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NATURAL RESOURCES ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
NATURAL RESOURCES ASSETS  
Summary of the company's oil and gas properties

 The following table summarizes the Company's oil and gas properties as of December 31, 2013 and 2012 (amounts in thousands):

 
   As of
December 31,
2013		   As of
December 31,
2012		  

Proved oil and natural gas properties (successful efforts method)

   $ 451,909   $ 315,446  

Unproved oil and natural gas properties

     16,913     2,596  

Less: Accumulated depreciation, depletion and amortization

     (68,453 )   (28,113 )
           
​ ​ ​ ​ ​ ​ ​ ​

Oil and gas properties, net

   $ 400,369   $ 289,929  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of recognized fair value of the identifiable assets acquired and liabilities assumed in connection with the acquisition

The table below reflects updated 2012 information including an increase of $3.8 million to both proved property and accounts payable and accrued liabilities (amounts in thousands):

 
   2013   2012  

Proved property

   $ —   $ 164,557  

Unproved property

     —     2,658  

Other assets

     —     16,789  

Risk management liabilities

     —     (1,037 )

Accounts payable and accrued liabilities

     —     (9,030 )

Asset retirement obligation

     —     (5,491 )
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ —   $ 168,446  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​