Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v3.19.3.a.u2
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Asset Retirement Obligation [Abstract]  
Schedule of Change in Asset Retirement Obligation
The table below summarizes the activity for the Company’s asset retirement obligations:

 
Years Ended December 31,
 
 
2019
 
2018
 
 
(In thousands)
Asset retirement obligations, beginning of period
 

$14,292

 

$6,020

Accretion expense
 
945

 
874

Liabilities incurred
 
615

 
973

Increase due to acquisition of oil and gas properties
 
26,107

 
570

Liabilities settled
 
(3,394
)
 
(1,288
)
Dispositions
 
(1,776
)
 
(614
)
Revisions to estimates
 
12,944

 
7,757

Asset retirement obligations, end of period
 
49,733

 
14,292

Less: Current asset retirement obligations
 
(873
)
 
(3,887
)
Non-current asset retirement obligations
 

$48,860

 

$10,405