Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

Components Of Discontinued Operations

	Year Ended December 31,
	2011			2010			2009
	(in thousands)
Revenues and other income:
Oil and gas	$	100,275		$	236,343		$	221,279
Interest and other (a)		6,193			49,076			120,062
Gain on disposition of assets, net (b)		645,241			36			17,491
		751,709			285,455			358,832
Costs and expenses:
Oil and gas production		5,519			14,754			39,621
Production and ad valorem taxes		—			—			(27	)
Depletion, depreciation and amortization (b)		41,916			98,495			91,273
Exploration and abandonments (b)		4,268			15,908			19,240
General and administrative		10,286			5,697			9,647
Accretion of discount on asset retirement obligations (b)		2,686			2,923			3,517
Interest		773			—			8
Other		5,159			13,898			10,310
		70,607			151,675			173,589
Income from discontinued operations before income taxes		681,102			133,780			185,243
Income tax benefit (provision):
Current		(43,897	)		(25,486	)		(20,057	)
Deferred (b)		(214,053	)		25,756			(65,470	)
Income from discontinued operations	$	423,152		$	134,050		$	99,716

(a) Primarily comprised of (i) $119.3 million receivable from the BOEMRE recorded in the fourth quarter of 2009 for the recovery of excess royalties paid by the Company on qualifying deepwater leases in the Gulf of Mexico, (ii) $35.3 million of associated interest on the aforementioned excess royalty payments received from BOEMRE during the second quarter of 2010, (iii) $2.8 million of legal settlements paid to the Company during the third quarter of 2010 on Gulf of Mexico discontinued operations sold during 2006, (iv) $2.1 million of Canadian sales tax refunds paid to the Company during the second quarter of 2010 attributable Canadian discontinued operations sold during 2007, (v) $3.8 million of Argentine value added tax contingency charge reversals recorded during 2010 on Argentine discontinued operations sold during 2006, (vi) $2.0 million of interest received during the first quarter of 2011 associated with the 2010 recovery of excess royalties paid by the Company on qualifying deepwater leases in the Gulf of Mexico and (vii) $2.8 million of interest income associated with Pioneer Tunisia operations recorded during the first quarter of 2011.

(b) Represents the significant noncash components of discontinued operations.

Composition Of Assets And Liabilities Included In Discontinued Operations Held For Sale

	December 31,
	2011		2010
Composition of assets included in discontinued operations held for sale:
Current assets (excluding cash and cash equivalents)	$	10,465	$	43,500
Property, plant and equipment		53,025		184,357
Deferred tax assets		9,816		14,731
Other assets, net		43		39,153
Total assets	$	73,349	$	281,741

Composition of liabilities included in discontinued operations held for sale:
Current liabilities	$	11,689	$	30,148
Deferred tax liabilities		—		72,663
Deferred revenue		34,320		—
Other liabilities		29,892		5,781
Total liabilities	$	75,901	$	108,592