ASSET RETIREMENT OBLIGATIONS

12 Months Ended

Dec. 31, 2021

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONSS

NOTE 8 – ASSET RETIREMENT OBLIGATIONS

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term obligations associated with the future retirement of oil and natural gas properties for the year ended December 31, 2021 and the nine months ended December 31, 2020 respectively.

	December 31, 2021		December 31, 2020
Carrying amount at beginning of year	$	46,748	$	71,150
Accretion		6,307		5,825
Dispositions		-		(30,227	)
Carrying amount at end of year	$	53,055	$	46,748