Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

Note 17 –  Subsequent Events

Rochelle Field

On October 23, 2013, we achieved first production from the Rochelle field located in the U.K. Central North Sea.  Endeavour has a 44% interest in Rochelle.  The second development well, East Rochelle E2, has been drilled to total depth, cased and is in the process of being completed.  The E2 well is expected to be on-line during the fourth quarter of 2013.

U.S. Marcellus Purchase and Sale Agreement

In October 2013, we entered into a purchase and sale agreement covering 50% of our upstream and midstream assets in the Pennsylvania Marcellus area.  The transaction is expected to deliver capital necessary for near term joint development of our assets.  We anticipate final closing to occur in the fourth quarter of 2013.

Strategic Alternative Process

In October 2013, we concluded our review of strategic alternatives that was initiated in February 2013.  The primary objective of the strategic review was to accelerate the deleveraging of our balance sheet and unlock the value of our underlying assets.  Our Board of Directors has determined that it is the best interests of our shareholders to retain and exploit our existing asset base, with certain organizational changes and cost-saving initiatives.