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Property And Equipment (Tables)
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9 Months Ended |
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Sep. 30, 2012
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| Property, Plant and Equipment [Abstract] |
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| Schedule Of Property And Equipment |
The major categories of property and equipment and related accumulated depletion, depreciation, amortization and impairment as of September 30, 2012 and December 31, 2011 are as follows:
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September 30, 2012 |
|
December 31, 2011 |
Oil and natural gas properties |
$ |
1,342,715,000 |
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|
$ |
1,035,754,000 |
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Office furniture and fixtures |
4,437,000 |
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|
3,692,000 |
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Building |
3,926,000 |
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|
4,049,000 |
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Land |
260,000 |
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|
283,000 |
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Total property and equipment |
1,351,338,000 |
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|
1,043,778,000 |
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Accumulated depletion, depreciation, amortization and impairment |
(645,560,000 |
) |
|
(575,142,000 |
) |
Property and equipment, net |
$ |
705,778,000 |
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|
$ |
468,636,000 |
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| Summary Of Oil And Gas Properties Not Subject To Amortization |
The following table summarizes the Company’s non-producing properties excluded from amortization by area at September 30, 2012:
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September 30, 2012 |
West Texas Permian |
$ |
14,661,000 |
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Colorado |
5,871,000 |
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Bakken |
300,000 |
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Southern Louisiana |
761,000 |
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Ohio |
207,281,000 |
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Belize |
5,711,000 |
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Other |
45,000 |
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$ |
234,630,000 |
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| Schedule Of Asset Retirement Obligation |
A reconciliation of the asset retirement obligation for the nine months ended September 30, 2012 and 2011 is as follows:
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September 30, 2012 |
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September 30, 2011 |
Asset retirement obligation, beginning of period |
$ |
12,653,000 |
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$ |
10,845,000 |
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Liabilities incurred |
1,711,000 |
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|
939,000 |
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Liabilities settled |
(1,002,000 |
) |
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— |
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Accretion expense |
529,000 |
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|
491,000 |
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Asset retirement obligation as of end of period |
13,891,000 |
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|
12,275,000 |
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Less current portion |
60,000 |
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|
635,000 |
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Asset retirement obligation, long-term |
$ |
13,831,000 |
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$ |
11,640,000 |
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