Asset Retirement Obligations

9 Months Ended

Sep. 30, 2017

Asset Retirement Obligations

Asset Retirement Obligations

(6)Asset Retirement Obligations

The following is a reconciliation of the Company’s asset retirement obligations for the nine months ended September 30, 2017 (in thousands):

Asset retirement obligations—December 31, 2016	$	32,736
Obligations settled		(21)
Obligations incurred for wells drilled and producing properties acquired		3,399
Accretion expense		1,944
Asset retirement obligations—September 30, 2017	$	38,058

Asset retirement obligations are included in Other liabilities on the Company’s condensed consolidated balance sheets.