Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v3.22.4
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2022
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,
2022 2021
(In thousands)
Asset retirement obligations, beginning of period $56,707  $59,090 
Accretion expense 3,997  3,743 
Liabilities incurred 669  1,826 
Increase due to acquisition of oil and gas properties —  1,898 
Liabilities settled (2,008) (1,769)
Dispositions (4,760) (7,262)
Revisions to estimates 5,830  (819)
Asset retirement obligations, end of period 60,435  56,707 
Less: Current asset retirement obligations (6,543) (2,249)
Non-current asset retirement obligations $53,892  $54,458