Assets Held For Sale And Discontinued Operations

12 Months Ended

Dec. 31, 2012

Assets Held For Sale And Discontinued Operations [Abstract]

Assets Held For Sale And Discontinued Operations

7. Assets Held For Sale and Discontinued Operations

     Assets held for sale represent the carrying value of the pipeline asset of $1.4 million and $6.9 million as of December 31, 2102 and 2011, respectively. The determination of the pipeline value at December 31, 2012 was based on discussions and negotiations with a third party regarding the sale of the Pipeline asset.

The following table summarizes the amounts in net loss from discontinued operations, net of income tax presented in the consolidated statement of Operations for the years ended December 31, 2012, 2011, and 2010: (in thousands)

	For the Years Ended December 31,
		2012			2011			2010
Revenues	$	30		$	23		$	5
Production costs and taxes		(315	)		(260	)		(167	)
Depreciation, depletion, and amortization		(223	)		(176	)		(421	)
Impairment		(5,242	)		-			(4,957	)
Deferred income tax benefit		1,419			127			1,884
Current income tax benefit		20			-			-
Net loss from discontinued operations, net of income tax	$	(4,311	)	$	(286	)	$	(3,656	)