Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations (Tables)

v2.4.0.8
Asset Retirement Obligations (Tables)
3 Months Ended
Mar. 31, 2014
Reconciliation of Asset Retirement Obligations Liability

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

 

Balance, December 31, 2013

$

354,422

 

Liabilities settled

 

(16,342

)

Accretion of discount

 

4,983

 

Liabilities incurred

 

4,277

 

Revisions of estimated liabilities (1)

 

7,059

 

Balance, March 31, 2014

 

354,399

 

Less current portion

 

68,679

 

Long-term

$

285,720

 

 

 

(1) Revisions were primarily due to increased estimates related to work requiring coiled tubing at two locations and removal of a platform at one location.