Accrued Liabilities

12 Months Ended

Dec. 31, 2013

The Company’s accrued liabilities consist of the following:



	December 31,
	2013		2012
	(In thousands)
Accrued capital costs	$	199,085	$	167,246
Accrued lease operating expenses	18,660		9,786
Accrued general and administrative expenses	14,203		7,703
Other accrued liabilities	9,882		5,128
Total accrued liabilities	$	241,830	$	189,863

Accrued liabilities represent the Company’s estimated current payment obligations for materials and services provided by its vendors, for which invoices have not yet been received or fully processed. Invoices that have been fully processed, but not yet paid, are recorded as accounts payable.

In addition, the Company had revenue suspense of $79.7 million, production taxes payable of $22.3 million and royalties payable of $44.7 million included in revenues and production taxes payable on the Consolidated Balance Sheet for the year ended December 31, 2013. For the year ended December 31, 2012, the Company had revenue suspense of $30.0 million, production taxes payable of $11.6 million and royalties payable of $27.8 million included in revenues and production taxes payable on the Consolidated Balance Sheet. Revenue suspense represents proceeds from the sale of oil and natural gas production that have been processed by the Company on behalf of third parties, which cannot be disbursed to such third parties until certain issues are resolved, such as title issues or missing contact information.