Properties and Equipment

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTIES AND EQUIPMENT

The following table presents the components of properties and equipment, net of depreciation and assets held-for-sale:



	June 30, 2012			December 31, 2011
	(in thousands)
Properties and equipment, net:
Natural gas and crude oil properties
Proved	$	1,931,754		$	1,694,694
Unproved	331,729			102,466
Total natural gas and crude oil properties	2,263,483			1,797,160
Pipelines and related facilities	42,237			40,721
Transportation and other equipment	33,224			32,475
Land and buildings	14,954			14,572
Construction in progress	52,476			69,633
Gross properties and equipment	2,406,374			1,954,561
Accumulated depreciation, depletion and amortization	(725,963		)	(652,845		)
Properties and equipment, net	$	1,680,411		$	1,301,716

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details