Rendering

Component: (Network and Table)
Network
2311301 - Disclosure - Asset Retirement Obligations (Tables)
(http://www.evolutionpetroleum.com/role/AssetRetirementObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001006655 (http://www.sec.gov/CIK)
Asset Retirement Obligation Disclosure [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Asset Retirement Obligation Disclosure [Abstract]
 
Schedule of reconciliation of the beginning and ending asset retirement obligation
The following is a reconciliation of the beginning and ending asset retirement obligation for the years ended June 30, 2016 and 2015:
 
Years Ended
 
2016
 
2015
Asset retirement obligations—beginning of period
$
772,990

 
$
352,215

Liabilities incurred (a)
28,505

 
564,019

Liabilities settled
—

 
(137,604
)
Liabilities sold
—

 
(52,526
)
Accretion of discount
49,054

 
34,866

Revisions to previous estimates
111,647

 
12,020

Asset retirement obligations — end of period
962,196

 
772,990

Less: current asset retirement obligations
(201,896
)
 
(57,223
)
Long-term portion of asset retirement obligations
$
760,300

 
$
715,767


(a) Liabilities incurred during fiscal 2015 relate to our share of the estimated abandonment costs of the wells and facilities in the Delhi field subsequent to the reversion of our working interest.