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, 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 June 30, 2013 and December 31, 2012 are as follows:
 
 
June 30, 2013
 
December 31, 2012
 
(In thousands)
Oil and natural gas properties
$
2,065,918

 
$
1,611,090

Office furniture and fixtures
4,831

 
4,476

Building
3,926

 
3,926

Land
260

 
260

Total property and equipment
2,074,935

 
1,619,752

Accumulated depletion, depreciation, amortization and impairment
(717,007
)
 
(665,884
)
Property and equipment, net
$
1,357,928

 
$
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 June 30, 2013:
 
June 30, 2013
 
(In thousands)
Colorado
$
6,153

Bakken
307

Southern Louisiana
893

Ohio
864,710

Other
50

 
$
872,113

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

 
$
12,653

Liabilities incurred
1,194

 
1,176

Liabilities settled
(807
)
 
(1,002
)
Accretion expense
349

 
353

Asset retirement obligation as of end of period
14,011

 
13,180

Less current portion
780

 
60

Asset retirement obligation, long-term
$
13,231

 
$
13,120