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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation

The following is a reconciliation of our liability for plugging and abandonment costs as of December 31, 2017 and 2016 (in thousands):

 

2017

 

 

2016

 

 

Beginning of period

$

257,943

 

 

$

264,137

 

Liabilities incurred

 

7,724

 

 

 

2,694

 

Acquisitions

 

 

 

 

21,900

 

Liabilities settled

 

(7,965

)

 

 

(11,511

)

Disposition of wells

 

(8,078

)

 

 

(10,540

)

Accretion expense

 

14,711

 

 

 

18,021

 

Change in estimate

 

12,520

 

 

 

(26,758

)

End of period

 

276,855

 

 

 

257,943

 

 

Less current portion

 

(6,327

)

 

 

(7,271

)

 

Long-term asset retirement obligations

$

270,528

 

 

$

250,672