Divestitures

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Divestitures

Note 6 — Divestitures

On January 16, 2014, we completed the sale of our interests in the Cut Off and Clovelly fields for cash consideration of approximately $44.8 million and the assumption of the associated asset retirement obligations of approximately $9.2 million. On January 31, 2014, we completed the sale of our interest in the Hatch Point field for cash consideration of approximately $9.7 million and the assumption of the associated asset retirement obligations of approximately $1.2 million. These sales were accounted for as an adjustment to capitalized costs with no gain or loss recognized.