Note 5 - Asset Retirement Obligations

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Asset Retirement Obligation Disclosure [Text Block]

5. Asset Retirement Obligations

Our ARO represent the estimated present value of the amount incurred to plug, abandon and remediate our properties at the end of their productive lives.

A summary of the changes to our ARO is as follows (in thousands):

Balances, December 31, 2019	$	355,594
Liabilities settled		(2,788	)
Accretion of discount		17,019
Liabilities incurred, including acquisitions		4,355
Revisions of estimated liabilities		7,555
Balances, September 30, 2020		381,735
Less current portion		19,522
Long-term	$	362,213