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Asset Retirement Obligations

3 Months Ended

Mar. 31, 2013

9. Asset Retirement Obligations

The following table summarizes the changes in the Company’s asset retirement obligations:

	March 31,
	2013
	(In thousands)
Asset retirement obligations:
Beginning asset retirement obligations	$	27,484
Liabilities incurred during period	1,676
Revisions in estimated retirement obligations	—
Liabilities settled during period	—
Accretion expense	797
Ending asset retirement obligations	$	29,957

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

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