Asset Retirement Obligations (Tables)
 12 Months Ended
Dec. 31, 2015
Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.  
Summary of changes in asset retirement obligations

The following table summarizes the changes in the Predecessor’s asset retirement obligations for the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

For the Year Ended

 

 

December 31,

 

 

2015

 

2014

Asset retirement obligations, beginning of year

    

$
1,824

    

$
3,557

Additional liabilities incurred

 

 
133

 

 
670

Liabilities acquired

 

 
178

 

 

 —

Liabilities disposed(1)

 

 

 —

 

 
(2,820)

Accretion expense

 

 
139

 

 
156

Revision of estimated liabilities

 

 
14

 

 
261

Asset retirement obligations, end of year

 

$
2,288

 

$
1,824

(1)Refer to Note 4—Acquisitions and Divestitures.