Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

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

Changes in the asset retirement obligation were as follows:

 

Balance, December 31, 2013

 

$

1,182,410

Liabilities acquired

 

 

294,772

Liabilities incurred

 

 

737,969

Accretion expense

 

 

61,694

Balance, June 30, 2014

 

$

2,276,845