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Asset Retirement Obligations (Tables)
3 Months Ended
Mar. 31, 2017
Table Text Blocks  
Summary of the Company's ARO

 

 

 

 

 

(in thousands of dollars)

    

 

 

Balance at December 31, 2016

 

$

20,058

 

Liabilities incurred

 

 

413

 

Accretion of ARO liability

 

 

201

 

Liabilities settled due to plugging and abandonment

 

 

(37)

 

Total ARO balance at March 31, 2017

 

 

20,635

 

Less: Current portion of ARO

 

 

(600)

 

Total long-term ARO at March 31, 2017

 

$

20,035