Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Reconciliation of Beginning and Ending Aggregate Carrying Amounts of Asset Retirement Obligations

The following table presents the balance and activity of the Company’s asset retirement obligations (in thousands):

	Year Ended December 31,
	2023		2022		2021
Beginning balance	$	63,709	$	59,368	$	57,168
Liability incurred upon acquiring and drilling wells	113		86		18
Revisions in estimated cash flows (1)	(939)		2,656		6,800
Liability settled or disposed in current period (2)	(2,927)		(2,296)		(8,668)
Accretion (3)	4,448		3,895		4,050
Ending balance	64,404		63,709		59,368
Less: current portion	9,851		16,074		17,606
Asset retirement obligations, net of current	$	54,553	$	47,635	$	41,762

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(1)    Revisions for the years ended December 31, 2023, 2022 and 2021 relate primarily to changes in working interest, estimated well lives, and changes in plugging cost estimates.

(2)    $6.1 million is related to the sale of NPB in February 2021.

(3)    Included on the Depreciation and depletion - oil and natural gas line item on the Consolidated Statements of Operations.