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Suspended Exploratory Well Costs (Tables)
6 Months Ended
Jun. 30, 2013
Suspended Exploratory Well Costs

 

 

June 30,
2013

 

 

December 31,
2012

 

Balance at beginning of period

$

  57,360

 

 

$

  93,388

 

Additions to capitalized exploratory well costs pending the determination of proved reserves

 

  41,405

 

 

 

  153,250

 

Reclassifications to wells, facilities and equipment based on determination of proved reserves

 

(66,221

)

 

 

(184,298

)

Divested wells

 

 

 

 

(4,980

)

Balance at end of period

 

  32,544

 

 

 

  57,360

 

Less exploratory well costs that have been capitalized for a period of one year or less

 

(12,025

)

 

 

(45,965

)

Capitalized exploratory well costs that have been capitalized for a period greater than
one year

$

  20,519

 

 

$

  11,395

 

Number of projects that have exploratory well costs that have been capitalized for a period greater than one year

 

  8

 

 

 

  5

 

 

Aging of Capitalized Exploratory Well Costs Suspended More Than One Year

 

 

Total

 

  

2013

 

  

2012

 

  

2011

 

  

2010

 

  

2009

 

  

2008

 

Capitalized exploratory well costs that have been capitalized for more than one year

$

  20,519

  

  

$

  3,828

  

  

$

  6,965

  

  

$

  5,247

  

  

$

  72

  

  

$

  2,884

  

  

$

  1,523