| Preliminary Estimates Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed |
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November 22, 2016
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(in thousands)
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Assets acquired:
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Wells, platforms and other production facilities
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$
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5,754
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Equipment and other
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684
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Value added tax and other receivables
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297
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Abandonment funding
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546
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Accounts receivable - trade
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888
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Other current assets
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220
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Liabilities assumed:
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Asset retirement obligations
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(1,731)
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Accrued liabilities and other
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(747)
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Total identifiable net assets and consideration transferred
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$
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5,911
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| Summarized Results Of, And Assets And Liabilities Attributable To, Discontinued Operations |
Summarized Results of Discontinued Operations
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Three Months Ended June 30,
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Six Months Ended June 30,
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2017
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2016
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2017
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2016
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(in thousands)
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Operating costs and expenses:
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Depreciation, depletion and amortization
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$
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-
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$
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3
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$
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-
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$
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6
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General and administrative expense
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167
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296
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338
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594
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Bad debt expense (recovery) and other
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-
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-
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-
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(7,628)
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Total operating costs, expenses and (recovery)
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|
167
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299
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338
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(7,028)
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Other operating loss, net
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-
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-
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-
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(21)
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Operating income (loss)
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(167)
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(299)
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(338)
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7,007
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Other income (expense):
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Interest income
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-
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-
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-
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3,201
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Other, net
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(1)
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279
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(3)
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545
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Total other income (expense)
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(1)
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279
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(3)
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3,746
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Income (loss) from discontinued operations before income taxes
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(168)
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(20)
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(341)
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10,753
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Income tax expense
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-
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-
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3
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2,967
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Income (loss) from discontinued operations
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$
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(168)
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$
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(20)
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$
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(344)
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$
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7,786
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Assets and Liabilities Attributable to Discontinued Operations
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June 30, 2017
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December 31, 2016
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(in thousands)
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ASSETS
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Current assets:
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Accounts with partners
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$
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2,578
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$
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2,139
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Total current assets
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2,578
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2,139
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Total assets
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$
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2,578
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$
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2,139
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LIABILITIES
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Current liabilities:
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Accounts payable
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$
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10
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$
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77
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Foreign taxes payable
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-
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3,078
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Accrued liabilities and other
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15,176
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15,297
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Total current liabilities
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15,186
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18,452
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Total liabilities
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$
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15,186
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$
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18,452
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