ASSET RETIREMENT OBLIGATION

9 Months Ended

Sep. 30, 2013

ASSET RETIREMENT OBLIGATION

ASSET RETIREMENT OBLIGATION

12. ASSET RETIREMENT OBLIGATION

Activity related to the Company’s asset retirement obligation is as follows:

(In thousands)
Balance at December 31, 2012	$	67,016
Liabilities incurred	3,945
Liabilities settled	(800		)
Liabilities divested	(341		)
Accretion expense	2,705
Balance at September 30, 2013	$	72,525

As of September 30, 2013, approximately $2.0 million, which represents the current portion of the Company’s asset retirement obligation, is included in accrued liabilities in the Condensed Consolidated Balance Sheet.