ASSET RETIREMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2023

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):

	For the Year Ended December 31,
	2023		2022
Asset retirement obligations at beginning of the period	$	15,469	$	11,896
Accretion expense		793		528
Liabilities incurred		34		151
Liabilities settled/divested		(112)		(647)
Revisions to estimate		1,274		3,541
Asset retirement obligations at end of period		17,458		15,469
Less: current asset retirement obligations		—		(225)
Long-term asset retirement obligations at the end of the period	$	17,458	$	15,244