Rendering
Component: (Network and Table) |
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Network | 2311301 - Disclosure - Asset Retirement Obligations (Tables) (http://www.oasispetroleum.com/role/AssetRetirementObligationsTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001486159 (http://www.sec.gov/CIK) |
Asset Retirement Obligation Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Asset Retirement Obligation Disclosure [Abstract] | |
Schedule of Changes in Asset Retirement Obligations | The following table reflects the changes in the Company’s ARO during the years ended December 31, 2016 and 2015: | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | (In thousands) | Asset retirement obligation — beginning of period | $ | 35,812 |
| | $ | 42,549 |
| Liabilities incurred during period(1) | 11,811 |
| | 1,245 |
| Liabilities settled during period(2) | (480 | ) | | (218 | ) | Accretion expense during period(1)(3) | 1,973 |
| | 2,223 |
| Revisions to estimates | 571 |
| | 241 |
| Liabilities held for sale(4) | — |
| | (10,228 | ) | Asset retirement obligation — end of period | $ | 49,687 |
| | $ | 35,812 |
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__________________ | | (1) | Includes costs for wells acquired in the Williston Basin Acquisition (see Note 6 – Acquisitions and Divestitures) as of December 31, 2016. |
| | (2) | Liabilities settled during the year ended December 31, 2016 included ARO related to the sold properties (see Note 6 – Acquisitions and Divestitures). |
| | (3) | Included in depreciation, depletion and amortization on the Company’s Consolidated Statement of Operations. |
| | (4) | Represents ARO related to the properties held for sale as of December 31, 2015 (see Note 6 – Acquisitions and Divestitures). |
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