ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 3 — ACCOUNTS RECEIVABLE:

In our capacity as operator for our co-venturers, we incur drilling and other costs that we bill to the respective parties based on their working interests. We also receive payments for these billings and, in some cases, for billings in advance of incurring costs. Our accounts receivable are comprised of the following amounts:

	As of December 31,
	2013		2012
Other co-venturers	$	13,904	$	16,735
Trade		134,622		130,448
Unbilled accounts receivable		22,001		20,053
Other		1,444		52
Total accounts receivable	$	171,971	$	167,288