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Accrued And Other Liabilities
 12 Months Ended
Dec. 31, 2012
Accrued And Other Liabilities [Abstract]  
Accrued And Other Liabilities

NOTE 13 — ACCRUED AND OTHER LIABILITIES

 

As of December 31, 2012 and December 31, 2011 we had the following accrued and other liabilities:

 

 

 

 

 

 

 

 

December 31, 2012

 

December 31, 2011

Distributions payable (1)

$
3,500 

 

$
20,545 

Accrued capital spending

 
6,109 

 

 
9,590 

Accrued lease operating expenses

 
11,173 

 

 
8,412 

Accrued production taxes

 
7,401 

 

 
4,460 

Senior notes accrued interest

 
11,563 

 

 

 -

Gas imbalance liability (2)

 
5,351 

 

 
4,010 

Other

 
1,187 

 

 
3,010 

 

$
46,284 

 

$
50,027 

 

(1)

For the year ended December 31, 2012, balance includes preferred distributions payable to affiliates of $3.5 million.

 

(2)

For the year ended December 31, 2011, balance includes distributions payable to our general partner and limited partners of $17.1 million and preferred distributions payable of $3.4 million.

 

We account for our natural gas imbalances under the sales method. We had overproduced liabilities of $5.4 million and $4.0 million included in accrued liabilities on our consolidated balance sheet as of December 31, 2012 and December 31, 2011, respectively, for overproduced positions which were beyond ultimate recoverability of remaining natural gas reserves. As of December 31, 2012, our gross underproduced natural gas position was approximately $1.2 million (1.5 MMcf) and our gross overproduced natural gas position was approximately $5.4 million (2.1 MMcf). These gross positions were valued at $3.46 per Mcf for underproduced natural gas positions and $3.41 per Mcf for overproduced natural gas positions without regard to remaining natural gas reserves. As of December 31, 2011, our gross underproduced natural gas position was approximately $1.1 million (1.6 MMcf) and our gross overproduced natural gas position was approximately $4.0 million (2.3 MMcf). These gross positions were valued at $3.01 per Mcf for underproduced natural gas positions and $2.96 per Mcf for overproduced natural gas positions without regard to remaining natural gas reserves.