Sales of Assets	3 Months Ended
Mar. 31, 2014
Sale Of Assets [Abstract]
Sale of Assets	Sales of Assets In March 2014, we closed a transaction to sell our interests in selected wells and leases in Wilson, Brazos, La Salle, Frio and Robertson Counties, Texas for $71 million, subject to customary closing adjustments, with $6.8 million being held in escrow pending resolution of certain title requirements. If the title requirements are not satisfied, waived or extended, some or all of the retained proceeds may be returned to the buyer. To the extent we are able to satisfy any of the title requirements, we may recognize additional net proceeds from the sale in future periods. Net proceeds from the sale were used to repay the outstanding balance on our revolving credit facility and to fund a portion of our planned capital expenditures for 2014. In February 2014, our wholly owned subsidiary, Southwest Royalties, Inc. (“SWR”), sold a property in Ward County, Texas for $5.1 million, subject to customary closing adjustments. In April 2013, we closed a transaction to monetize a substantial portion of our Andrews County Wolfberry oil and gas reserves, leasehold interests and facilities (the “Assets”). At closing, we contributed 5% of the Assets to a newly formed limited partnership in exchange for a 5% general partner interest, and a unit of GE Energy Financial Services contributed cash of $215.2 million to the limited partnership in exchange for a 95% limited partnership interest. The limited partnership then purchased 95% of the Assets from us for $215.2 million, subject to customary closing adjustments. Upon the attainment by the limited partner of predetermined rates of return, our general partner interest in the partnership may increase. In April 2013, we sold a 75% interest in our rights to the base of the Delaware formation in approximately 12,000 net undeveloped acres in Loving County, Texas to a third party for $6.8 million. In December 2013, we sold our remaining interest in the same acreage for $34.5 million, subject to customary closing adjustments. The proceeds from these sales were used to repay a portion of our outstanding balance on our revolving credit facility.

Sales of Assets

In March 2014, we closed a transaction to sell our interests in selected wells and leases in Wilson, Brazos, La Salle, Frio and Robertson Counties, Texas for $71 million, subject to customary closing adjustments, with $6.8 million being held in escrow pending resolution of certain title requirements. If the title requirements are not satisfied, waived or extended, some or all of the retained proceeds may be returned to the buyer. To the extent we are able to satisfy any of the title requirements, we may recognize additional net proceeds from the sale in future periods. Net proceeds from the sale were used to repay the outstanding balance on our revolving credit facility and to fund a portion of our planned capital expenditures for 2014.

In February 2014, our wholly owned subsidiary, Southwest Royalties, Inc. (“SWR”), sold a property in Ward County, Texas for $5.1 million, subject to customary closing adjustments.

In April 2013, we closed a transaction to monetize a substantial portion of our Andrews County Wolfberry oil and gas reserves, leasehold interests and facilities (the “Assets”). At closing, we contributed 5% of the Assets to a newly formed limited partnership in exchange for a 5% general partner interest, and a unit of GE Energy Financial Services contributed cash of $215.2 million to the limited partnership in exchange for a 95% limited partnership interest. The limited partnership then purchased 95% of the Assets from us for $215.2 million, subject to customary closing adjustments. Upon the attainment by the limited partner of predetermined rates of return, our general partner interest in the partnership may increase.

In April 2013, we sold a 75% interest in our rights to the base of the Delaware formation in approximately 12,000 net undeveloped acres in Loving County, Texas to a third party for $6.8 million. In December 2013, we sold our remaining interest in the same acreage for $34.5 million, subject to customary closing adjustments. The proceeds from these sales were used to repay a portion of our outstanding balance on our revolving credit facility.