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Asset Retirement Obligations
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3 Months Ended | ||||||||||||||||||||||||||||||||||||
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Mar. 31, 2014
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| Asset Retirement Obligation [Abstract] | |||||||||||||||||||||||||||||||||||||
| Asset Retirement Obligations |
Note 8 - Asset Retirement Obligations
The table below summarizes the Company’s asset retirement obligations activity for the three months ended March 31, 2014:
Certain of the Company’s operating agreements require that assets be restricted for abandonment obligations. Amounts recorded on the consolidated balance sheets as restricted investments were $3,806 at March 31, 2014 and December 31, 2013. These investments include primarily U.S. Government securities, and are held in abandonment trusts dedicated to pay future abandonment costs for several of the Company’s oil and natural gas properties.
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