP financial measures as defined in Item. 10 of Regulation S-K under the Securities and Exchange Act of 1934 (the "Exchange Act"). The most directly comparable generally accepted accounting principles (GAAP) financial measures and information reconciling the GAAP and non-GAAP financial measures are also included in the press release.
In the press release, we refer to certain non-GAAP financial measures we call net income as adjusted, adjusted EBITDA and discretionary cash flow. Management believes these measures are key metrics for the Company and our ability to internally fund capital expenditures and service existing debt. Management believes these non-GAAP financial measures are useful information to investors because they exclude non-operating fluctuations in assets and liabilities and are widely used by professional research analysts in the valuation, comparison, rating and investment recommendations of companies within the oil and gas exploration and production industry. Discretionary cash flow should not be considered an alternative to net cash provided by operating activities or net income, as defined by GAAP.
In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item. 7.01. Regulation FD Disclosure.
The information set forth under Item 2.02 of this Current Report on Form 8-K is hereby incorporated in Item 7.01 by reference.
In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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