Operating Segments

6 Months Ended

Jun. 30, 2011

Operating Segments [Abstract]

Operating Segments

Note 10 — Operating Segments

     Operating segment data for the periods indicated is as follows (in thousands):

	Production		Pipeline			Total
Three months ended June 30, 2010
Revenues	$	21,594	$	2,232		$	23,826
Operating profit	$	5,583	$	(299	)	$	5,284
Three months ended June 30, 2011
Revenues	$	23,058	$	2,466		$	25,524
Operating profit	$	8,129	$	232		$	8,361
January 1, 2010 to March 5, 2010 (Predecessor)
Revenues	$	19,735	$	1,749		$	21,484
Operating profit	$	7,516	$	49		$	7,565
March 6, 2010 to June 30, 2010
Revenues	$	30,495	$	3,159		$	33,654
Operating profit	$	9,351	$	(269	)	$	9,082
Six months ended June 30, 2011
Revenues	$	44,651	$	5,639		$	50,290
Operating profit	$	21,259	$	805		$	22,064
Identifiable assets
December 31, 2010	$	232,111	$	64,701		$	296,812
June 30, 2011	$	224,592	$	63,201		$	287,793

     The following table reconciles segment operating profits reported above to income before income taxes and non-controlling interests (in thousands):

							(Predecessor)
							January 1,			March 6, 2010			Six Months
	Three Months Ended June 30,						2010 to			to June 30,			Ended June 30,
	2010			2011			March 5, 2010			2010			2011
Segment operating profit (1)	$	5,284		$	8,361		$	7,565		$	9,082		$	22,064
General and administrative expenses		(7,910	)		(5,148	)		(5,735	)		(9,494	)		(10,036	)
Litigation reserve		(50	)		(100	)		—			(1,620	)		(9,600	)
Gain from forgiveness of debt		—			1,647			—			—			1,647
Gain (loss) from derivative financial instruments		(605	)		5,568			25,246			17,968			4,747
Interest expense, net		(6,325	)		(2,633	)		(5,336	)		(8,423	)		(5,322	)
Other income (expense), net		19			(164	)		(4	)		(90	)		170
Income (loss) before income taxes	$	(9,587	)	$	7,531		$	21,736		$	7,423		$	3,670

(1) Segment operating profit represents total revenues less costs and expenses directly attributable thereto.