Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2015

Asset Retirement Obligations Tables

Asset Retirement Obligations (ARO)

	2015			2014
Balance, beginning of year	$	749,013		$	682,203
Liabilities incurred upon acquisition of properties		204,493			—
Liabilities settled		(28,684	)		—
Accretion expense		70,375			66,810
Revisions of prior estimates		—			—
Balance, end of year		995,197			749,013
Less current asset retirement obligations		(409,621	)		(191,843	)
Long-term asset retirement obligations	$	585,576		$	557,170