Assets Held for Sale, Divestitures and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table presents condensed consolidated balance sheet data related to net assets held for sale:

Condensed consolidated balance sheet	As of September 30, 2014		As of December 31, 2013
	(in thousands)
Assets
Current assets
Cash and cash equivalents	$	496	$	601
Other current assets	4,879		7,060
Assets held for sale - current	5,375		7,661
Non-current assets
Properties and equipment, net	169,672		171,592
Other assets	7,022		6,892
Assets held for sale - non-current	176,694		178,484
Liabilities
Liabilities held for sale - current	3,070		12,069
Non-current liabilities
Long-term debt	59,750		52,000
Asset retirement obligation	273		2,234
Other liabilities	1,520		1,681
Liabilities held for sale - non-current	61,543		55,915
Net Assets	$	117,456	$	118,161

The following table presents condensed consolidated statement of operations data related to our discontinued operations:

	Three Months Ended September 30,						Nine Months Ended September 30,
Condensed consolidated statements of operations - discontinued operations	2014			2013			2014			2013
	(in thousands)
Revenues
Crude oil, natural gas and NGLs sales	$	5,411		$	4,738		$	24,149		$	32,525
Sales from natural gas marketing	—			1,789			—			2,825
Commodity price risk management gain (loss), net	1,929			500			(1,085		)	806
Well operations, pipeline income and other	—			36			48			918
Total revenues	7,340			7,063			23,112			37,074
Costs, expenses and other
Production costs	1,020			2,039			7,120			13,375
Cost of natural gas marketing	—			1,679			—			2,673
Impairment of crude oil and natural gas properties	273			236			433			642
Depreciation, depletion and amortization	1,272			3,913			9,128			11,001
Other	1,061			1,299			3,445			6,092
(Gain) loss on sale of properties and equipment	(1		)	642			(193		)	1,702
Total costs, expenses and other	3,625			9,808			19,933			35,485
Interest expense	(709		)	(552		)	(2,222		)	(1,072		)
Interest income	62			—			194			—
Income (loss) from discontinued operations	3,068			(3,297		)	1,151			517
Provision for income taxes	(3,148		)	1,204			(759		)	(108		)
Income (loss) from discontinued operations, net of tax	$	(80	)	$	(2,093	)	$	392		$	409

The following table presents supplemental cash flows information related to our 50% ownership interest in PDCM, which is classified as discontinued operations:

	Nine Months Ended September 30,
Supplemental cash flows information - discontinued operations	2014			2013
	(in thousands)
Cash flows from investing activities:
Capital expenditures	$	(17,253	)	$	(29,793	)
Significant non-cash investing items:
Change in accounts payable related to purchases of properties and equipment	(5,727		)	4,834