Quarterly report pursuant to Section 13 or 15(d)

Acquisitions And Dispositions (Tables)

v3.7.0.1
Acquisitions And Dispositions (Tables)
 3 Months Ended
Mar. 31, 2017
Acquisitions And Dispositions [Abstract]  
Preliminary Estimates Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed



 

 



 

November 22, 2016



 

(in thousands)

Assets acquired:

 

 

Wells, platforms and other production facilities

$

 5,754 

Equipment and other

 

 684 

Value added tax and other receivables

 

 297 

Abandonment funding

 

 546 

Accounts receivable - trade

 

 888 

Other current assets

 

 220 

Liabilities assumed:

 

 

Asset retirement obligations

 

 (1,731)

Accrued liabilities and other

 

 (747)

Total identifiable net assets and consideration transferred

$

 5,911 



Summarized Results Of, And Assets And Liabilities Attributable To, Discontinued Operations

Summarized Results of Discontinued Operations





 

 

 

 

 

 



 

Three Months Ended March 31,



 

2017

 

2016



 

(in thousands)

Operating costs and expenses:

 

 

 

 

 

 

General and administrative expense

 

$

 171 

 

$

 298 

Bad debt expense (recovery) and other

 

 

 -

 

 

 (7,625)

Total operating costs and expenses

 

 

 171 

 

 

 (7,327)

Other operating loss, net

 

 

 -

 

 

 (21)

Operating income (loss)

 

 

 (171)

 

 

 7,306 

Other income (expense):

 

 

 

 

 

 

Interest income

 

 

 -

 

 

 3,201 

Other, net

 

 

 (2)

 

 

 266 

Total other income (expense)

 

 

 (2)

 

 

 3,467 

Income (loss) from discontinued operations before income taxes

 

 

 (173)

 

 

 10,773 

Income tax expense

 

 

 3 

 

 

 2,967 

Income (loss) from discontinued operations

 

$

 (176)

 

$

 7,806 



Assets and Liabilities Attributable to Discontinued Operations





 

 

 

 

 

 



 

March 31, 2017

 

December 31, 2016



 

(in thousands)

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Accounts with partners

 

$

 2,415 

 

$

 2,139 

Total current assets

 

 

 2,415 

 

 

 2,139 

Total assets

 

$

 2,415 

 

$

 2,139 



 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Accounts payable

 

$

 64 

 

$

 77 

Foreign taxes payable

 

 

 3,081 

 

 

 3,078 

Accrued liabilities and other

 

 

 15,175 

 

 

 15,297 

Total current liabilities

 

$

 18,320 

 

$

 18,452