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ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2015
Asset Retirement Obligations  
Change in the carrying amount of the asset retirement obligation

 

 

 

 

 

 

 

(in thousands)

    

2015

    

2014

Asset retirement obligation at January 1,

 

$

173,008

 

$

154,026

Liabilities incurred

 

 

4,114

 

 

13,015

Liability settlements and disposals

 

 

(25,061)

 

 

(27,036)

Accretion expense

 

 

7,682

 

 

7,583

Revisions of estimated liabilities

 

 

4,362

 

 

25,420

Asset retirement obligation at December 31,

 

 

164,105

 

 

173,008

Less current obligation

 

 

10,248

 

 

13,216

Long-term asset retirement obligation

 

$

153,857

 

$

159,792