Asset Retirement Obligations

3 Months Ended

Mar. 31, 2020

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

Asset Retirement Obligations

The Company has asset retirement obligations associated with the future plugging and abandonment of oil and gas properties and related facilities. Revisions to the liability typically occur due to changes in the estimated abandonment costs, well economic lives, and the discount rate.

The following table summarizes the Company’s asset retirement obligation transactions recorded during the three months ended March 31,(in thousands): 

	2020
Beginning asset retirement obligations	$	2,164
Liabilities incurred	23
Accretion expense	44
Divestitures	(10		)
Revision of estimates	(2		)
Ending asset retirement obligations	$	2,219