Asset Retirement Obligations |
9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015 | |||||||||||||||||||||||||||||||||||||
Asset Retirement Obligations [Abstract] | |||||||||||||||||||||||||||||||||||||
Asset Retirement Obligations |
Note 9 - Asset Retirement Obligations
The table below summarizes the Company’s asset retirement obligations activity for the nine months ended September 30, 2015:
Certain of the Company’s operating agreements require that assets be restricted for abandonment obligations. Amounts recorded in the consolidated balance sheet at September 30, 2015 as long-term restricted investments were $3,305. These assets, which primarily include short-term U.S. Government securities, 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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