XML 84 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions

Note 12 — Related Party Transactions 

 

Our Chief Executive Officer, Owen Kratz, through Class A limited partnership interests in OKCD Investments, Ltd. (“OKCD”), personally owns approximately 85% of the partnership.  OKCD receives a royalty from ERT, which was a wholly owned subsidiary of Helix until ERT was sold in February 2013.    Payments to OKCD during the period in which Helix owned ERT totaled $0.6 million,  $6.9 million and $8.3 million in the years ended December 31, 2013,  2012 and 2011, respectively.

 

A former member of our Board of Directors is part of the senior management team of Weatherford International, Ltd (Weatherford).  This individual resigned from our Board of Directors in May 2011.  We paid Weatherford, an oil and gas industry company,  $3.6 million for services provided to us in 2011.