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Asset Retirement Obligations
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9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 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 nine months ended September 30, 2014:
Certain of the Company’s operating agreements require that assets be restricted for abandonment obligations. Amounts recorded in the consolidated balance sheets as restricted investments were $3,802 at September 30, 2014. 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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