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Suspended Well Costs (Tables)
12 Months Ended
Dec. 31, 2015
Suspended Well Costs  
Schedule of capitalized exploratory well costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

    

 

2015

 

2014

 

2013

 

 

 

 

(In thousands)

 

Beginning balance 

 

 

$

226,714

 

$

376,166

 

$

372,492

 

Additions to capitalized exploratory well costs pending the determination of proved reserves 

 

 

 

223,542

 

 

71,039

 

 

32,804

 

Reclassification due to determination of proved reserves 

 

 

 

 —

 

 

(220,491)

 

 

 —

 

Capitalized exploratory well costs charged to expense 

 

 

 

(23,375)

 

 

 —

 

 

(29,130)

 

Ending balance 

 

 

$

426,881

 

$

226,714

 

$

376,166

 

 

Schedule of aging of capitalized exploratory well costs and number of projects for which exploratory well costs were capitalized for more than one year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

    

 

2015

    

2014

    

2013

    

 

 

 

(In thousands, except well counts)

 

Exploratory well costs capitalized for a period of one year or less

 

 

$

199,486

 

$

16,814

 

$

11,426

 

Exploratory well costs capitalized for a period of one to two years

 

 

 

17,702

 

 

40,865

 

 

229,140

 

Exploratory well costs capitalized for a period of three to six years

 

 

 

209,693

 

 

169,035

 

 

135,600

 

Ending balance

 

 

$

426,881

 

$

226,714

 

$

376,166

 

Number of projects that have exploratory well costs that have been capitalized for a period greater than one year

 

 

 

3

 

 

5

 

 

8