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Suspended Exploratory Well Costs (Tables)
 6 Months Ended
Jun. 30, 2015
Extractive Industries [Abstract]  
Suspended Exploratory Well Costs

The following table reflects the change in capitalized exploratory well costs for the six months ended June 30, 2015 and the year ended December 31, 2014 (in thousands):

 

 

 

June 30,

2015

 

 

 

December 31,

2014

 

Balance at beginning of period

$

2,996

 

 

$

6,964

 

Additions to capitalized exploratory well costs pending the determination of proved reserves

 

35,111

 

 

 

18,747

 

Reclassifications to wells, facilities and equipment based on determination of proved reserves

 

¾

 

 

 

(15,735

)

Divested wells

 

¾

 

 

 

(6,980

)

Balance at end of period

 

38,107

 

 

 

2,996

 

Less exploratory well costs that have been capitalized for a period of one year or less

 

(38,107

)

 

 

(2,996

)

Capitalized exploratory well costs that have been capitalized for a period greater than one year

$

¾

 

 

$

¾