Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligations (Tables)

v3.24.0.1
Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2023
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,
2023 2022
(In thousands)
Asset retirement obligations, beginning of period $60,435  $56,707 
Accretion expense 3,465  3,997 
Liabilities incurred 2,379  669 
Increase due to acquisition of oil and gas properties 2,323  — 
Liabilities settled (4,228) (2,008)
Dispositions (25,551) (4,760)
Revisions to estimates 8,256  5,830 
Asset retirement obligations, end of period 47,079  60,435 
Less: Current asset retirement obligations (4,426) (6,543)
Non-current asset retirement obligations $42,653  $53,892