XML 34 R70.htm IDEA: XBRL DOCUMENT v2.4.0.8
Variable Interest Entities - Royalty Trusts - Assets and Liabilities Included in Consolidated Balance Sheets (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Variable Interest Entity [Line Items]        
Cash and cash equivalents $ 814,663,000 $ 309,766,000 $ 207,681,000 $ 5,863,000
Accounts receivable 349,218,000 445,506,000    
Derivative contracts 12,779,000 71,022,000    
Total current assets 1,241,823,000 1,142,885,000    
Investment in royalty interests(2) 11,504,422,000 13,128,784,000 9,658,689,000  
Less: accumulated depletion (5,762,969,000) (5,231,182,000) (4,791,534,000)  
Investment in royalty interests, net 5,741,453,000 7,897,602,000 4,867,155,000  
Derivative contracts 14,126,000 23,617,000    
Accounts payable and accrued expenses 812,488,000 766,544,000    
Royalty Trusts
        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 7,912,000 [1] 7,445,000 [1]    
Accounts receivable 22,540,000 28,596,000    
Derivative contracts 4,983,000 10,286,000    
Total current assets 35,435,000 46,327,000    
Investment in royalty interests(2) 1,325,942,000 [2] 1,325,942,000 [2]    
Less: accumulated depletion (186,095,000) (103,746,000)    
Investment in royalty interests, net 1,139,847,000 1,222,196,000    
Derivative contracts 1,476,000 7,660,000    
Total assets 1,176,758,000 1,276,183,000    
Accounts payable and accrued expenses 3,393,000 1,101,000    
Total liabilities $ 3,393,000 $ 1,101,000    
[1] Includes $3.0 million held by the trustee at December 31, 2013 and 2012 as reserves for future general and administrative expenses.
[2] Investment in royalty interests is included in oil and natural gas properties in the accompanying consolidated balance sheets, and was determined by allocating the historical net book value of the Company’s full cost pool based on the fair value of each Royalty Trust’s royalty interests relative to the fair value of the Company’s full cost pool at the time of conveyance.