Asset Retirement Obligations

6 Months Ended

Jun. 30, 2016

Asset Retirement Obligation Disclosure [Abstract]

The following table reflects the changes in the Company’s ARO during the six months ended June 30, 2016:



	(In thousands)
Balance at December 31, 2015	$	35,812
Liabilities incurred during period	248
Liabilities settled during period⁽¹⁾	(443		)
Accretion expense during period⁽²⁾	940
Revisions to estimates	571
Balance at June 30, 2016	$	37,128

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(1)	Liabilities settled during the six months ended June 30, 2016 included ARO related to the sold properties (see Note 7 – Divestiture).


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

At June 30, 2016, the current portion of the total ARO balance was approximately $0.7 million and was included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.