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ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2014
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Asset Retirement Obligations Operating Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30

 

 

 

 

 

June 30

 

in thousands

2014 

 

 

2013 

 

 

2014 

 

 

2013 

 

ARO Operating Costs

 

 

 

 

 

 

 

 

 

 

 

Accretion

$        2,913 

 

 

$        2,817 

 

 

$        5,852 

 

 

$        4,823 

 

Depreciation

983 

 

 

830 

 

 

1,980 

 

 

1,609 

 

Total

$        3,896 

 

 

$        3,647 

 

 

$        7,832 

 

 

$        6,432 

 

 

Reconciliations of Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30

 

 

 

 

 

June 30

 

in thousands

2014 

 

 

2013 

 

 

2014 

 

 

2013 

 

Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$     225,831 

 

 

$     156,458 

 

 

$     228,234 

 

 

$     150,072 

 

  Liabilities incurred

 

 

65,587 

 

 

 

 

65,587 

 

  Liabilities settled

(7,593)

 

 

(5,219)

 

 

(12,843)

 

 

(6,511)

 

  Accretion expense

2,913 

 

 

2,817 

 

 

5,852 

 

 

4,823 

 

  Revisions up (down), net

3,966 

 

 

3,208 

 

 

3,874 

 

 

8,880 

 

Balance at end of period

$     225,117 

 

 

$     222,851 

 

 

$     225,117 

 

 

$     222,851