Assets Held For Sale And Discontinued Operations

9 Months Ended

Sep. 30, 2013

Assets Held For Sale And Discontinued Operations [Abstract]

Assets Held For Sale And Discontinued Operations

10) Assets Held For Sale and Discontinued Operations

     Assets held for sale represent the carrying value of the pipeline asset of $1.4 million as of December 31, 2102. Since the sale closed on August 16, 2013, no value is included at September 30, 2013. The determination of the pipeline value was based on discussions and negotiations with a third party regarding the sale of the Pipeline asset.

     The following table summarizes the amounts included in "(Loss) from discontinued operations, net of income tax benefit" presented in the Company's Condensed Consolidated Statements of Operations for the three months and nine months ended September 30, 2013 and 2012: (in thousands)

		For the three months ended						For the nine months ended
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Revenues	$	5		$	7		$	22		$	19
Production costs and taxes		(25	)		(62	)		(164	)		(228	)
Depreciation, depletion, and		-			(44	)		-			(132	)
amortization
Gain on sale of assets		128			-			128			-
Income tax benefit (expense)		(162	)		39			(114	)		135
Income (loss) from discontinued	$	(54	)	$	(60	)	$	(128	)	$	(206	)
operations, net of income tax benefit