Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v3.4.0.3
Property And Equipment (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016 and December 31, 2015 are as follows:
 
March 31, 2016
 
December 31, 2015
 
(In thousands)
Oil and natural gas properties
$
5,506,570

 
$
5,424,342

Office furniture and fixtures
12,866

 
12,589

Building
24,043

 
16,915

Land
3,667

 
3,667

Total property and equipment
5,547,146

 
5,457,513

Accumulated depletion, depreciation, amortization and impairment
(3,112,767
)
 
(2,829,110
)
Property and equipment, net
$
2,434,379

 
$
2,628,403

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, 2016:
 
March 31, 2016
 
(In thousands)
Utica
$
1,776,830

Niobrara
4,923

Southern Louisiana
401

Bakken
96

Other
45

 
$
1,782,295

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the three months ended March 31, 2016 and 2015 is as follows:
 
March 31, 2016
 
March 31, 2015
 
(In thousands)
Asset retirement obligation, beginning of period
$
26,437

 
$
17,938

Liabilities incurred
1,914

 
1,584

Liabilities settled
(52
)
 
(981
)
Accretion expense
247

 
190

Asset retirement obligation as of end of period
28,546

 
18,731

Less current portion
75

 
75

Asset retirement obligation, long-term
$
28,471

 
$
18,656