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Asset Retirement Obligation (Tables)
9 Months Ended
Sep. 30, 2013
Changes to Company's Asset Retirement Obligations

The following table describes the changes to the Company’s asset retirement obligations during the nine months ended September 30, 2013 and 2012 (in thousands):

 

     Nine Months Ended
September 30,
 
     2013     2012  

Balance at beginning of year

   $ 4,422      $ 3,455   

Liabilities incurred

     276        288   

Liabilities settled

     (119     (106

Accretion expense

     124        121   

Revision in estimated costs of plugging oil and natural gas wells

     —          536   
  

 

 

   

 

 

 

Asset retirement obligation at end of period

   $ 4,703      $ 4,294