XML 37 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Property and Equipment      
Proved oil and gas properties $ 5,201,142   $ 5,058,524
Unproved oil and gas properties 94,223   92,579
Furniture, fixtures, and other equipment 41,907   41,690
Less - Accumulated depreciation, depletion, and amortization (2,908,302)   (2,847,773)
Property and Equipment, Net 2,428,970   2,345,020
Accounts Payable and Accrued Liabilities      
Trade accounts payable 23,073 [1]   31,128 [1]
Accrued operating expenses 20,401   14,647
Accrued payroll costs 6,842   12,297
Asset retirement obligation - current portion 8,779   7,134
Accrued taxes 7,285   5,373
Other payables 3,276   4,799
Total accounts payable and accrued liabilities 69,656   75,378
Roll-forward of our asset retirement obligation      
Asset Retirement Obligation recorded as of January 1 86,777    
Revisions in estimates 71    
Accretion expense 1,775 1,112  
Liabilities incurred for new wells and facilities construction 563    
Reductions due to sold and abandoned wells (884)    
Asset Retirement Obligation $ 88,302    
[1] Included in “trade accounts payable” are liabilities of approximately $11.3 million and $13.3 million at March 31, 2013 and December 31, 2012, respectively, for outstanding checks.