Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations (Tables)

v2.4.0.8
Asset Retirement Obligations (Tables)
9 Months Ended
Sep. 30, 2013
Reconciliation of Asset Retirement Obligations Liability

A summary of the changes to our ARO is as follows (in thousands):

 

Balance, December 31, 2012

$

  384,053

 

Liabilities settled

 

(59,188

)

Accretion of discount

 

  16,236

 

Disposition of properties

 

(19,564

)

Liabilities incurred

 

  372

 

Revisions of estimated liabilities due to Hurricane Ike (1)

 

  5,526

 

Revisions of estimated liabilities – all other (1)

 

  34,672

 

Balance, September 30, 2013

 

  362,107

 

Less current portion

 

  95,014

 

Long-term

$

  267,093

 

 

 

(1) Revisions are primarily due to increases in the scope of work at several offshore locations required by the Bureau of Safety and Environmental Enforcement (“BSEE”).