Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | ||
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Jun. 30, 2012
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Jun. 30, 2011
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Dec. 31, 2011
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Deferred tax asset: | |||
Federal net operating loss carryforward | $ 88,987 | $ 86,551 | |
Statutory depletion carryforward | 7,600 | 7,032 | |
Alternative minimum tax credit carryforward | 208 | 208 | |
Asset retirement obligations | 3,496 | 3,552 | |
Other | 7,064 | 9,182 | |
Deferred tax asset before valuation allowance | 107,355 | 106,525 | |
Less: Valuation allowance | 0 | 0 | |
Total deferred tax asset | 107,355 | 106,525 | |
Deferred tax liability: | |||
Crude oil and natural gas properties | 41,325 | 38,534 | |
Acquired assets (see Note 9) | 2,065 | 2,248 | |
Total deferred tax liability | 43,390 | 40,782 | |
Net deferred tax asset | $ 63,965 | $ 65,743 | |
Effective tax rate (as a percent) | 30.00% | 0.00% |
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- Definition
Deferred Tax Assets, Statutory Depletion Carryforward No definition available.
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- Definition
Deferred Tax Liabilities, Acquired Assets No definition available.
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- Definition
Amount before allocation of valuation allowances of deferred tax liability to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible alternative minimum tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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