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Disclosures About Oil and Gas Producing Activities (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Oil And Gas Exploration And Production Industries Disclosures [Abstract]  
Analyses of changes in proven reserves
United States
OilNatural Gas
(MBbls)(MMcf)
Reserves, December 31, 2010 31,684 4,200,155
Extensions, discoveries and additions 7,425 1,452,122
Production (1,408) (236,832)
Revisions (4,620) (636,891)
Reserves, December 31, 2011 33,081 4,778,554
Extensions, discoveries and additions 5,435 819,896
Production (1,282) (249,310)
Revisions (19,097) (2,382,695)
Reserves, December 31, 2012 18,137 2,966,445
Extensions, discoveries and additions 11,329 1,409,528
Acquistions 10,114 -
Production (1,196) (224,912)
Revisions (4,265) (741,319)
Reserves, December 31, 2013 34,119 3,409,742
United States
OilNatural Gas
(MBbls)(MMcf)
Proved:
Developed 11,013 1,678,697
Undeveloped 20,671 2,521,458
Total Proved - 2010 31,684 4,200,155
Developed 11,794 1,973,391
Undeveloped 21,287 2,805,163
Total Proved - 2011 33,081 4,778,554
Developed 10,531 1,820,994
Undeveloped 7,606 1,145,451
Total Proved - 2012 18,137 2,966,445
Developed 20,566 1,777,267
Undeveloped 13,553 1,632,475
Total Proved - 2013 34,119 3,409,742
Standardized measure
As of December 31,
201320122011
Future cash inflows$ 14,861,131$ 9,380,970$ 22,196,913
Future production costs (4,540,209) (3,217,771) (6,113,282)
Future development costs (2,014,751) (1,661,394) (4,294,375)
Future income taxes (1,897,340) (733,855) (3,340,516)
Future net cash flows 6,408,831 3,767,950 8,448,740
Discount at 10% (3,220,862) (1,873,633) (4,652,684)
Standardized measure of discounted
future net cash flows$ 3,187,969$ 1,894,317$ 3,796,056
Summary of changes in the standardized measure of discounted future net cash flows
December 31,
201320122011
Standardized measure, beginning$ 1,894,317$ 3,796,056$ 3,525,568
Net revisions of previous quantity estimates (1,089,316) (2,516,159) (964,987)
Extensions, discoveries and other changes 2,098,644 858,951 2,173,103
Acquisition of reserves 86,196 - -
Changes in future development costs (252,992) 952,067 (741,658)
Sales of oil and gas, net of production costs (720,826) (625,745) (896,434)
Net change in prices and production costs 1,204,041 (2,912,698) 108,108
Development costs incurred during the
period that reduce future development costs 171,149 316,394 464,880
Accretion of discount 226,326 529,696 499,358
Net changes in production rates and other 145,289 363,788 (338,982)
Net change in income taxes (574,859) 1,131,967 (32,900)
Aggregate changes 1,293,652 (1,901,739) 270,488
Standardized measure, ending$ 3,187,969$ 1,894,317$ 3,796,056
Costs incurred in oil and gas exploration and development activities
Years Ended December 31,
201320122011
United States
Property Acquisitions:
Unproved$ 424,540$ 47,979$ 91,983
Proved224,410 - -
Exploration* 184,007 199,569 746,085
Development 186,755 587,618 675,718
Total$ 1,019,712$ 835,166$ 1,513,786
* Exploration costs (as defined in Regulation S-X) includes costs spent on development of unproved reserves in the Pinedale Field.
Results of operations for oil and gas producing activities
F. RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES:
Years Ended December 31,
201320122011
United States
Oil and gas revenue$ 933,404$ 809,974$ 1,101,796
Production expenses (212,578) (184,229) (205,363)
Depletion and depreciation (243,390) (388,985) (346,394)
Ceiling test and other impairments - (2,972,464) -
Income taxes (2,821) 662,698 (197,464)
Total$ 474,615$ (2,073,006)$ 352,575
Capitalized Costs Relating to Oil and Gas Producing Activities
December 31,December 31,
20132012
Proven Properties:
Acquisition, equipment, exploration, drilling and environmental costs(3)$ 7,817,374$ 7,235,765
Less: Accumulated depletion, depreciation and amortization(1) (5,808,836) (5,578,265)
2,008,538 1,657,500
Unproven Properties:
Acquisition and exploration costs not being amortized (2), (3) 413,073 -
Net capitalized costs - oil and gas properties$ 2,421,611$ 1,657,500
G. CAPITALIZED COSTS RELATING TO OIL AND GAS PRODUCING ACTIVITIES:
December 31,
20132012
Proven Properties:
Acquisition, equipment, exploration, drilling and
environmental costs$ 7,817,374$ 7,235,765
Less: accumulated depletion, depreciation and amortization (5,808,836) (5,578,265)
2,008,538 1,657,500
Unproven Properties:
Acquisition and exploration costs not being amortized 413,073 -
$ 2,421,611$ 1,657,500