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Asset Retirement Obligation (Tables)
12 Months Ended
Dec. 31, 2011
Changes to the Company's Asset Retirement Obligations

The following table describes the changes to the Company’s asset retirement obligations during 2011 and 2010 (in thousands):

 

     2011     2010  

Balance at beginning of year

   $ 3,063      $ 2,955   

Liabilities incurred

     361        335   

Liabilities settled

     (110     (339

Accretion expense

     143        112   

Revision in estimated costs of plugging oil and natural gas wells

     (2       
  

 

 

   

 

 

 

Asset retirement obligation at end of year

   $ 3,455      $ 3,063