Accrued And Other Liabilities

12 Months Ended

Dec. 31, 2013

Accrued And Other Liabilities [Abstract]

Accrued And Other Liabilities

NOTE 16— ACCRUED AND OTHER LIABILITIES

As of December 31, 2013 and December 31, 2012 we had the following accrued and other liabilities:

	December 31, 2013		December 31, 2012
Accrued lease operating expenses	$	20,297	$	11,173
Accrued capital spending		16,316		6,109
Distributions payable (1)		14,155		3,500
Senior notes accrued interest		11,563		11,563
Accrued production and other taxes		6,270		7,401
Gas imbalance liability (2)		6,214		5,351
Other		4,230		1,187
	$	79,045	$	46,284

⁽¹⁾ For the year ended December 31, 2013 and 2012, balance includes preferred distributions payable to affiliates of $3.5 million.

⁽²⁾ We account for our natural gas imbalances under the sales method. We had overproduced liabilities of $6.2million and $5.4million included in accrued liabilities on our consolidated balance sheets as of December 31, 2013 and December 31, 2012, respectively, for overproduced positions which were beyond ultimate recoverability of remaining natural gas reserves. As of December 31, 2013, our gross underproduced natural gas position was approximately $4.1 million (1.5 MMcf) and our gross overproduced natural gas position was approximately $6.2million (2.1 MMcf). These gross positions were valued at $4.62 per Mcf for underproduced natural gas positions and $4.31 per Mcf for overproduced natural gas positions without regard to 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 $5.4million (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.