Rendering
| Component: (Network and Table) |
|---|
| Network | 30803 - Disclosure - Asset Retirement Obligations (Tables) (http://www.jonesenergy.com/role/DisclosureAssetRetirementObligationsTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001573166 (http://www.sec.gov/CIK) |
| Asset Retirement Obligations | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Asset Retirement Obligations | |
Summary of the Company's ARO |
|
|
|
|
|
|
|
|
|
|
(in thousands of dollars)
|
|
2016
|
|
2015
|
|
|
ARO liability at beginning of year
|
|
$
|
20,980
|
|
$
|
13,610
|
|
|
Liabilities incurred (1)
|
|
|
6,947
|
|
|
6,349
|
|
|
Accretion of ARO liability
|
|
|
1,263
|
|
|
1,087
|
|
|
Liabilities settled due to sale of related properties
|
|
|
(446)
|
|
|
(19)
|
|
|
Liabilities settled due to plugging and abandonment
|
|
|
(463)
|
|
|
(69)
|
|
|
Change in estimate (2)
|
|
|
(8,223)
|
|
|
22
|
|
|
ARO liability at end of year
|
|
|
20,058
|
|
|
20,980
|
|
|
Less: Current portion of ARO at end of year
|
|
|
(600)
|
|
|
(679)
|
|
|
Total long-term ARO at end of year
|
|
$
|
19,458
|
|
$
|
20,301
|
|
(1) The 2016 amount includes $6.4 million related to wells acquired in the Anadarko Acquisition. See Note 3, “Acquisitions”.
|
(1)
| |
The 2016 amount reflects a reduction in the estimated cost per well, consistent with the decline in actual costs experienced by the Company. |
|