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Impairments
9 Months Ended
Sep. 30, 2013
Fair Value Measurements, Nonrecurring [Abstract]  
Asset Impairment Charges [Text Block]
The following table summarizes impairment charges recorded during the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Oil and gas properties
$
132,224

 
$

 
$
132,224

 
$
28,481

Other - tubular inventory and well materials

 
700

 

 
835

 
$
132,224

 
$
700

 
$
132,224

 
$
29,316



The following table summarizes the aggregate fair values of the assets described below, by asset category and the classification of inputs within the fair value measurement hierarchy, at the respective dates of impairment:
 
Fair Value
 
 
 
 
 
 
 
Measurement
 
Level 1
 
Level 2
 
Level 3
Three and nine months ended September 30, 2013:
 
 
 
 
 
 
 
Long-lived assets held for use
$
93,945

 
$

 
$

 
$
93,945

Nine months ended September 30, 2012:
 
 
 
 
 
 
 
Long-lived assets sold during the year
$
96,099

 
$

 
$

 
$
96,099



In September 2013, we recognized impairments of our assets including the Granite Wash play in the Mid-Continent region for $121.8 million, the Marcellus Shale in Pennsylvania for $9.5 million and the Selma Chalk in Mississippi for $0.9 million, in each case due primarily to market declines in current and expected future commodity prices. In June 2012, we recognized an impairment of our Appalachian assets triggered by the expected disposition of those properties in the third quarter of 2012. We also recognized impairments of certain tubular inventory and well materials in both the three and nine month periods in 2012 triggered primarily by declines in asset quality.