Rendering

Component: (Network and Table)
Network
30903 - Disclosure - Asset Retirement Obligations (Tables)
(http://www.energyxxi.com/role/DisclosureAssetRetirementObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001343719 (http://www.sec.gov/CIK)
Asset Retirement Obligations [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Asset Retirement Obligations [Abstract]
 
Changes in Asset Retirement Obligations

The following table describes the changes in our asset retirement obligations (in thousands):





 

 

 

 

 



Year Ended June 30,



 

2016

 

 

2015



 

 

 

 

 

Beginning of period total

$

 487,085 

 

$

 559,834 

   Liabilities acquired

 

 66,700 

 

 

 -

   Liabilities incurred and true-up to liabilities settled

 

 34,167 

 

 

 40,820 

   Liabilities settled

 

 (78,273)

 

 

 (106,573)

   Liabilities sold

 

 -

 

 

 (65,752)

   Revisions*

 

 (36,750)

 

 

 8,675 

   Accretion expense

 

 64,690 

 

 

 50,081 

End of period total

 

 537,619 

 

 

 487,085 

Less:  End of period, current portion

 

 71,717 

 

 

 33,286 

End of period, noncurrent portion

$

 465,902 

 

$

 453,799 



























*  This downward revision was primarily due to declining service costs resulting from the decline in commodity prices and decrease in demand for oil field services due to excess capacity.