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Asset Retirement Obligations
 3 Months Ended
Mar. 31, 2021
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): 
 2021
Beginning asset retirement obligations$3,027 
Liabilities incurred427 
Liabilities settled(15)
Acquisitions10,287 
Accretion expense290 
Ending asset retirement obligations$14,016