Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v3.3.0.814
Property And Equipment (Tables)
 9 Months Ended
Sep. 30, 2015
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, 2015 and December 31, 2014 are as follows:
 
 
September 30, 2015
 
December 31, 2014
 
(In thousands)
Oil and natural gas properties
$
5,258,762

 
$
3,923,154

Office furniture and fixtures
12,453

 
10,752

Building
11,550

 
5,398

Land
3,667

 
2,194

Total property and equipment
5,286,432

 
3,941,498

Accumulated depletion, depreciation, amortization and impairment
(1,896,413
)
 
(1,050,879
)
Property and equipment, net
$
3,390,019

 
$
2,890,619

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, 2015:
 
September 30, 2015
 
(In thousands)
Colorado
$
5,088

Bakken
96

Southern Louisiana
342

Ohio
2,013,232

Other
45

 
$
2,018,803

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the nine months ended September 30, 2015 and 2014 is as follows:
 
 
 
September 30, 2015
 
September 30, 2014
 
(In thousands)
Asset retirement obligation, beginning of period
$
17,938

 
$
15,083

Liabilities incurred
5,736

 
5,713

Liabilities settled
(1,120
)
 
(4,972
)
Accretion expense
594

 
569

Asset retirement obligation as of end of period
23,148

 
16,393

Less current portion
75

 
75

Asset retirement obligation, long-term
$
23,073

 
$
16,318