Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v2.4.0.8
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2013
Asset Retirement Obligation [Abstract]  
Schedule of Change in Asset Retirement Obligation
The following table summarizes the activity for the Company’s asset retirement obligations:
 
For the Year Ended December 31,
 
2013
 
2012
Asset retirement obligations at beginning of the period
$
13,301

 
$
13,938

Accretion expense
1,785

 
2,253

Liabilities incurred
679

 
205

Liabilities settled
(457
)
 
(1,073
)
Liabilities related to oil and gas properties sold
(4,765
)
 
(877
)
Revisions to estimate
(3,811
)
 
(1,145
)
Asset retirement obligations at end of period
6,732

 
13,301

Less: current asset retirement obligations
(4,120
)
 
(2,336
)
Long-term asset retirement obligations at the end of the period
$
2,612

 
$
10,965