Asset Retirement Obligations

3 Months Ended

Mar. 31, 2014

Asset Retirement Obligation Disclosure [Abstract]

The following table reflects the changes in the Company’s ARO during the three months ended March 31, 2014:



	(In thousands)
Balance at December 31, 2013	$	36,458
Liabilities incurred during period	1,401
Liabilities settled during period⁽¹⁾	(1,974		)
Accretion expense during period⁽²⁾	445
Balance at March 31, 2014	$	36,330

___________________


(1)	Liabilities settled during period represents ARO related to the properties sold in the Sanish Divestiture.


(2)	Included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statement of Operations.

At March 31, 2014, the current portion of the total ARO balance was approximately $0.5 million and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.