Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v2.4.0.8
Property And Equipment (Tables)
 6 Months Ended
Jun. 30, 2014
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, 2014 and December 31, 2013 are as follows:
 
 
June 30, 2014
 
December 31, 2013
 
(In thousands)
Oil and natural gas properties
$
3,201,529

 
$
2,477,178

Office furniture and fixtures
7,317

 
6,093

Building
4,876

 
4,626

Land
412

 
412

Total property and equipment
3,214,134

 
2,488,309

Accumulated depletion, depreciation, amortization and impairment
(897,553
)
 
(784,717
)
Property and equipment, net
$
2,316,581

 
$
1,703,592

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, 2014:
 
June 30, 2014
 
(In thousands)
Colorado
$
5,933

Bakken
295

Southern Louisiana
636

Ohio
1,180,728

Other
45

 
$
1,187,637

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the six months ended June 30, 2014 and 2013 is as follows:
 
 
 
 
June 30, 2014
 
June 30, 2013
 
(In thousands)
Asset retirement obligation, beginning of period
$
15,083

 
$
13,275

Liabilities incurred
3,613

 
1,194

Liabilities settled
(3,097
)
 
(807
)
Accretion expense
377

 
349

Asset retirement obligation as of end of period
15,976

 
14,011

Less current portion
795

 
780

Asset retirement obligation, long-term
$
15,181

 
$
13,231