Asset Retirement Obligation

6 Months Ended

Jun. 30, 2015

Asset Retirement Obligation [Abstract]

Asset Retirement Obligation

(7)  Asset Retirement Obligation

Our asset retirement obligations represent the estimated present value of the amount we will incur to plug, abandon, and remediate our producing properties at the end of their productive lives in accordance with applicable laws. The following table summarizes the Company’s Asset Retirement Obligation transactions for the six months ended June 30, 2015 (in thousands):

Balance December 31, 2014	$	2,008
Accretion expense		63
Liabilities incurred		—
Liabilities settled		(12)
Balance June 30, 2015	$	2,059