Oil And Gas Properties (Tables)

9 Months Ended

Sep. 30, 2013

Oil And Gas Properties [Abstract]

Schedule of Results of Discontinued Operations

		Periods Ended September 30,
		Nine Months		Three Months		Nine Months
		2013 (1)		2012		2012
Revenues	$	48,847	$	119,124	$	447,142
Costs:
Production (lifting) costs		16,017		47,364		124,633
Exploration expenses		3,514		623		2,469
Depreciation, depletion, amortization and accretion		1,226		38,697		126,269
Proved property impairment and abandonment		(152)		4,602		11,919
Loss on sale of oil and gas properties		-		-		1,714
Hedge ineffectiveness and non-hedge gain on commodity derivative contracts		-		9,427		1,697
Selling, general and administrative expenses		1,229		3,252		9,535
Net interest expense and other (2)		2,732		6,959		21,209
Total costs		24,566		110,924		299,445
Pretax income from discontinued operations		24,281		8,200		147,697
Income tax provision		8,499		3,697		52,125
Income from operations of discontinued operations		15,782		4,503		95,572
Loss on sale of business, net of tax		(14,709)		-		-
Income from discontinued operations, net of tax	$	1,073	$	4,503	$	95,572

(1) Results for 2013 primarily reflect the operating results from January 1, 2013 through February 6, 2013 when ERT was sold.  There were no material results of operations for our former oil and gas segment subsequent to the sale of ERT.

(2) Net interest expense of $2.7 million for the nine-month period ended September 30, 2013, and $6.9 million and $20.9 million for the three- and nine-month periods ended September 30, 2012, respectively, was allocated to ERT primarily consisting of interest associated with indebtedness directly attributed to the substantial oil and gas acquisition made in 2006.  This includes interest related to debt required to be repaid upon the disposition of ERT.