Asset Retirement Obligations

3 Months Ended

Mar. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

Asset Retirement ObligationsThe 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, 2023 (in thousands): 

	2023
Beginning asset retirement obligations	$	30,559
Liabilities incurred	22
Liabilities settled	(539)
Acquisitions	—
Accretion expense	629
Divestitures	(90)
Revision of estimates	241
Ending asset retirement obligations	$	30,822