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Supplementary Oil And Natural Gas Disclosures (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Supplementary Oil And Natural Gas Disclosures [Abstract]  
Schedule Of Proved Developed And Undeveloped Oil And Gas Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company's Share of

 

 

Consolidated

 

Equity-Method Investments

 

 

Crude Oil

 

Natural Gas

 

Crude Oil

 

Natural Gas

 

 

(Mbbls)

 

(Mmcf)

 

(Mbbls)

 

(Mmcf)

 

 

 

 

 

 

 

 

 

Proved-developed and undeveloped reserves:

 

 

 

 

 

 

 

 

December 31, 2009

 

 -

 

 -

 

3,242 

 

23,255 

Purchase of reserves in place

 

5,686 

 

4,377 

 

34 

 

Revisions

 

723 

 

1,572 

 

564 

 

692 

Extensions, discoveries and other additions

 

 -

 

 -

 

 -

 

413 

Change in ownership percentage

 

 -

 

 -

 

(32)

 

(1,347)

Production

 

(427)

 

(648)

 

(413)

 

(2,910)

 

 

 

 

 

 

 

 

 

December 31, 2010

 

5,982 

 

5,301 

 

3,395 

 

20,111 

Purchase of reserves in place

 

 -

 

 -

 

958 

 

8,045 

Revisions

 

887 

 

1,338 

 

412 

 

(547)

Extensions, discoveries and other additions

 

 -

 

 -

 

 -

 

 -

Sale of reserves in-place

 

 -

 

 -

 

(1,159)

 

(8,467)

Production

 

(439)

 

(371)

 

(399)

 

(906)

 

 

 

 

 

 

 

 

 

December 31, 2011

 

6,430 

 

6,268 

 

3,207 

 

18,236 

 

 

 

 

 

 

 

 

 

Proved-developed reserves:

 

 

 

 

 

 

 

 

December 31, 2010

 

4,166 

 

3,848 

 

2,972 

 

18,228 

December 31, 2011

 

3,495 

 

3,229 

 

2,606 

 

14,695 

 

 

 

 

 

 

 

 

 

Proved-undeveloped reserves:

 

 

 

 

 

 

 

 

December 31, 2010

 

1,817 

 

1,453 

 

423 

 

1,885 

December 31, 2011

 

2,935 

 

3,039 

 

602 

 

3,542 

 

Cost Incurred In Oil And Gas Property Acquisition, Exploration, And Development Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company's Share of

 

 

Consolidated

 

Equity-Method Investments

 

 

Years Ended December 31,

 

Years Ended December 31,

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Acquisition of properties - proved

 

$                    -

 

$          34,336

 

$          32,586

 

$               629

Acquisition of properties - unproved

 

 -

 

 -

 

 -

 

118 

Exploratory costs

 

 -

 

359 

 

 -

 

 -

Development costs

 

10,560 

 

30 

 

18,367 

 

9,980 

 

 

 

 

 

 

 

 

 

Total costs incurred

 

$          10,560

 

$          34,725

 

$          50,953

 

$          10,727

 

Capitalized Costs Relating To Oil And Gas Producing Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company's Share of

 

 

Consolidated

 

Equity-Method Investments

 

 

Years Ended December 31,

 

Years Ended December 31,

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Unproved oil and gas properties

 

$                   -

 

$                   -

 

$          13,559

 

$          24,097

Proved oil and gas properties

 

44,109 

 

34,336 

 

159,527 

 

144,324 

Accumulated depreciation, depletion and amortization

 

(8,215)

 

(3,038)

 

(52,764)

 

(49,849)

 

 

 

 

 

 

 

 

 

Capitalized costs, net

 

$          35,894

 

$          31,298

 

$        120,322

 

$        118,572

 

Results Of Operations For Oil And Gas Producing Activities

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2011

 

2010

Consolidated Entities

 

 

 

 

Revenues

 

 

 

 

Sales

 

$          54,442

 

$          39,410

 

 

 

 

 

Production costs

 

12,293 

 

9,511 

Exploration expenses

 

 -

 

359 

 

 

 

 

 

Depreciation, depletion and

 

 

 

 

amortization

 

11,928 

 

10,057 

 

 

30,221 

 

19,483 

Income tax expenses

 

10,789 

 

7,014 

 

 

 

 

 

Results of operations from producing

 

 

 

 

activities (excluding corporate overhead)

 

$          19,432

 

$          12,469

 

 

 

 

 

Company's share of equity-method investments

 

 

 

 

Revenues

 

 

 

 

Sales

 

$          53,181

 

$          56,964

 

 

 

 

 

Production costs

 

22,034 

 

23,375 

Exploration expenses

 

 -

 

105 

 

 

 

 

 

Depreciation, depletion and

 

 

 

 

amortization

 

18,449 

 

18,557 

 

 

12,698 

 

14,927 

Income tax expenses

 

4,533 

 

5,373 

 

 

 

 

 

Results of operations from producing

 

 

 

 

activities (excluding corporate overhead)

 

$            8,165

 

$            9,554

 

Standardized Measure Of Discounted Future Cash Flows Relating To Proved Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company's Share of

 

Consolidated

 

Equity-Method Investments

 

2011

 

2010

 

2011

 

2010

Future cash inflows

$         701,170

 

$        486,199

 

$       414,246

 

$       356,126

Future production costs

(126,627)

 

(43,392)

 

(100,848)

 

(83,215)

Future development and abandonment costs

(58,388)

 

(86,125)

 

(67,760)

 

(84,260)

Future income tax expenses

(185,816)

 

(129,262)

 

(73,202)

 

(66,161)

Future net cash flows

330,339 

 

227,420 

 

172,436 

 

122,490 

10% annual discount for estimated timing of

 

 

 

 

 

 

 

cash flows

92,590 

 

57,928 

 

39,704 

 

20,014 

Standardized measure of discounted future

 

 

 

 

 

 

 

net cash flows

$         237,749

 

$        169,492

 

$       132,732

 

$       102,476

 

Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows Applicable To Proved Oil And Natural Gas Reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

Company's Share of Equity-Method Investment

 

 

2011

 

2010

 

2011

 

2010

Beginning of the period

 

$      169,492

 

$                -

 

$     102,476

 

$       64,136

Net change in sales and transfer prices and in

 

 

 

 

 

 

 

 

production (lifting) costs related to future production

 

62,881 

 

102,726 

 

27,944 

 

57,626 

Changes in estimated future development costs

 

8,297 

 

2,950 

 

(8,862)

 

(9,051)

Sales and transfers of oil and gas produced

 

 

 

 

 

 

 

 

during the period

 

(54,057)

 

(29,542)

 

(44,268)

 

(32,370)

Net change due to extensions, discoveries,

 

 

 

 

 

 

 

 

and improved recovery

 

 -

 

 -

 

 -

 

2,781 

Net changes due to purchases and sales of

 

 

 

 

 

 

 

 

minerals in place

 

 -

 

70,993 

 

51,781 

 

(1,912)

Net changes due to revisions in quantity

 

 

 

 

 

 

 

 

estimates

 

57,189 

 

38,206 

 

22,005 

 

16,859 

Previously estimated development costs

 

 

 

 

 

 

 

 

incurred during the period

 

17,980 

 

1,758 

 

13,840 

 

16,570 

Exchange transaction

 

 -

 

 -

 

(23,356)

 

 -

Accretion of discount

 

26,625 

 

16,484 

 

11,179 

 

8,780 

Other-unspecified

 

(12,650)

 

2,338 

 

(2,065)

 

1,496 

Net change in income taxes

 

(38,008)

 

(36,421)

 

(17,942)

 

(22,439)

Aggregate change in the standardized measure

 

 

 

 

 

 

 

 

of discounted future net cash flows for the year

 

68,257 

 

169,492 

 

30,256 

 

38,340 

 

 

 

 

 

 

 

 

 

End of the period

 

$      237,749

 

$     169,492

 

$     132,732

 

$     102,476