Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

(8)         DISCONTINUED OPERATIONS

As a result of the sales of our Gulf Coast oil and gas properties and the abandonment of our coalbed methane projects during 2011, all related activities are included as discontinued operations on the consolidated balance sheets and consolidated statements of operations for all periods presented.

The carrying amounts of the major classes of assets and liabilities for our discontinued oil and gas operations are summarized below (in thousands):

	December 31,		December 31,
	2013		2012
Current Assets:
Accounts receivable, net	$	6	$	—
Total Current Assets		6		—
Total Assets of Discontinued Operations	$	6	$	—
Current Liabilities:
Trade payables	$	29	$	3
Revenues and royalties payable		18		17
Accrued liabilities and other		113		227
Total Current Liabilities		160		247
Total Liabilities of Discontinued Operations	$	160	$	247

Our Accrued Liabilities and Other at December 31, 2013 consists of legal fees related to the XPLOR Energy Litigation (see Note 15 – “Commitments and Contingencies”).

Cash used by discontinued operations during the year ended December 31, 2013 is mainly related to legal costs resulting from the sale of the oil and gas properties. Upon resolution of the XPLOR Energy litigation and regulatory matters, no significant activities are expected related to these discontinued operations.

The revenues and net income (loss) before income tax associated with our discontinued oil and gas operations are as follows (in thousands):

	Years Ended December 31,
	2013			2012
Revenues and other:
Oil and gas operations	$	—		$	—
Oil and gas processing and handling income		—			—
Total revenues from discontinued operations	$	—		$	—
Loss from discontinued operations before taxes	$	(471	)	$	(467	)

We recognized a loss of $157 thousand on the 2011 disposal of our Gulf Coast oil and gas properties during the year ended December 31, 2012, as a result of decreases in actual retained plugging and abandonment costs over estimates at December 31, 2011. No additional losses were recognized on this disposal during the year ended December 31, 2013.