Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Fair Value of Assets Acquired and Liabilities Assumed in Transaction

We are in the process of identifying and determining the fair value of the assets acquired and liabilities assumed as part of the Conger Exchange. The following table presents a preliminary estimate of the fair value of assets acquired and liabilities assumed in the transaction, pending final closing adjustments (in thousands):

	Conger Exchange
Consideration
Fair value of net assets transferred	$	550,273
Fair value of assets acquired and liabilities assumed
Cash	$	145,000
Working capital – Nora Gathering, LLC		14,244
Natural gas and oil properties		407,255
Transportation and field assets		7,793
Other liabilities-firm transportation contract		(12,092	)
Asset retirement obligations		(11,927	)
Fair value of net assets acquired and liabilities assumed	$	550,273