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Oil And Gas Properties
9 Months Ended
Sep. 30, 2011
Oil And Gas Properties [Abstract] 
Oil And Gas Properties

Note 4 — Oil and Gas Properties

Acquisitions

During June 2011, we acquired interests in three deepwater licenses in the Mediterranean Sea off the coast of Israel. We will operate the licenses with working interests of 40%.

Impairment of Oil and Gas Properties

During the first nine months of 2011, we recognized impairment of proved Gulf of Mexico oil and gas properties of $45.7 million primarily related to two properties acquired in 2005 and 1999 for which remediation is not cost-effective in the current cost environment.