Asset Retirement Obligations

9 Months Ended

Sep. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

7. ASSET RETIREMENT OBLIGATIONS

The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet:

	September 30, 2015			December 31, 2014
	(in thousands)
Balance, beginning of period	$	4,196		$	3,834
Additions, changes in estimates and other		-			136
Liabilities settled		(129	)		(199	)
Accretion expense		337			425
Balance, end of period		4,404			4,196
Less: Current portion		(118	)		(196	)
Non-current Portion	$	4,286		$	4,000

The Company’s current liability of $117,600 consists of the estimated costs associated with current plugging and abandonment activities and planned surface reclamation activities through September 2016 at the Company’s Rosita project.