Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Mar. 31, 2012

Equity Method Investment, Summarized Financial Information [Abstract]

Our investments in unconsolidated affiliates consisted of the following:



	March 31,		December 31,
(in thousands)	2012		2011
Medusa Spar LLC	$	46,507	$	49,480
Other	132		127
	$	46,639	$	49,607

Condensed Statement Of Income For Interest In Oil Platform

As we are not the primary beneficiary, we are accounting for our investment in Medusa Spar LLC under the equity method of accounting. The following are condensed 100% statements of operations of Medusa Spar LLC. Our 50% share of the underlying equity of the net assets of Medusa Spar LLC is approximately equal to its carrying value.



	Three Months Ended March 31,
(in thousands)	2012			2011
Medusa Spar LLC
Condensed Statements of Operations
Revenue	$	4,023		$	3,354
Depreciation	(2,369		)	(2,369		)
General and Administrative	(19		)	(18		)
Net Income	$	1,635		$	967

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References+ Details