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Oil and Gas Disclosures (Tables)
12 Months Ended
Dec. 31, 2013
Extractive Industries [Abstract]  
Costs Incurred in Property Acquisition, Exploration and Development Activities

   Years Ended December 31,
   2013  2012
Domestic costs incurred:          
Acquisition of properties          
Proved  $4   $2,451 
Unproved   —      —   
Exploration   —      —   
Development   1,359    502 
Total domestic costs incurred  $1,363   $2,953 

 

Capitalized Costs Relating to Oil and Gas Producing Activities

   Years Ended December 31,
   2013  2012
Capitalized costs:          
Proved properties  $4,124   $2,953 
Unproved properties   326    —   
Total capitalized costs   4,450    2,953 
Less accumulated depreciation and amortization   (691)   (212)
Net capitalized costs  $3,759   $2,741 

Results of Operations from Oil and Natural Gas Producing Activities

   Years Ended December 31,
   2013  2012
   (in thousands)
       
Oil and gas revenues  $1,093   $394 
Less:          
Oil and gas operating costs   209    49 
Depreciation and amortization   479    212 
Accretion expense   —      —   
Total oil and gas expenses   688    261 
Results of operations from oil and gas producing activities  $405   $133 

 

Proved Crude Oil and Natural Gas Reserves

   (Unaudited)
   Total (1)
   Oil
(Mbbls)
  Gas 
(Mmcf)
Proved reserves:          
As of December 31, 2011   —      —   
  Production   (4)   (6)
  Purchases of reserves in place   21    35 
As of December 31, 2012   17    29 
  Extensions and discoveries   187    247 
  Revisions   4    (2)
  Production   (11)   (14)
As of December 31, 2013   197    260 
           
Proved developed reserves at:          
  December 31, 2013   52    73 
Proved undeveloped reserves at:          
  December 31, 2013   145    187 

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(1)All reserves were held within the United States for the years ended December 31, 2013 and 2012.

 

Standardized Measure of Discounted Future Net Cash Flows

    (Unaudited, in thousands) 
December 31, 2012:     
Future cash inflows  $1,694 
Production costs   (422)
Development costs   —   
Future income taxes   —   
Future net cash flows   1,272 
10% discount factor   (437)
Standardized measure of discounted future net cash flows (1)  $835 
      
December 31, 2013:     
Future cash inflows  $19,778 
Production costs   (5,181)
Development costs   (5,205)
Future income taxes   —   
Future net cash flows   9,392 
10% discount factor   (5,142)
Standardized measure of discounted future net cash flows (1)  $4,250 

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(1)Cash flows associated with asset retirement obligations are included in the Standardized Measure of Discounted Future Net Cash Flows.

 

Changes in the Standardized Measure of Discounted Future Net Cash Flows

   Years Ended December 31,
   2013  2012
   (Unaudited, in thousands)
Total          
Standardized measure -- beginning of year  $835   $—   
Increase (decrease)          
Sales, net of production costs   (884)   (345)
Net change in prices, net of production costs   (64)   37 
Revisions of quantity estimates   93    —   
Accretion of discount   83    106 
Extensions and discoveries, net of future costs   3,925    —   
Purchases of reserves-in-place   —      1,037 
Other   262   —   
Standardized measure -- end of year  $4,250   $835