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ASSET RETIREMENT OBLIGATION (Tables)
 12 Months Ended
Dec. 31, 2017
ASSET RETIREMENT OBLIGATION  
Reconciliation of the Asset Retirement Obligation

 

 

 

 

 

 

 

 

 

December 31, 

 

 

2017

    

2016

Asset retirement obligation, beginning of period

 

$

945,419

 

$

34,776

Liabilities settled (1)

 

 

(50,163)

 

 

1,990

Liabilities incurred

 

 

91,999

 

 

878,170

Revisions in estimated liabilities

 

 

36,507

 

 

 —

Accretion

 

 

99,682

 

 

30,483

Asset retirement obligation, end of period

 

$

1,123,444

 

$

945,419

                 _________________________

(1)

 Reflects liabilities settled through plugging and abandonment activities and divestitures of properties.