SUSPENDED EXPLORATORY WELL COSTS (Tables)

9 Months Ended

Sep. 30, 2012

The following table reflects the changes in capitalized exploratory well costs for the nine months ended September 30, 2012 and the year ended December 31, 2011 (in thousands except for number of projects):


	September 30,			December 31,
	2012			2011
Balance at beginning of period	$	93,388		$	23,908
Additions to capitalized exploratory well costs pending the determination of proved reserves		186,087			86,996
Reclassifications to wells, facilities and equipment based on determination of proved reserves		(178,422	)		(17,516	)
Divested wells		(4,980	)		—

Balance at end of period		96,073			93,388
Less exploratory well costs that have been capitalized for a period of one year or less		(74,269	)		(83,860	)

Capitalized exploratory well costs that have been capitalized for a period greater than one year	$	21,804		$	9,528


Number of projects that have exploratory well costs that have been capitalized for a period greater than one year		8			3

Aging of Capitalized Exploratory Well Costs Suspended more than One Year

see Note 4. The following table provides an aging of capitalized exploratory well costs that have been suspended for more than one year as of September 30, 2012 (in thousands):


	Total		2012		2011		2010		2009		2008

Capitalized exploratory well costs that have been capitalized for more than one year	$	21,804	$	7,019	$	10,306	$	72	$	2,884	$	1,523

- Definition

Tabular disclosure of the amount of exploratory well costs that have been capitalized after the completion of drilling and the number of projects for which those costs relate. Additionally, for exploratory well costs that have been capitalized for periods greater than one year at the most recent balance sheet date, this block of text may be used to disclose an aging of those amounts by year, or by using a range of years, and the number of projects to which those costs relate.

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