Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v2.4.0.8
ASSET RETIREMENT OBLIGATION (Tables)
9 Months Ended
Sep. 30, 2014
ASSET RETIREMENT OBLIGATION (Tables)  
Changes in Asset Retirement Obligations

Balance, December 31, 2013

 

 

 

 $       1,182,410

 Liabilities acquired

 

 

 

             322,879

 Liabilities incurred

 

 

 

          1,220,566

 Accretion expense

 

 

 

             104,242

 Liabilities settled

 

 

 

             (37,287)

 Balance, September 30, 2014

 

 

 

 $       2,792,810