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, 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 September 30, 2014 and December 31, 2013 are as follows:
 
 
September 30, 2014
 
December 31, 2013
 
(In thousands)
Oil and natural gas properties
$
3,586,016

 
$
2,477,178

Office furniture and fixtures
9,741

 
6,093

Building
4,942

 
4,626

Land
2,197

 
412

Total property and equipment
3,602,896

 
2,488,309

Accumulated depletion, depreciation, amortization and impairment
(969,962
)
 
(784,717
)
Property and equipment, net
$
2,632,934

 
$
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 September 30, 2014:
 
September 30, 2014
 
(In thousands)
Colorado
$
5,842

Bakken
295

Southern Louisiana
708

Ohio
1,445,840

Other
45

 
$
1,452,730

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

 
$
13,275

Liabilities incurred
5,713

 
1,771

Liabilities settled
(4,972
)
 
(807
)
Accretion expense
569

 
529

Asset retirement obligation as of end of period
16,393

 
14,768

Less current portion
75

 
780

Asset retirement obligation, long-term
$
16,318

 
$
13,988