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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2014
Schedule of Purchase Consideration Assets Acquired and Liabilities Assumed

The contractual purchase consideration to be paid and the assets acquired and liabilities assumed are as follows (In thousands):

 

Cash consideration paid upon First Closing

 

$

85,000

 

Cash consideration to be paid upon Second Closing

 

 

85,000

 

CAMAC common stock

 

 

-

 

Long-term convertible subordinated note payable - related party

 

 

50,000

 

 

 

 

 

 

Total purchase price

 

$

220,000

 

 

 

 

 

 

Asset acquired and liabilities assumed:

 

 

 

 

Property, plant and equipment, net

 

 

249,739

 

Accounts payable

 

 

(25,429

)

Asset retirement obligations

 

 

(20,890

)

Net assets acquired

 

 

203,420

 

 

 

 

 

 

Consideration in excess of carrying value acquired

 

$

16,580