Accrued Liabilities

12 Months Ended

Dec. 31, 2014

The Company’s accrued liabilities consist of the following:



	December 31,
	2014		2013
	(In thousands)
Accrued capital costs	$	361,034	$	199,085
Accrued lease operating expenses	26,706		18,660
Accrued general and administrative expenses	12,225		14,203
Other accrued liabilities	10,414		9,882
Total accrued liabilities	$	410,379	$	241,830

Accrued liabilities represent the Company’s estimated current payment obligations for materials and services provided by its vendors, for which invoices have not yet been received or fully processed. Invoices that have been fully processed, but not yet paid, are recorded as accounts payable.

In addition, the Company had revenue suspense of $152.3 million, royalties payable of $38.1 million and production taxes payable of $19.5 million included in revenues and production taxes payable on the Company’s Consolidated Balance Sheet for the year ended December 31, 2014. For the year ended December 31, 2013, the Company had revenue suspense of $79.7 million, royalties payable of $44.7 million and production taxes payable of $22.3 million included in revenues and production taxes payable on the Company’s Consolidated Balance Sheet. Revenue suspense represents proceeds from the sale of oil and natural gas production that have been processed by the Company on behalf of third parties that cannot be disbursed to such third parties until certain issues are resolved, such as title issues or missing contact information.