Quarterly report pursuant to Section 13 or 15(d)

Acquisitions And Dispositions (Tables)

v3.8.0.1
Acquisitions And Dispositions (Tables)
9 Months Ended
Sep. 30, 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 

Prepayments and other

 

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 September 30,

 

Nine Months Ended September 30,



 

2017

 

2016

 

2017

 

2016



 

(in thousands)

Operating costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Exploration expense

 

$

 —

 

$

15,269 

 

$

 —

 

$

15,270 

Depreciation, depletion and amortization

 

 

 —

 

 

 

 

 —

 

 

General and administrative expense

 

 

174 

 

 

400 

 

 

512 

 

 

994 

Bad debt recovery and other

 

 

 —

 

 

 —

 

 

 —

 

 

(7,629)

Total operating costs, expenses and (recovery)

 

 

174 

 

 

15,672 

 

 

512 

 

 

8,644 

Other operating loss, net

 

 

 —

 

 

(7)

 

 

 —

 

 

(28)

Operating loss

 

 

(174)

 

 

(15,679)

 

 

(512)

 

 

(8,672)

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

 —

 

 

 —

 

 

 —

 

 

3,201 

Other, net

 

 

 —

 

 

 

 

(3)

 

 

551 

Total other income (expense)

 

 

 —

 

 

 

 

(3)

 

 

3,752 

Loss from discontinued operations before income taxes

 

 

(174)

 

 

(15,673)

 

 

(515)

 

 

(4,920)

Income tax expense

 

 

 —

 

 

110 

 

 

 

 

3,077 

Loss from discontinued operations

 

$

(174)

 

$

(15,783)

 

$

(518)

 

$

(7,997)



Assets and Liabilities Attributable to Discontinued Operations





 

 

 

 

 

 



 

September 30, 2017

 

December 31, 2016



 

(in thousands)

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Accounts with partners

 

$

2,773 

 

$

2,139 

Total current assets

 

 

2,773 

 

 

2,139 

Total assets

 

$

2,773 

 

$

2,139 



 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Accounts payable

 

$

215 

 

$

77 

Foreign taxes payable

 

 

 —

 

 

3,078 

Accrued liabilities and other

 

 

15,185 

 

 

15,297 

Total current liabilities

 

 

15,400 

 

 

18,452 

Total liabilities

 

$

15,400 

 

$

18,452