Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations

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Asset Retirement Obligations
3 Months Ended
Mar. 31, 2017
Asset Retirement Obligations  
Asset Retirement Obligations

(6)Asset Retirement Obligations

 

The following is a reconciliation of the Company’s asset retirement obligations for the three months ended March 31, 2017 (in thousands):

 

 

 

 

 

Asset retirement obligations—December 31, 2016

 

$

32,736

 

Obligations incurred for wells drilled and producing properties acquired

 

 

1,310

 

Accretion expense

 

 

637

 

Asset retirement obligations—March 31, 2017

 

$

34,683

 

 

Asset retirement obligations are included in other liabilities on the Company’s condensed consolidated balance sheets.