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BUSINESS SEGMENTS
 6 Months Ended
Jun. 30, 2011
BUSINESS SEGMENTS [Abstract]  
Segment Reporting Disclosure [Text Block]
BUSINESS SEGMENTS


We separate our operating activities into two segments: natural gas and crude oil sales and natural gas marketing. All material inter-company accounts and transactions between segments have been eliminated.
    
The following tables present our segment information.


 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2011
 
2010
 
2011
 
2010
 
(in thousands)
Revenues:
 
 
 
 
 
 
 
Natural gas and crude oil sales
$
94,533


 
$
63,138


 
$
136,406


 
$
166,773


Natural gas marketing
18,897


 
12,588


 
34,099


 
35,275


Unallocated
—


 
(3
)
 
—


 
—


Total
$
113,430


 
$
75,723


 
$
170,505


 
$
202,048


 
 
 
 
 
 
 
 
Segment income (loss) before income taxes:
 
 
 
 
 
 
 
Natural gas and crude oil sales
$
41,235


 
$
17,206


 
$
28,325


 
$
72,860


Natural gas marketing
690


 
373


 
899


 
730


Unallocated
(29,344
)
 
(18,239
)
 
(53,034
)
 
(37,574
)
Total
$
12,581


 
$
(660
)
 
$
(23,810
)
 
$
36,016


 
 
 
 
 
 
 
 


 
June 30, 2011
 
December 31, 2010
 
(in thousands)
Segment assets:
 
 
 
Natural gas and crude oil sales
$
1,376,711


 
$
1,313,805


Natural gas marketing
12,688


 
16,338


Unallocated
54,286


 
53,701


Assets held for sale
—


 
5,191


Total
$
1,443,685


 
$
1,389,035