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Other Information
9 Months Ended
Sep. 30, 2014
OTHER INFORMATION  
OTHER INFORMATION

NOTE 3.OTHER INFORMATION

 

Other current assets include amounts due from joint interest partners of approximately $137 million and $97 million at September 30, 2014 and December 31, 2013, respectively. Other long-term liabilities include asset retirement obligations of $380 million and $388 million at September 30, 2014 and December 31, 2013, respectively.

 

Other revenue and other expenses mainly comprise third party sales and the associated costs, respectively, of the portion of electricity generated by our power plant that is sold to third parties.

 

Acquisitions

 

In the third quarter of 2014, we entered into an agreement with a third-party seller to purchase oil and gas properties in the Ventura Basin for approximately $200 million. The acquisition closed during the fourth quarter of 2014.