Operating Segments

9 Months Ended

Sep. 30, 2011

Operating Segments [Abstract]

Operating Segments

Note 11 — Operating Segments

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

	Production		Pipeline			Total
Three months ended September 30, 2010
Revenues	$	22,921	$	2,402		$	25,323
Operating profit	$	8,019	$	104		$	8,123
Three months ended September 30, 2011
Revenues	$	21,926	$	2,501		$	24,427
Operating profit	$	4,239	$	484		$	4,723
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 September 30, 2010
Revenues	$	53,416	$	5,561		$	58,977
Operating profit	$	17,370	$	(165	)	$	17,205
Nine months ended September 30, 2011
Revenues	$	66,577	$	8,140		$	74,717
Operating profit	$	25,498	$	1,289		$	26,787
Identifiable assets
December 31, 2010	$	232,111	$	64,701		$	296,812
September 30, 2011	$	237,077	$	62,857		$	299,934

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

							(Predecessor)
	Three Months Ended						January 1,			March 6, 2010			Nine Months
	September 30,						2010 to			to September 30,			Ended September 30,
	2010			2011			March 5, 2010			2010			2011
Segment operating profit (1)	$	8,123		$	4,723		$	7,565		$	17,205		$	26,787
General and administrative expenses		(4,638	)		(4,241	)		(5,735	)		(14,132	)		(14,277	)
Recovery of misappropriated funds		997			—			—			997			—
Litigation reserve		(20	)		(1,981	)		—			(1,640	)		(11,581	)
Gain from forgiveness of debt		—			—			—			—			1,647
Gain from derivative financial instruments		32,271			11,953			25,246			50,239			16,700
Loss from investment in affiliate		—			(859	)		—			—			(859	)
Interest expense, net		(8,602	)		(2,611	)		(5,336	)		(17,025	)		(7,933	)
Other income (expense), net		58			23			(4	)		(32	)		193
Income before income taxes	$	28,189		$	7,007		$	21,736		$	35,612		$	10,677

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