Second-quarter
production
rose
40%
to
62.8
billion
cubic
feet
of
gas
equivalent.
However,
the
gas-focused
company
realized
a
price
of
$3.39
per
thousand
cubic
feet,
27%
lower
than
the
second
quarter
of
2011.
April-June
net
income
was
$35.9
million,
or
17
cents
per
share,
compared
with
$54.7
million,
or
26
cents
per
share,
a
year
earlier.
Excluding
items,
earnings
were
5
cents
a
share,
missing
analysts'
estimates
by
a
penny,
according
to
Thomson
Reuters.
Operating
revenue
rose
11%
to
$265.7
million,
but
came
in
below
analysts'
estimates
of
$267.9
million.
The
Houston-based
company's
average
production
in…
