Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v3.20.4
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2020
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,
2020 2019
(In thousands)
Asset retirement obligations, beginning of period $49,733  $14,292 
Accretion expense 3,323  945 
Liabilities incurred 3,895  615 
Increase due to acquisition of oil and gas properties —  26,107 
Liabilities settled (2,220) (3,394)
Dispositions (351) (1,776)
Revisions to estimates 4,710  12,944 
Asset retirement obligations, end of period 59,090  49,733 
Less: Current asset retirement obligations (1,881) (873)
Non-current asset retirement obligations $57,209  $48,860