Other Assets

12 Months Ended

Dec. 31, 2011

Other Assets [Abstract]

Other Assets Disclosure [Text Block]

Note 10 – Other Assets

Other long-term assets consisted of the following at December 31:

			2011		2010
Intangible assets – workforce in place:
	Gross	$	-	$	4,800
	Accumulated amortization		-		(4,475)
	Net intangible assets		-		325
Debt issuance costs			23,460		23,702
Deposits and other costs related to SM Energy			6,000		-
Fair market value of long-term portion of derivatives			-		1,611
Other			924		257
		$	30,384	$	25,895

Intangible assets represented the purchase price allocated to the assembled workforce as a result of an acquisition and was amortized over its estimated life using the straight-line method. The intangible assets were fully amortized during 2011.

Debt issuance costs are amortized over the life of the related debt obligation. During 2011, we incurred $11.4million in debt issuance costs related to the issuance of our Senior Term Loan. See Note 12 for additional discussion.