Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v2.4.0.8
Property And Equipment (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2013 and December 31, 2012 are as follows:
 
 
September 30, 2013
 
December 31, 2012
 
(In thousands)
Oil and natural gas properties
$
2,253,605

 
$
1,611,090

Office furniture and fixtures
5,576

 
4,476

Building
4,176

 
3,926

Land
412

 
260

Total property and equipment
2,263,769

 
1,619,752

Accumulated depletion, depreciation, amortization and impairment
(747,698
)
 
(665,884
)
Property and equipment, net
$
1,516,071

 
$
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 September 30, 2013:
 
September 30, 2013
 
(In thousands)
Colorado
$
6,160

Bakken
312

Southern Louisiana
914

Ohio
945,261

Other
50

 
$
952,697

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the nine months ended September 30, 2013 and 2012 is as follows:
 
 
September 30, 2013
 
September 30, 2012
 
(In thousands)
Asset retirement obligation, beginning of period
$
13,275

 
$
12,653

Liabilities incurred
1,771

 
1,711

Liabilities settled
(807
)
 
(1,002
)
Accretion expense
529

 
529

Asset retirement obligation as of end of period
14,768

 
13,891

Less current portion
780

 
60

Asset retirement obligation, long-term
$
13,988

 
$
13,831