Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v2.4.0.8
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2013
Reconciliation of Asset Retirement Obligations Liability

The following is a reconciliation of our ARO liability (in thousands):

 

 

  

2013

 

 

2012

 

Asset retirement obligations, beginning of period

  

$

384,053

  

 

$

393,880

  

Liabilities settled

  

 

(81,543

 

 

(112,827

Accretion of discount

  

 

20,918

  

 

 

20,055

  

Disposition of properties

  

 

(19,564

 

 

(3,993

Liabilities assumed through acquisition

  

 

4,233

  

 

 

31,664

  

Liabilities incurred

  

 

1,745

  

 

 

1,815

  

Revisions of estimated liabilities due to Hurricane Ike

  

 

6,801

 

 

 

(20,616

Revisions of estimated liabilities—all other

  

 

37,779

  

 

 

74,075

  

Asset retirement obligations, end of period

  

 

354,422

  

 

 

384,053

  

Less current portion

  

 

77,785

  

 

 

92,630

  

Long-term

  

$

276,637

  

 

$

291,423