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Asset Retirement Obligation
 6 Months Ended
Jun. 30, 2017
Asset Retirement Obligation [Abstract]  
Asset Retirement Obligation

(9)  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, 2017 (in thousands):







 

 

 



 

 

 

Balance December 31, 2016

 

$

 2,046 

Accretion expense

 

 

 71 

Liabilities incurred

 

 

 1 

Liabilities settled

 

 

 (34)

Balance June 30, 2017

 

$

 2,084