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Asset Retirement Obligation (Tables)
3 Months Ended
Mar. 31, 2013
Changes to Company's Asset Retirement Obligations

The following table describes the changes to the Company’s asset retirement obligations during the three months ended March 31, 2013 and 2012 (in thousands):

 

     Three Months Ended
March  31,
 
     2013     2012  

Balance at beginning of year

   $ 4,422      $ 3,455   

Liabilities incurred

     71        106   

Liabilities settled

     (13     (68

Accretion expense

     41        37   

Revision in estimated costs of plugging oil and natural gas wells

     —          550   
  

 

 

   

 

 

 

Asset retirement obligation at end of period

   $ 4,521      $ 4,080