Gathering and transportation. Gathering and transportation costs in 2012 decreased $2.2 million (8%) to $26.3 million as compared to $28.5 million in 2011 due to the lower natural gas volumes that we produced in North Louisiana in 2012. Lease operating expenses. Our lease operating expenses, including ad valorem taxes, of $51.2 million in 2012 were $4.6 million or 10% higher than our operating expenses of $46.6 million in 2011. Our lease operating expense per Mcfe produced increased by 15% to $0.55 per Mcfe in 2012 as compared to $0.48 per Mcfe in 2011. The increase mainly reflects our growing oil production. Our oil wells are typically more costly to operate than our natural gas wells. Oil production comprised 12% of our total production in 2012 as compared to 5% in 2011. Exploration expense. We incurred $61.4 million in exploration expense in 2012 as compared to $10.1 million in 2011. Exploration expense in 2012 consisted of $61.3 million of impairments of unevaluated leasehold costs and $0.1 million for the acquisition of seismic data. Our 2011 exploration cost consisted of $9.8 million of impairments of unevaluated leasehold costs and $0.3 million for the acquisition of seismic data. DD&A. DD&A of $343.9 million was an increase of $53.1 million (18%) over DD&A of $290.8 million in 2011. Our DD&A rate per Mcfe produced averaged $3.76 in 2012 as compared to $3.00 for 2011. The increase in DD&A primarily resulted from increased development costs per Mcfe associated with the oil wells drilled in 2012, and the substantial decline in our proved natural gas reserves due to the low natural gas prices in 2012. General and administrative expenses. General and administrative expense of $33.8 million for 2012 was 4% lower than general and administrative expense of $35.2 million for 2011. The decrease primarily reflects lower stock based compensation in 2012. Stock based compensation decreased by $1.3 million to $13.7 million in 2012 as compared to $15.0 million in 2011. Impairment of oil and gas properties. We recorded impairments to our oil and gas properties of $25.4 million and $60.8 million in 2012 and 2011, respectively. These impairments relate to fields where an impairment was indicated based on estimated future cash flows from the properties. Interest expense. Interest expense increased $16.3 million (39%) to $57.9 million in 2012 from interest expense of $41.6 million in 2011. The increase was primarily related to the increase in outstanding debt during 2012 including the issuance of $300.0 million in senior notes in June 2012. Average borrowings under our bank credit facility increased to $482.7 million in 2012 as compared to $121.4 million for 2011. The average interest rate on the outstanding borrowings under our credit facility of 3.0% in 2012 was higher than the interest rate of 2.2% in 2011. We capitalized interest of $20.9 million and $13.2 million in 2012 and 2011, respectively, which amounts reduced interest expense. Interest expense allocated to discontinued operations was $16.3 million in 2012, of which $9.6 million was capitalized. No interest was allocated to discontinued operations in 2011. Derivative financial instruments. We utilize oil price swaps to manage our exposure to commodity prices and protect returns on investment from our drilling activities. We had gains on derivative financial instruments of $21.3 million and cash receipts on derivative financial instruments of $9.8 million in 2012. 51