Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v2.4.0.6
Property And Equipment (Tables)
 3 Months Ended
Mar. 31, 2013
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, 2013 and December 31, 2012 are as follows:
 
 
March 31, 2013
 
December 31, 2012
 
(In thousands)
Oil and natural gas properties
$
1,932,419

 
$
1,611,090

Office furniture and fixtures
4,738

 
4,476

Building
3,926

 
3,926

Land
260

 
260

Total property and equipment
1,941,343

 
1,619,752

Accumulated depletion, depreciation, amortization and impairment
(688,467
)
 
(665,884
)
Property and equipment, net
$
1,252,876

 
$
953,868

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, 2013:
 
March 31, 2013
 
(In thousands)
Colorado
$
6,088

Bakken
301

Southern Louisiana
789

Ohio
862,655

Other
46

 
$
869,879

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the three months ended March 31, 2013 and 2012 is as follows:
 
 
March 31, 2013
 
March 31, 2012
 
(In thousands)
Asset retirement obligation, beginning of period
$
13,275

 
$
12,653

Liabilities incurred
670

 
598

Liabilities settled
(780
)
 
(531
)
Accretion expense
175

 
176

Asset retirement obligation as of end of period
13,340

 
12,896

Less current portion
780

 
620

Asset retirement obligation, long-term
$
12,560

 
$
12,276