Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v3.2.0.727
Property And Equipment (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2015 and December 31, 2014 are as follows:
 
 
June 30, 2015
 
December 31, 2014
 
(In thousands)
Oil and natural gas properties
$
4,798,835

 
$
3,923,154

Office furniture and fixtures
11,430

 
10,752

Building
7,833

 
5,398

Land
3,667

 
2,194

Total property and equipment
4,821,765

 
3,941,498

Accumulated depletion, depreciation, amortization and impairment
(1,211,308
)
 
(1,050,879
)
Property and equipment, net
$
3,610,457

 
$
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 June 30, 2015:
 
June 30, 2015
 
(In thousands)
Colorado
$
5,083

Bakken
96

Southern Louisiana
263

Ohio
1,791,538

Other
45

 
$
1,797,025

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the six months ended June 30, 2015 and 2014 is as follows:
 
 
 
June 30, 2015
 
June 30, 2014
 
(In thousands)
Asset retirement obligation, beginning of period
$
17,938

 
$
15,083

Liabilities incurred
4,077

 
3,613

Liabilities settled
(1,120
)
 
(3,097
)
Accretion expense
382

 
377

Asset retirement obligation as of end of period
21,277

 
15,976

Less current portion
75

 
795

Asset retirement obligation, long-term
$
21,202

 
$
15,181