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Asset Retirement Obligations
6 Months Ended
Jun. 30, 2018
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligations

9. ASSET RETIREMENT OBLIGATIONS

 

The changes in asset retirement obligations for the six months ended June 30, 2018 and the year ended December 31, 2017 are as follows:

 

    Six months ended     Year ended  
    June 30, 2018     December 31, 2017  
    (in thousands)  
Balance at beginning of period (including current portion)   $ 18,662     $ 19,108  
Accretion expense     639       1,493  
Adjustment resulting from disposal of property     -       (223 )
Adjustments to the liability from annual recosting and other     -       (1,656 )
Liabilities settled     (158 )     (60 )
Balance at end of period     19,143       18,662  
Less current portion of asset retirement obligation     (498 )     (498 )
Long-term portion of asset retirement obligation   $ 18,645     $ 18,164