|
Supplemental Information On Oil And Gas Exploration And Production Activities (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Oil and Gas Exploration and Production Industries Disclosures [Abstract] |
|
| Capitalized Costs Related To Oil And Gas Producing Activities |
Capitalized Costs Related to Oil and Gas Producing Activities
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
Proven properties |
$ |
984,795,000 |
|
|
$ |
897,130,000 |
|
Unproven properties |
626,295,000 |
|
|
132,912,000 |
|
|
1,611,090,000 |
|
|
1,030,042,000 |
|
Accumulated depreciation, depletion, amortization and impairment reserve |
(661,442,000 |
) |
|
(571,213,000 |
) |
Net capitalized costs |
$ |
949,648,000 |
|
|
$ |
458,829,000 |
|
|
| Costs Incurred In Oil And Gas Property Acquisition And Development Activities |
Costs Incurred in Oil and Gas Property Acquisition and Development Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
Acquisition |
$ |
513,904,000 |
|
|
$ |
119,522,000 |
|
|
$ |
17,627,000 |
|
Development of proved undeveloped properties |
121,787,000 |
|
|
123,489,000 |
|
|
64,652,000 |
|
Exploratory |
93,397,000 |
|
|
3,994,000 |
|
|
— |
|
Recompletions |
24,643,000 |
|
|
17,259,000 |
|
|
16,917,000 |
|
Capitalized asset retirement obligation |
2,195,000 |
|
|
1,390,000 |
|
|
1,328,000 |
|
Total |
$ |
755,926,000 |
|
|
$ |
265,654,000 |
|
|
$ |
100,524,000 |
|
|
| Results Of Operations For Producing Activities |
The results of operations exclude general office overhead and interest expense attributable to oil and gas production.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
Revenues |
$ |
248,601,000 |
|
|
$ |
228,953,000 |
|
|
$ |
127,636,000 |
|
Production costs |
(53,708,000 |
) |
|
(47,230,000 |
) |
|
(31,580,000 |
) |
Depletion |
(90,230,000 |
) |
|
(61,965,000 |
) |
|
(38,600,000 |
) |
|
104,663,000 |
|
|
119,758,000 |
|
|
57,456,000 |
|
Income tax expense (benefit) |
|
|
|
|
|
Current |
730,000 |
|
|
282,000 |
|
|
40,000 |
|
Deferred |
25,633,000 |
|
|
(372,000 |
) |
|
— |
|
|
26,363,000 |
|
|
(90,000 |
) |
|
40,000 |
|
Results of operations from producing activities |
$ |
78,300,000 |
|
|
$ |
119,848,000 |
|
|
$ |
57,416,000 |
|
Depletion per barrel of oil equivalent (BOE) |
$ |
35.07 |
|
|
$ |
26.56 |
|
|
$ |
19.54 |
|
|
| Oil And Gas Reserves |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
|
Oil |
|
Gas |
|
Oil |
|
Gas |
|
Oil |
|
Gas |
|
(MBbls) |
|
(MMcf) |
|
(MBbls) |
|
(MMcf) |
|
(MBbls) |
|
(MMcf) |
Proved Reserves |
|
|
|
|
|
|
|
|
|
|
|
Beginning of the period |
16,745 |
|
|
15,728 |
|
|
19,704 |
|
|
16,158 |
|
|
17,488 |
|
|
14,332 |
|
Purchases in oil and gas reserves in place |
— |
|
|
— |
|
|
2 |
|
|
19 |
|
|
3,913 |
|
|
3,482 |
|
Extensions and discoveries |
4,880 |
|
|
31,265 |
|
|
3,940 |
|
|
2,091 |
|
|
5,574 |
|
|
5,303 |
|
Sales of oil and gas reserves in place |
(10,604 |
) |
|
(11,757 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Revisions of prior reserve estimates |
(382 |
) |
|
(357 |
) |
|
(4,714 |
) |
|
(1,662 |
) |
|
(5,426 |
) |
|
(6,171 |
) |
Current production |
(2,388 |
) |
|
(1,108 |
) |
|
(2,187 |
) |
|
(878 |
) |
|
(1,845 |
) |
|
(788 |
) |
End of period |
8,251 |
|
|
33,771 |
|
|
16,745 |
|
|
15,728 |
|
|
19,704 |
|
|
16,158 |
|
Proved developed reserves |
5,219 |
|
|
18,482 |
|
|
7,485 |
|
|
6,152 |
|
|
7,230 |
|
|
6,068 |
|
Proved undeveloped reserves |
3,032 |
|
|
15,289 |
|
|
9,260 |
|
|
9,576 |
|
|
12,474 |
|
|
10,090 |
|
|
| Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves (Unaudited) |
Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
2012 |
|
2011 |
|
2010 |
Future cash flows |
$ |
954,833,000 |
|
|
$ |
1,594,050,000 |
|
|
$ |
1,479,295,000 |
|
Future development and abandonment costs |
(159,113,000 |
) |
|
(306,810,000 |
) |
|
(301,651,000 |
) |
Future production costs |
(147,024,000 |
) |
|
(295,383,000 |
) |
|
(305,814,000 |
) |
Future production taxes |
(89,175,000 |
) |
|
(124,739,000 |
) |
|
(136,323,000 |
) |
Future income taxes |
(114,867,000 |
) |
|
(229,649,000 |
) |
|
(159,171,000 |
) |
Future net cash flows |
444,654,000 |
|
|
637,469,000 |
|
|
576,336,000 |
|
10% discount to reflect timing of cash flows |
(96,013,000 |
) |
|
(260,788,000 |
) |
|
(260,849,000 |
) |
Standardized measure of discounted future net cash flows |
$ |
348,641,000 |
|
|
$ |
376,681,000 |
|
|
$ |
315,487,000 |
|
|
| Changes In Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves |
Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
2012 |
|
2011 |
|
2010 |
Sales and transfers of oil and gas produced, net of production costs |
$ |
(194,893,000 |
) |
|
$ |
(181,723,000 |
) |
|
$ |
(96,056,000 |
) |
Net changes in prices, production costs, and development costs |
108,941,000 |
|
|
136,071,000 |
|
|
122,147,000 |
|
Acquisition of oil and gas reserves in place |
— |
|
|
72,000 |
|
|
63,043,000 |
|
Extensions and discoveries |
151,654,000 |
|
|
107,110,000 |
|
|
88,227,000 |
|
Revisions of previous quantity estimates, less related production costs |
(10,504,000 |
) |
|
(112,553,000 |
) |
|
(89,155,000 |
) |
Sales of reserves in place |
(214,867,000 |
) |
|
— |
|
|
— |
|
Accretion of discount |
37,668,000 |
|
|
31,549,000 |
|
|
24,077,000 |
|
Net changes in income taxes |
25,585,000 |
|
|
(36,674,000 |
) |
|
(54,879,000 |
) |
Change in production rates and other |
68,376,000 |
|
|
117,342,000 |
|
|
17,309,000 |
|
Total change in standardized measure of discounted future net cash flows |
$ |
(28,040,000 |
) |
|
$ |
61,194,000 |
|
|
$ |
74,713,000 |
|
|