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ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2015
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Asset Retirement Obligations Operating Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30

 

 

June 30

 

in thousands

2015 

 

 

2014 

 

 

2015 

 

 

2014 

 

ARO Operating Costs

 

 

 

 

 

 

 

 

 

 

 

Accretion

$        2,936 

 

 

$        2,913 

 

 

$        5,787 

 

 

$        5,852 

 

Depreciation

1,568 

 

 

983 

 

 

3,001 

 

 

1,980 

 

Total

$        4,504 

 

 

$        3,896 

 

 

$        8,788 

 

 

$        7,832 

 

 

Reconciliations of Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30

 

 

June 30

 

in thousands

2015 

 

 

2014 

 

 

2015 

 

 

2014 

 

Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$     238,689 

 

 

$     225,831 

 

 

$     226,565 

 

 

$     228,234 

 

  Liabilities incurred

4,339 

 

 

 

 

6,159 

 

 

 

  Liabilities settled

(1,270)

 

 

(7,593)

 

 

(8,000)

 

 

(12,843)

 

  Accretion expense

2,936 

 

 

2,913 

 

 

5,787 

 

 

5,852 

 

  Revisions up (down), net

(9,775)

 

 

3,966 

 

 

4,408 

 

 

3,874 

 

Balance at end of period

$     234,919 

 

 

$     225,117 

 

 

$     234,919 

 

 

$     225,117