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ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2013
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Asset Retirement Obligations Operating Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30

 

 

 

 

 

June 30

 

in thousands

2013 

 

 

2012 

 

 

2013 

 

 

2012 

 

ARO Operating Costs

 

 

 

 

 

 

 

 

 

 

 

Accretion

$        2,817 

 

 

$        1,998 

 

 

$        4,823 

 

 

$        4,017 

 

Depreciation

830 

 

 

1,863 

 

 

1,609 

 

 

3,727 

 

Total

$        3,647 

 

 

$        3,861 

 

 

$        6,432 

 

 

$        7,744 

 

 

Reconciliations of Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30

 

 

 

 

 

June 30

 

in thousands

2013 

 

 

2012 

 

 

2013 

 

 

2012 

 

Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$     156,458 

 

 

$     155,402 

 

 

$     150,072 

 

 

$     153,979 

 

  Liabilities incurred

65,587 

 

 

45 

 

 

65,587 

 

 

45 

 

  Liabilities settled

(5,219)

 

 

(798)

 

 

(6,511)

 

 

(1,419)

 

  Accretion expense

2,817 

 

 

1,998 

 

 

4,823 

 

 

4,017 

 

  Revisions up (down), net

3,208 

 

 

(6,234)

 

 

8,880 

 

 

(6,209)

 

Balance at end of period

$     222,851 

 

 

$     150,413 

 

 

$     222,851 

 

 

$     150,413