Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v3.5.0.2
Property And Equipment (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2016 and December 31, 2015 are as follows:
 
June 30, 2016
 
December 31, 2015
 
(In thousands)
Oil and natural gas properties
$
5,686,188

 
$
5,424,342

Office furniture and fixtures
13,139

 
12,589

Building
31,301

 
16,915

Land
3,667

 
3,667

Total property and equipment
5,734,295

 
5,457,513

Accumulated depletion, depreciation, amortization and impairment
(3,339,087
)
 
(2,829,110
)
Property and equipment, net
$
2,395,208

 
$
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 June 30, 2016:
 
June 30, 2016
 
(In thousands)
Utica
$
1,757,014

Niobrara
4,853

Southern Louisiana
431

Bakken
96

Other
45

 
$
1,762,439

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the six months ended June 30, 2016 and 2015 is as follows:
 
June 30, 2016
 
June 30, 2015
 
(In thousands)
Asset retirement obligation, beginning of period
$
26,437

 
$
17,938

Liabilities incurred
3,195

 
4,077

Liabilities settled
(72
)
 
(1,120
)
Accretion expense
508

 
382

Asset retirement obligation as of end of period
30,068

 
21,277

Less current portion
75

 
75

Asset retirement obligation, long-term
$
29,993

 
$
21,202