XML 30 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900

Asset Retirement Obligation

12 Months Ended

Dec. 31, 2015

Asset Retirement Obligation [Abstract]

Asset Retirement Obligation

11. Asset Retirement Obligation

Our asset retirement obligations represent the estimated present value of the amount we will incur to plug, abandon and remediate our producing properties at the end of their productive lives in accordance with applicable laws. The following table summarizes the Company’s Asset Retirement Obligation transactions for the years ended December 31, 2014 and 2015 (in thousands):

Balance December 31, 2013		$	1,780
Accretion expense			114
Liabilities incurred			46
Liabilities settled			(70)
Revision in estimated liabilities			138
Balance December 31, 2014		$	2,008
Accretion expense			126
Liabilities incurred			—
Liabilities settled			(24)
Revisions in estimated liabilities			112
Balance December 31, 2015		$	2,222

The revisions in estimated liabilities in 2015 and 2014 resulted primarily from change in timing of wells to be plugged.

X

- References

No definition available.

+ Details

Name:	us-gaap_AssetRetirementObligationDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849

+ Details

Name:	us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration