Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2016

Asset Retirement Obligation Disclosure [Abstract]

Schedule Of Asset Retirement Obligations

The following table shows certain information about our AROs for the periods indicated:

	Nine Months Ended
	September 30,
	2016			2015
	(In thousands)
ARO liability, January 1:	$	98,297		$	100,567
Accretion of discount	2,147			2,599
Liability incurred	311			6,505
Liability settled	(874		)	(1,933		)
Liability sold (1)	(10,758		)	(249		)
Revision of estimates (2)	(18,102		)	(12,881		)
ARO liability, September 30:	71,021			94,608
Less current portion	3,498			3,481
Total long-term ARO	$	67,523		$	91,127

_______________________ 

(1) We sold our interest in approximately 1,270 non-core wells to unaffiliated third-parties during the first nine months of 2016.

(2) Plugging liability estimates were revised in both 2016 and 2015 for updates in the cost of services used to plug wells over the preceding year. We had various upward and downward adjustments.