Rendering
| Component: (Network and Table) |
|---|
| Network | 100330 - Disclosure - Asset Retirement Obligations (Tables) (http://www.earthstoneenergy.com/20161231/taxonomy/role/DisclosureAssetRetirementObligationsTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0000010254 (http://www.sec.gov/CIK) |
| Asset Retirement Obligation Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Asset Retirement Obligation Disclosure [Abstract] | |
Summary of Asset Retirement Obligation Transactions |
The following table summarizes the Company’s asset retirement obligation transactions recorded during the years ended December 31, 2016 and 2015 (in thousands):
|
|
|
2016 |
|
|
2015 |
|
|
Beginning asset retirement obligations |
|
$ |
5,075 |
|
|
$ |
6,078 |
|
|
Liabilities incurred |
|
|
165 |
|
|
|
126 |
|
|
Liabilities settled |
|
|
(15 |
) |
|
|
(108 |
) |
|
Accretion expense |
|
|
551 |
|
|
|
550 |
|
|
Acquisitions (1) |
|
|
250 |
|
|
|
— |
|
|
Purchase price adjustment (2) |
|
|
— |
|
|
|
(1,192 |
) |
|
Property dispositions |
|
|
— |
|
|
|
(403 |
) |
|
Revision of estimates |
|
|
(13 |
) |
|
|
24 |
|
|
Ending asset retirement obligations |
|
$ |
6,013 |
|
|
$ |
5,075 |
|
|
|
(1) |
See Note 3 Acquisitions and Divestitures for additional information on the Company's acquisition activities. |
|
|
(2) |
The Company recorded a purchase price adjustment in 2015 related to the Exchange. The adjustment decreased the allocation of asset retirement obligations due to adjusting the estimates of liabilities assumed to match the Company’s methodology. See Note 3 Acquisition and Divestitures. | |