Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
3 Months Ended
Mar. 31, 2013
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The Company provides for income taxes at a statutory rate of 35% adjusted for permanent differences expected to be realized, which primarily relate to statutory depletion and non-deductible executive compensation expenses.   The effective tax rate for the three months ended March 31, 2013 and 2012 was 17% and 28%, respectively.

We have no liability for uncertain tax positions or any accrued interest or penalties as of March 31, 2013.