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ASSET RETIREMENT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2019
ASSET RETIREMENT OBLIGATIONS  
Schedule of activity related to ARO liability

The Company recorded the following activity related to its ARO liability (inclusive of the current portion) (in thousands):

 

 

 

 

 

Liability for asset retirement obligations as of December 31, 2017 (Predecessor)

    

$

4,368

Liabilities settled and divested (1)

 

 

(590)

Additions

 

 

988

Acquisitions (1)

 

 

2,465

Accretion expense

 

 

329

Revisions in estimated cash flows

 

 

(646)

Liability for asset retirement obligations as of December 31, 2018 (Predecessor)

 

$

6,914

Liabilities settled and divested (1)

 

 

(229)

Additions

 

 

354

Accretion expense

 

 

307

Revisions in estimated cash flows

 

 

2,807

Liability for asset retirement obligations as of October 1, 2019 (Predecessor)

 

$

10,153

Fair Value Adjustment

 

$

 —

 

 

 

 

 

 

 

 

Liability for asset retirement obligations as of October 1, 2019 (Successor)

 

$

10,153

Additions

 

 

293

Accretion expense

 

 

144

Liability for asset retirement obligations as of December 31, 2019 (Successor)

 

$

10,590

See Note 6, “Acquisitions and Divestitures,” for additional information on the Company’s acquisition and divestiture activities.