INCOME TAXES Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The table below presents the components of our provision for income taxes from continuing operations for the years presented:



	Year Ended December 31,
	2013		2012			2011
	(in thousands)
Current:
Federal	$	1,355	$	—		$	2,594
State	199		(199		)	750
Total current income taxes	1,554		(199		)	3,344
Deferred:
Federal	11,145		12,133			(13,309		)
State	2,098		767			(1,835		)
Total deferred income taxes	13,243		12,900			(15,144		)
Income tax benefit (expense) from continuing operations	$	14,797	$	12,701		$	(11,800	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table presents a reconciliation of the statutory rate to the effective tax rate related to our provision for income taxes from continuing operations:



	Year Ended December, 31,
	2013		2012		2011

Statutory tax rate	35.0	%	35.0	%	35.0	%
State income tax, net	3.3		1.0		2.0
Percentage depletion	1.8		1.9		(2.5	)
Non-deductible compensation	(3.4	)	(0.5	)	—
Non-deductible meals and entertainment	(0.5	)	(0.5	)	0.3
State deferred rate change	—		—		1.3
Unrecognized tax benefits	(0.1	)	—		(2.6	)
Federal return examination adjustments	—		—		0.4
Return to provision adjustments	(0.5	)	—		0.3
Other	0.3		—		0.1
Effective tax rate	35.9	%	36.9	%	34.3	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2013 and 2012 are presented below:



	As of December 31,
	2013		2012
	(in thousands)
Deferred tax assets:
Net change in fair value of unsettled derivatives	$	6,205	$	—
Deferred compensation	8,507		7,216
Asset retirement obligations	11,630		10,325
State NOL and tax credit carryforwards, net	5,182		6,117
Percentage depletion - carryforward	4,570		4,702
Alternative minimum tax - credit carryforward	3,165		2,351
Federal NOL carryforward	4,601		21,281
Other	6,229		2,276
Deferred tax assets	50,089		54,268

Deferred tax liabilities:
Properties and equipment	120,746		122,742
Investment in PDCM	21,962		31,445
Net change in fair value of unsettled derivatives	—		7,163
Convertible debt	3,774		5,194
Total gross deferred tax liabilities	146,482		166,544
Net deferred tax liability	$	96,393	$	112,276

Classification in the consolidated balance sheets:
Deferred income tax assets	$	22,374	$	36,151
Deferred income tax liability	118,767		148,427
Net deferred tax liability	$	96,393	$	112,276