Rendering

Component: (Network and Table)
Network
100290 - Disclosure - Asset Retirement Obligations (Tables)
(http://www.memorialpp.com/20161231/taxonomy/role/DisclosureAssetRetirementObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001521847 (http://www.sec.gov/CIK)
Asset Retirement Obligation Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Asset Retirement Obligation Disclosure [Abstract]
 
Summary of Changes in Asset Retirement Obligations

The Partnership’s asset retirement obligations primarily relate to the Partnership’s portion of future plugging and abandonment of wells and related facilities. The following table presents the changes in the asset retirement obligations for the years ended December 31, 2016, 2015, and 2014:

 

2016

 

 

2015

 

 

2014

 

 

(in thousands)

 

Asset retirement obligations at beginning of period

$

164,164

 

 

$

112,702

 

 

$

101,436

 

Liabilities added from acquisitions or drilling

 

30

 

 

 

26,876

 

 

 

5,815

 

Liabilities removed upon sale of wells

 

(19,669

)

 

 

(3,412

)

 

 

—

 

Liabilities settled

 

(1,442

)

 

 

(1,430

)

 

 

(651

)

Accretion expense

 

10,231

 

 

 

7,125

 

 

 

5,773

 

Revision of estimates

 

2,388

 

 

 

22,303

 

 

 

329

 

Asset retirement obligations at end of period

 

155,702

 

 

 

164,164

 

 

 

112,702

 

Less: Current portion

 

789

 

 

 

1,175

 

 

 

—

 

Asset retirement obligations - long-term portion

$

154,913

 

 

$

162,989

 

 

$

112,702