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Suspended Exploratory Well Costs (Tables)
12 Months Ended
Dec. 31, 2015
Extractive Industries [Abstract]  
Suspended Exploratory Well Costs

The following table reflects the changes in capitalized exploratory well costs for the years ended December 31, 2015, 2014 and 2013 (in thousands, except for number of projects):

 

2015

 

2014

 

 

2013

 

Balance at beginning of period

$

2,996

 

$

6,964

 

 

$

57,360

 

Additions to capitalized exploratory well costs pending the determination of proved reserves

 

1,165

 

 

18,747

 

 

 

39,832

 

Reclassifications to wells, facilities and equipment based on determination of proved reserves

 

¾ 

 

 

(15,735

)

 

 

(84,840

)

Capitalized exploratory well costs charged to expense

 

¾ 

 

 

(6,980

)

 

 

(5,388

)

Balance at end of period

 

4,161

 

 

2,996

 

 

 

6,964

 

Less exploratory well costs that have been capitalized for a period of one year or less

 

(1,165)

 

 

(2,996

)

 

 

¾

 

Capitalized exploratory well costs that have been capitalized for a period greater than one year

$

2,996

 

$

¾

 

 

$

6,964

 

Number of projects that have exploratory well costs that have been capitalized for a period greater than one year

 

1

 

 

¾

 

 

 

1

 

 

Aging of Capitalized Exploratory Well Costs Suspended More Than One Year

The following table provides an aging of capitalized exploratory well costs that have been suspended for more than one year as of December 31, 2015 (in thousands):

 

Total

 

2015

 

 

2014

 

Capitalized exploratory well costs that have been suspended for more than one year

$

2,996

 

$

¾

 

 

$

2,996