XML 24 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2012
Commitments and Contingencies  
Schedule of contractual obligations for drilling contracts, long-term operating leases, seismic contracts and other

At September 30, 2012, contractual obligations for drilling contracts, long-term operating leases, seismic contracts and other are as follows (in thousands):

 

 

 

Total

 

2012
(remainder)

 

2013

 

2014

 

2015

 

2016 and
beyond

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drilling contracts

 

$

3,284

 

3,284

 

—

 

—

 

—

 

—

 

Non-cancellable office lease commitments (1)

 

$

8,107

 

305

 

1,418

 

1,439

 

1,459

 

3,486

 

Seismic contracts

 

$

3,174

 

2,674

 

500

 

—

 

—

 

—

 

Other

 

$

668

 

668

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net minimum commitments

 

$

15,233

 

$

6,931

 

$

1,918

 

$

1,439

 

$

1,459

 

$

3,486

 

 

(1)         On June 4, 2012, the Company executed an amendment to its office space lease agreement for relocation to a new floor within its current office building. Under the terms of the amendment, the Company’s obligation for its existing premises on two floors will terminate and rental obligations for the new floor will begin upon substantial completion of the build out work (which is projected to be late in the fourth quarter of 2012) and when the Company takes possession of the new premises.