Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information

Segment Information

12. Segment Information

        The Company currently has two geographic operating segments for its exploratory operations. The operating segments are focused in the deepwater U.S. Gulf of Mexico and offshore West Africa. The following tables provide the geographic operating segment information for the three months ended March 31, 2013 and 2012:

	U.S. Gulf of Mexico			West Africa			Total
	($ in thousands)
Three months ended March 31, 2013
Operating costs and expense	$	23,105		$	89,347		$	112,452
Operating income (loss)		(23,105	)		(89,347	)		(112,452	)
Other (income) expense								15,635
Net income (loss)							$	(128,087	)
Additions to Property and Equipment, net(1)	$	54,859		$	(24,902	)	$	29,957
Three months ended March 31, 2012
Operating costs and expense	$	24,671		$	13,044		$	37,715
Operating income (loss)		(24,671	)		(13,044	)		(37,715	)
Other (income) expense								(1,184	)
Net income (loss)							$	(36,531	)
Additions to Property and Equipment, net(1)	$	22,346		$	56,887		$	79,233

(1)

These amounts are net of accumulated allowance for impairment on oil and gas properties and accumulated depreciation and amortization on other property and equipment.