Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment (Tables)

v2.4.0.8
Property And Equipment (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2014 and December 31, 2013 are as follows:
 
 
March 31, 2014
 
December 31, 2013
 
(In thousands)
Oil and natural gas properties
$
2,906,976

 
$
2,477,178

Office furniture and fixtures
6,936

 
6,093

Building
4,876

 
4,626

Land
412

 
412

Total property and equipment
2,919,200

 
2,488,309

Accumulated depletion, depreciation, amortization and impairment
(841,561
)
 
(784,717
)
Property and equipment, net
$
2,077,639

 
$
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 March 31, 2014:
 
March 31, 2014
 
(In thousands)
Colorado
$
6,045

Bakken
295

Southern Louisiana
544

Ohio
1,131,156

Other
45

 
$
1,138,085

Schedule Of Asset Retirement Obligation
A reconciliation of the Company's asset retirement obligation for the three months ended March 31, 2014 and 2013 is as follows:
 
 
 
 
March 31, 2014
 
March 31, 2013
 
(In thousands)
Asset retirement obligation, beginning of period
$
15,083

 
$
13,275

Liabilities incurred
1,869

 
670

Liabilities settled
(1,695
)
 
(780
)
Accretion expense
188

 
175

Asset retirement obligation as of end of period
15,445

 
13,340

Less current portion
795

 
780

Asset retirement obligation, long-term
$
14,650

 
$
12,560