Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v2.4.1.9
Property And Equipment (Tables)
 3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Schedule Of Property And Equipment
The major categories of property and equipment and related accumulated depletion, depreciation, amortization and impairment as of March 31, 2015 and December 31, 2014 are as follows:
 
 
March 31, 2015
 
December 31, 2014
 
(In thousands)
Oil and natural gas properties
$
4,177,962

 
$
3,923,154

Office furniture and fixtures
11,133

 
10,752

Building
5,724

 
5,398

Land
2,194

 
2,194

Total property and equipment
4,197,013

 
3,941,498

Accumulated depletion, depreciation, amortization and impairment
(1,140,168
)
 
(1,050,879
)
Property and equipment, net
$
3,056,845

 
$
2,890,619

Summary Of Oil And Gas Properties Not Subject To Amortization
The following table summarizes the Company’s non-producing properties excluded from amortization by area at March 31, 2015:
 
March 31, 2015
 
(In thousands)
Colorado
$
5,088

Bakken
96

Southern Louisiana
283

Ohio
1,541,292

Other
45

 
$
1,546,804

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the three months ended March 31, 2015 and 2014 is as follows:
 
 
 
March 31, 2015
 
March 31, 2014
 
(In thousands)
Asset retirement obligation, beginning of period
$
17,938

 
$
15,083

Liabilities incurred
1,584

 
1,869

Liabilities settled
(981
)
 
(1,695
)
Accretion expense
190

 
188

Asset retirement obligation as of end of period
18,731

 
15,445

Less current portion
75

 
795

Asset retirement obligation, long-term
$
18,656

 
$
14,650