XML 94 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Suspended Exploratory Well Costs | 6 Months Ended
--- | ---
Jun. 30, 2013
Suspended Exploratory Well Costs | (7) SUSPENDED EXPLORATORY WELL COSTS We capitalize exploratory well costs until a determination is made that the well has either found proved reserves or that it is impaired. Capitalized exploratory well costs are presented in natural gas and oil properties in the accompanying consolidated balance sheets. If an exploratory well is determined to be impaired, the well costs are charged to exploration expense in the accompanying consolidated statements of operations. The following table reflects the changes i n capitalized exploratory well costs for the six months ended June 30, 2013 and the year ended December 31, 2012 (in thousands except for number of projects):
| June 30, 2013 |  |  | December 31, 2012 |
--- | --- | --- | --- | --- | ---
Balance at beginning of period | $ |  | 57,360 |  |  | $ |  | 93,388 |
Additions to capitalized exploratory well costs pending the determination of proved reserves |  | 41,405 |  |  |  | 153,250 |
Reclassifications to wells, facilities and equipment based on determination of proved reserves |  | (66,221 | ) |  |  | (184,298 | )
Divested wells |  | — |  |  |  | (4,980 | )
Balance at end of period |  | 32,544 |  |  |  | 57,360 |
Less exploratory well costs that have been capitalized for a period of one year or less |  | (12,025 | ) |  |  | (45,965 | )
Capitalized exploratory well costs that have been capitalized for a period greater than one year | $ |  | 20,519 |  |  | $ |  | 11,395 |
Number of projects that have exploratory well costs that have been capitalized for a period greater than one year |  | 8 |  |  |  | 5 |
As of June 30, 2013, $20.5 million of capitalized exploratory well costs have been capitalized for more than one year with five of the wells waiting on pipelines and three of the wells currently in the completion stage. Four of the wells are not operated by us and seven of the wells are i n Pennsylvania. In first six months 2012, we sold a seventy-five percent interest in an East Texas exploratory well. Refer to Note 4 for additional information. The following table provides an aging of capitaliz ed exploratory well costs that have been suspended for more than one year as of June 30, 2013 (in thousands):
| Total |  |  | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Capitalized exploratory well costs that have been capitalized for more than one year | $ |  | 2 0,519 |  |  | $ |  | 3,828 |  |  | $ |  |  | 6,96 5 |  |  | $ |  |  | 5,247 |  |  | $ |  |  | 72 |  |  | $ |  |  | 2,884 |  |  | $ |  |  | 1,523 |

X
- Definition The entire disclosure for parts or all of the information related to suspended well costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=8451039&loc=d3e61939-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS19-1 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_SuspendedWellCostsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration