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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2012
Asset Retirement Obligations [Abstract]  
Schedule Of Change In Asset Retirement Obligation

 

 

 

 

Year Ended

 

Year Ended

 

 

December 31,

 

December 31,

 

 

2012

 

2011

 

Beginning of period

$

92,561 

 

$

69,230 

 

Assumed in acquisitions

 

14,581 

 

 

 -

 

Revisions to previous estimates (1)

 

17,278 

 

 

18,609 

 

Liabilities incurred

 

1,185 

 

 

377 

 

Liabilities settled

 

(4,262)

 

 

(248)

 

Accretion expense

 

5,648 

 

 

4,593 

 

End of period

$

126,991 

 

$

92,561 

 

Less: Current portion of asset retirement obligations

 

(1,426)

 

 

(348)

 

Asset retirement obligations - non current

$

125,565 

 

$

92,213 

 

 

 

In 2012, we recorded an upward revision to previous estimates for our asset retirement obligations primarily due to changes in the estimated abandonment dates. In 2011, we recorded upward revisions to previous estimates for our asset retirement obligations due to increases in future plugging and abandonment costs and changes to the remaining lives of our wells.