General form of registration statement for all companies including face-amount certificate companies

Asset retirement obligations (ARO)

v2.3.0.11
Asset retirement obligations (ARO)
3 Months Ended 12 Months Ended
Mar. 31, 2012
Dec. 31, 2011
Asset retirement obligations (ARO) [Abstract]    
Asset retirement obligations (ARO)

8. Asset retirement obligations (ARO)

A reconciliation of the Company’s asset retirement obligations for the quarter ended March 31, 2012, is as follows:

 

         

Balance, December 31, 2011

  $ 653,240  

Liabilities incurred

    —    

Liabilities assumed by buyer of properties

    (16,411

Accretion expense

    2,066  

Revisions to estimate

    —    
   

 

 

 

Balance, March 31, 2012

    638,895  

Less current asset retirement obligations

    (15,421 )
   

 

 

 

Long-term asset retirement obligations

  $ 623,474  
   

 

 

 
9. Asset retirement obligations (ARO)

A reconciliation of the Company’s asset retirement obligations for the years ended December 31, 2010 and 2011, are as follows (in thousands):

 

                 
    Year Ended December 31:  
    2010     2011  

Beginning of year

  $ —       $ —    

Liabilities incurred

    —         639,176  

Liabilities settled

    —         —    

Accretion expense

    —         14,064  

Revisions to estimate

    —         —    
   

 

 

   

 

 

 

End of year

    —         653,240  

Less current asset retirement obligations

    —         (15,398 )
   

 

 

         
           

 

 

 

Long-term asset retirement obligations

  $ —       $ 637,842