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Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Changes in Asset Retirement Obligations

As of June 30, 2017, and December 31, 2016, our ARO were reported as “Asset retirement obligations” in our unaudited condensed consolidated balance sheets. Changes in our ARO for the periods indicated are presented in the following table:

 

 

 

Six Months Ended

 

 

Year Ended

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

(in thousands)

 

Asset retirement obligations - beginning of period

 

$

11,331

 

 

$

12,679

 

Liabilities incurred for new wells and interest

 

 

636

 

 

 

747

 

Liabilities settled upon plugging and abandoning wells

 

 

(17

)

 

 

 

Liabilities removed upon sale of wells

 

 

 

 

 

(2,827

)

Revision of estimates

 

 

(75

)

 

 

155

 

Accretion expense

 

 

244

 

 

 

577

 

Asset retirement obligations - end of period

 

$

12,119

 

 

$

11,331