Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations

v3.5.0.2
Asset Retirement Obligations
6 Months Ended
Jun. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligations
Asset Retirement Obligations

The following table is a reconciliation of the ARO liability as of and for the six months ended June 30, 2016 and the twelve months ended December 31, 2015.
 
 
June 30,
2016
 
December 31, 2015
Asset retirement obligation at beginning of period
$
109,171

 
$
44,214

Liabilities incurred on properties acquired and developed

 
2,506

Revisions to previous estimates

 
60,832

Liabilities on properties sold or settled
(27,850
)
 
(3,721
)
Accretion expense
1,597

 
5,340

Asset retirement obligation at end of period
$
82,918

 
$
109,171