Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations (Tables)

v2.4.0.8
Asset Retirement Obligations (Tables)
 6 Months Ended
Jun. 30, 2013
Reconciliation of Asset Retirement Obligations Liability

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

 

Balance, December 31, 2012

$

  384,053

 

Liabilities settled

 

(32,886

)

Accretion of discount

 

  10,924

 

Liabilities incurred

 

  372

 

Revisions of estimated liabilities due to Hurricane Ike

 

  4,160

 

Revisions of estimated liabilities – all other (1)

 

  17,982

 

Balance, June 30, 2013

 

  384,605

 

Less current portion

 

  74,687

 

Long-term

$

  309,918

 

 

 

(1) Revisions are primarily due to increases in the scope of work at several offshore locations required by the Bureau of Safety and Environmental Enforcement.