Balance, December 31, 2013

$

354,422

Liabilities settled

(42,011

)

Accretion of discount

15,312

Liabilities assumed through acquisition (1)

21,820

Liabilities incurred

943

Revisions of estimated liabilities (2)

53,516

Balance, September 30, 2014

404,002

Less current portion

115,722

Long-term

$

288,280

(1)  Primarily attributable to the Woodside Properties acquisition and increased interest in Fairway.

(2) Revisions were primarily attributable to increases at various non-operated properties, revised regulations from the Bureau of Safety and Environmental Enforcement (“BSEE”) and better defined scope of work on certain wells and platforms.