XML 22 R55.htm IDEA: XBRL DOCUMENT v2.4.0.6
Oil and Gas Properties (Income (Loss) From Discontinued Operations) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Exploration expense                 $ 3,295 $ 10,914 $ 8,276
Income (loss) from discontinued operations, net of tax (71,888) [1] 4,503 [1] 42,216 [1] 48,853 [1] (734) 30,017 30,766 35,172 23,684 95,221 (106,657)
Helix [Member]
                     
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Income (loss) from discontinued operations, net of tax                 (1,621)    
Energy Resource Technology GOM, Inc [Member]
                     
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Revenues                 557,231 696,607 425,369
Production (lifting) costs                 164,663 176,269 131,156
Hurricane repair expense                 662 (4,838) 4,699
Exploration expense                 3,295 [2] 10,914 [2] 8,276 [2]
Depreciation, depletion, amortization and accretion                 158,284 219,915 235,243
Proved property impairment charges and other                 151,045 [3] 113,439 [3] 177,138 [3]
(Gain) loss on sale of oil and gas properties                 1,714 (4,531) (287)
(Gain) loss on oil and gas derivative contracts                 (5,550)   (1,088)
Selling and administrative expense                 17,823 12,951 15,966
Interest expense, net and other                 28,191 [4] 25,558 [4] 19,687 [4]
Total costs                 520,127 549,677 590,790
Pretax income (loss) from discontinued operations                 37,104 146,930 (165,421)
DiscontinuedOperationTaxEffectOfDiscontinuedOperation                 13,420 51,709 (58,764)
Income (loss) from discontinued operations, net of tax                 $ 23,684 $ 95,221 $ (106,657)
[1] Our net loss in the fourth quarter of 2012 includes a $138.6 million impairment charge associated with the sale of ERT (Note 3).
[2] See “Exploration and Other” below for additional information related to the components of our exploration costs, including impairment charges for expiring unproved leases.
[3] Includes $138.6 million recorded to reduce our carrying value of ERT to its estimated fair value less costs to sell.
[4] Net interest expense of $27.7 million, $25.2 million and $19.7 million for the years ended December 31, 2012, 2011 and 2010, respectively, was allocated to ERT primarily based on interest associated with indebtedness directly attributed to the substantial acquisition made by our oil and gas subsidiary in 2006. This includes interest related to debt required to be paid upon the disposition of ERT.