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Commitments (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases

The Company has several non-cancelable operating leases, primarily for rental of office space, that have a term of more than one year. The future minimum lease payments for the operating leases at December 31, 2017 are as follows.

 

(Thousands of dollars)

   Operating
Leases
 

2018

   $ 486  

2019

     172  
  

 

 

 

Total minimum payments

   $ 658  
  

 

 

 
Reconciliation of Liability for Plugging and Abandonment Costs

A reconciliation of the liability for plugging and abandonment costs for the years ended December 31, 2017 and 2016 is as follows:

 

     Year Ended December 31,  

(Thousands of dollars)

       2017              2016      

Asset retirement obligation at beginning of period

   $ 17,505      $ 11,737  

Liabilities incurred

     45        68  

Liabilities settled

     (676      (288

Accretion expense

     768        498  

Revisions in estimated liabilities

     5,936        5,490  
  

 

 

    

 

 

 

Asset retirement obligation at end of period

   $ 23,578      $ 17,505