XML 47 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Properties and Equipment (Tables)
9 Months Ended
Sep. 30, 2014
Oil and Gas Property [Abstract]  
Property, Plant and Equipment
The following table presents the components of properties and equipment, net of accumulated depreciation, depletion and amortization ("DD&A"):

 
September 30, 2014
 
December 31, 2013
 
(in thousands)
Properties and equipment, net:
 
 
 
Crude oil and natural gas properties
 
 
 
Proved
$
1,976,930

 
$
1,677,271

Unproved
288,208

 
253,464

Total crude oil and natural gas properties
2,265,138

 
1,930,735

Equipment and other
30,428

 
28,832

Land and buildings
12,668

 
13,434

Construction in progress
146,324

 
41,180

Properties and equipment, at cost
2,454,558

 
2,014,181

Accumulated DD&A
(670,761
)
 
(529,543
)
Properties and equipment, net
$
1,783,797

 
$
1,484,638

 
 
 
 
Impairment of natural gas and crude oil properties [Table Text Block]
The following table presents impairment charges recorded for crude oil and natural gas properties:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
Continuing operations:
 
 
 
 
 
 
 
Impairment of proved properties
$
—

 
$
3,750

 
$
—

 
$
48,750

Impairment of individually significant unproved properties
—

 
—

 
—

 
517

Amortization of individually insignificant unproved properties
1,085

 
486

 
2,843

 
2,527

Other
778

 
—

 
778

 
—

Total continuing operations
1,863

 
4,236

 
3,621

 
51,794

Discontinued operations:
 
 
 
 
 
 
 
Impairment of individually significant unproved properties
—

 
154

 
—

 
462

Amortization of individually insignificant unproved properties
274

 
82

 
433

 
180

Total discontinued operations
274

 
236

 
433

 
642

Total impairment of crude oil and natural gas properties
$
2,137

 
$
4,472

 
$
4,054

 
$
52,436