Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

(5) DISCONTINUED OPERATIONS

The following table represents the components of our Barnett Shale operations as discontinued operations for the three months and the six months ended June 30, 2011 (in thousands).

	Three Months Ended June  30, 2011		Six Months Ended June  30, 2011
Revenues and other income:
Natural gas, NGLs and oil sales	$	12,751	$	57,324
Other		1		10
Gain on the sale of assets		3,820		3,820
Total revenues and other income		16,572		61,154
Costs and expenses:
Direct operating		2,169		10,446
Transportation, gathering and compression		1,974		4,290
Production and ad valorem taxes		184		1,250
Exploration expense		5		37
Interest expense (a)		3,715		14,791
Depletion, depreciation and amortization		14		8,894
Total costs and expenses		8,061		39,708
Income before income taxes		8,511		21,446
Income tax expense
Current		—		—
Deferred		2,994		7,531
		2,994		7,531
Net income from discontinued operations	$	5,517	$	13,915

^(a) Interest expense is allocated to discontinued operations based on the ratio of net assets of discontinued operations to our consolidated net assets plus long-term debt.

The carrying values of our Barnett operations were included in discontinued operations in the accompanying consolidated balance sheets, which is comprised of the following (in thousands):

	December 31, 2011
Composition of liabilities of discontinued operations:
Accrued liabilities	$	653
Total current liabilities of discontinued operations	$	653