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Asset Retirement Obligations (Tables)
9 Months Ended
Sep. 30, 2017
Table Text Blocks  
Summary of the Company's ARO

 

 

 

 

 

(in thousands of dollars)

    

 

 

Balance at December 31, 2016

 

$

20,058

 

Liabilities incurred

 

 

698

 

Accretion of ARO liability

 

 

720

 

Liabilities settled due to sale of related properties

 

 

(1,202)

 

Liabilities settled due to plugging and abandonment

 

 

(174)

 

Change in estimate

 

 

(261)

 

Total ARO balance at September 30, 2017

 

 

19,839

 

Less: Current portion of ARO

 

 

(600)

 

Total long-term ARO at September 30, 2017

 

$

19,239