Income Taxes (Tables)

9 Months Ended

Sep. 30, 2013

Income Taxes

Schedule of components of the entity's deferred taxes

The components of the Company’s deferred taxes at September 30, 2013 and at December 31, 2012 (inclusive of the tax correction discussed in Note 2) are detailed in the table below (in thousands):

	September 30, 2013			December 31, 2012
Deferred tax assets - current
Derivative instruments and other	$	16,196		$	6,027
Deferred tax assets - noncurrent
US tax loss carryforwards	110,283		(1)	90,735
State tax loss carryforwards	19,794		(1)	12,258
Employee benefit plans	360			985
Total deferred tax assets, noncurrent	130,437			103,978
Deferred tax liabilities - noncurrent
Oil and gas properties and equipment	280,428			260,715
Total deferred tax liabilities, noncurrent	280,428			260,715
Reflected in the accompanying balance sheet as:
Net deferred tax asset, current	$	16,196		$	6,027
Net deferred tax liability noncurrent	$	149,991		$	156,737

(1) Includes the impact of the correction discussed in Note 2.