Assets Held For Sale And Discontinued Operations

12 Months Ended

Dec. 31, 2013

Assets Held For Sale And Discontinued Operations [Abstract]

Assets Held For Sale And Discontinued Operations

7. Assets Held For Sale and Discontinued Operations

     Assets held for sale represent the carrying value of the pipeline asset of $1.4 million at December 31, 2102. The pipeline asset was sold in August 2013, and therefore was not included in the balance sheet at December 31, 2013. The determination of the pipeline value at December 31, 2012 was based on discussions and negotiations with a third party regarding the sale of the Pipeline asset.

The following table summarizes the amounts in net loss from discontinued operations, net of income tax presented in the consolidated statement of Operations for the years ended December 31, 2013, 2012, and 2011 (in thousands):

	For the Years Ended December 31,
		2013			2012			2011
Revenues	$	22		$	30		$	23
Production costs and taxes		(164	)		(315	)		(260	)
Depreciation, depletion, and amortization		-			(223	)		(176	)
Impairment		-			(5,242	)		-
Gain on sale of assets		128			-			-
Deferred income tax benefit		(180	)		1,419			127
Current income tax benefit		57			20			-
Net loss from discontinued operations, net of income tax	$	(137	)	$	(4,311	)	$	(286	)