Sale of Piceance and Arkoma Properties - Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Sale of Piceance and Arkoma Properties - Discontinued Operations

Schedule of results of operations and the loss on the sale of the Piceance Basin and Arkoma Basin assets shown as discontinued operations on the accompanying Consolidated Statement of Operations and Comprehensive Income (Loss)


	Year ended December 31,
	2012		2013		2014
Sales of oil, natural gas, and natural gas liquids	$	125,396		—		—
Commodity derivative fair value gains		46,358		—		—
Revenues		171,754		—		—
Operating expenses		158,707		—		—
Loss (gain) on sale of assets		795,945		(8,506)		(3,564)
Total expenses		954,652		(8,506)		(3,564)
Income (loss) from discontinued operations before income taxes		(782,898)		8,506		3,564
Income tax (expense) benefit		272,553		(3,249)		(1,354)
Net income (loss) from discontinued operations	$	(510,345)		5,257		2,210

- 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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