WPX ENERGY, INC. | 2013 | FY | 3


A rollforward of our asset retirement obligations for the years ended 2013 and 2012 is presented below.
 
 
2013
 
2012
 
(Millions)
Balance, January 1
$
321

 
$
289

Liabilities incurred during the period
14

 
19

Liabilities settled during the period
(11
)
 
(7
)
Estimate revisions
17

 
(1
)
Accretion expense(a)
23

 
21

Balance, December 31
$
364

 
$
321

Amount reflected as current
$
6

 
$
5

__________
(a)
Accretion expense is included in lease and facility operating expense on the Consolidated Statements of Operations.

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