Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations (Tables)

v3.7.0.1
Asset Retirement Obligations (Tables)
3 Months Ended
Mar. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Summary of Changes to Asset Retirement Obligation

A summary of the changes to our ARO is as follows (in thousands):  

 

Balance, December 31, 2016

$

334,438

 

Liabilities settled

 

(14,499

)

Accretion of discount

 

4,201

 

Revisions of estimated liabilities (1)

 

2,660

 

Balance, March 31, 2017

 

326,800

 

Less current portion

 

66,150

 

Long-term

$

260,650

 

 

 

(1)

Revisions were primarily related to changes in scope of work at both our West Cameron fields and Eugene Island fields.