DISPOSITIONS	3 Months Ended
Mar. 31, 2013
DISPOSITIONS	(4) DISPOSITIONS 2013 Dispositions In December 2012, we announced our plan to offer for sale certain of our Delaware and Permian Basin properties in southeast New Mexico and West Texas. The data room opened in early January 2013, and on February 26, 2013, we announced we signed a definitive agreement to sell these assets for a price of $275.0 million, subject to normal post-closing adjustments. We closed this disposition on April 1 and estimate that we will recognize a gain of approximately $84.0 million in second quarter 2013 related to this sale. In first quarter 2013, we received a deposit of $27.5 million related to this sale, which is reflected as a reduction of assets held for sale. Also in first quarter 2013, we received $10.0 million of proceeds from the sale of miscellaneous oil and gas property in Pennsylvania. 2012 Dispositions In March 2012, we sold seventy-five percent of a prospect in East Texas which included unproved properties and a suspended exploratory well to a third party for $8.6 million resulting in a pre-tax loss of $10.9 million. As part of this agreement, we retained a carried interest on the first well drilled and an overriding royalty of 2.5% to 5.0% in the prospect.

(4) DISPOSITIONS

2013 Dispositions

In December 2012, we announced our plan to offer for sale certain of our Delaware and Permian Basin properties in southeast New Mexico and West Texas. The data room opened in early January 2013, and on February 26, 2013, we announced we signed a definitive agreement to sell these assets for a price of $275.0 million, subject to normal post-closing adjustments. We closed this disposition on April 1 and estimate that we will recognize a gain of approximately $84.0 million in second quarter 2013 related to this sale. In first quarter 2013, we received a deposit of $27.5 million related to this sale, which is reflected as a reduction of assets held for sale. Also in first quarter 2013, we received $10.0 million of proceeds from the sale of miscellaneous oil and gas property in Pennsylvania.

2012 Dispositions

In March 2012, we sold seventy-five percent of a prospect in East Texas which included unproved properties and a suspended exploratory well to a third party for $8.6 million resulting in a pre-tax loss of $10.9 million. As part of this agreement, we retained a carried interest on the first well drilled and an overriding royalty of 2.5% to 5.0% in the prospect.