| Asset retirement obligations |
The following table provides a summary of our asset retirement
obligation activity:
|
|
|
|
|
|
Liability for asset retirement obligations as of December 31,
2016 (Predecessor)
|
|
$ |
72,137 |
|
|
Liabilities incurred in current period
|
|
|
535 |
|
|
Liabilities settled and disposed in current period
|
|
|
(869 |
) |
|
Revisions in estimated cash flows
|
|
|
181 |
|
|
Accretion expense
|
|
|
1,249 |
|
|
|
|
|
|
|
Liability for asset retirement obligations as of March 21,
2017 (Predecessor)
|
|
$ |
73,233 |
|
|
|
|
|
|
|
Fair value fresh-start adjustment
|
|
$ |
(2,757 |
) |
|
Liability for asset retirement obligations as of March 21,
2017 (Successor)
|
|
$ |
70,476 |
|
|
Liabilities incurred in current period
|
|
|
— |
|
|
Liabilities settled and disposed in current period
|
|
|
— |
|
|
Revisions in estimated cash flows
|
|
|
— |
|
|
Accretion expense
|
|
|
121 |
|
|
|
|
|
|
|
Liability for asset retirement obligations as of March 31,
2017 (Successor)
|
|
$ |
70,597 |
|
|
|
|
|
|
|
Less current portion included in accounts payable and
accrued liabilities
|
|
|
6,066 |
|
|
|
|
|
|
|
Asset retirement obligations, long-term
|
|
$ |
64,531 |
|
|
|
|
|
|
|
The following table presents the balance and activity of our asset
retirement obligations:
|
|
|
|
|
|
|
|
|
| |
|
For the year ended
December 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
Beginning balance
|
|
$ |
48,612 |
|
|
$ |
47,424 |
|
|
Liabilities incurred in current period
|
|
|
3,918 |
|
|
|
1,861 |
|
|
Liabilities settled or disposed in current period
|
|
|
(2,729 |
) |
|
|
(6,472 |
) |
|
Revisions in estimated cash flows
|
|
|
18,364 |
|
|
|
2,139 |
|
|
Accretion expense
|
|
|
3,972 |
|
|
|
3,660 |
|
|
|
|
|
|
|
|
|
|
|
Asset retirement obligations at end of period
|
|
|
72,137 |
|
|
|
48,612 |
|
|
Less current portion included in accounts payable and accrued
liabilities
|
|
|
6,681 |
|
|
|
2,178 |
|
|
|
|
|
|
|
|
|
|
|
Asset retirement obligations, long-term
|
|
$ |
65,456 |
|
|
$ |
46,434 |
|
|
|
|
|
|
|
|
|
|
|