Asset Retirement Obligation

3 Months Ended

Mar. 31, 2015

Asset Retirement Obligation [Abstract]

(7) Asset Retirement Obligation

Our asset retirement obligations represent the estimated present value of the amount we will incur to plug, abandon, and remediate our producing properties at the end of their productive lives in accordance with applicable laws. The following table summarizes the Companys Asset Retirement Obligation transactions for the three months ended March 31, 2015 (in thousands):


Balance December 31, 2014	$	2,008

Accretion expense		31
Liabilities incurred		-
Liabilities settled		(12	)

Balance March 31, 2015	$	2,027