Assets Held-for-Sale and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Assets Held-for-Sale and Discontinued Operations

	September 30,		December 31,
	2014		2013
	(In thousands)
Oil and Gas	$	158,327	$	239,936
Rig Services	—		3,328
	$	158,327	$	243,264

Schedule of condensed statements of income (loss) from discontinued operations for each operating segment

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(In thousands)
Operating revenues

Oil and Gas	$	2,314		$	1,803		$	10,842		$	23,842

Income (loss) from Oil and Gas discontinued operations:
Income (loss) from discontinued operations	$	(509	)	$	(8,555	)	$	1,027		$	(11,227	)
Less: Impairment charges or other (gains) and losses on sale of wholly owned assets and obligations	(7,312		) (1)	4,834			(5,901		) (1)	47,027
Less: Income tax expense (benefit)	2,798			2,011			2,440			(9,154		)
Income (loss) from Oil and Gas discontinued operations, net of tax	$	4,005		$	(15,400	)	$	4,488		$	(49,100	)

(1)

Reflects a gain related to our pipeline contractual commitments resulting from mitigation agreements to transfer pipeline/processing capacity.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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