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ASSET RETIREMENT OBLIGATIONS (Tables)
 3 Months Ended
Mar. 31, 2013
Asset Retirement Obligations

 

 

 

 

Three Months
Ended
March 31,
2013

 

 

Beginning of period

$  146,478

Liabilities incurred

1,690

Liabilities settled

(96)

Disposition of wells

(2,816)

Accretion expense

2,717

Change in estimate

-

 

 

End of period

147,973

Less current portion             

(2,366)

 

 

Long-term asset retirement obligations

$  145,607