Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligation (Tables)

v3.3.1.900
Asset Retirement Obligation (Tables)
12 Months Ended
Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of asset retirement obligations
The following table is a reconciliation of the asset retirement obligation as of December 31, 2015:
Asset Retirement Obligation
 
For the Years Ended
 
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
Beginning asset retirement obligation
 
$

 
$

 
$

Liabilities assumed
 
12,500,000

 

 

Expenditures
 

 

 

ARO accretion expense
 
339,042

 

 

Ending asset retirement obligation
 
$
12,839,042

 
$

 
$