NATURAL RESOURCES ASSETS (Tables)

3 Months Ended

Mar. 31, 2013

Summary of the company's oil and gas properties

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

	As of March 31, 2013			As of December 31, 2012
Proved oil and natural gas properties (successful efforts method)	$	331,792		$	315,446
Unproved oil and natural gas properties	2,719			2,596
Less: Accumulated depreciation, depletion and amortization	(36,995		)	(28,113		)
Oil and gas properties, net	$	297,516		$	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