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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2018
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Changes in Aggregate Asset Retirement Obligations

The changes in the aggregate ARO are as follows:

 

 

 

 

 

ARO as of December 31, 2016 (Predecessor)

    

$

183,476

Liabilities incurred

 

 

671

Accretion expense

 

 

7,653

Revisions in estimated cash flows

 

 

(875)

Settlements and divestitures

 

 

(28,962)

ARO as of December 31, 2017 (Predecessor)

 

 

161,963

Liabilities incurred

 

 

77

Accretion expense

 

 

3,176

Settlements and divestitures

 

 

(385)

ARO as of May 31, 2018 (Predecessor)

 

 

164,831

Fresh start adjustments (1)

 

 

(41,953)

ARO as of May 31, 2018 (Successor)

 

 

122,878

Liabilities incurred

 

 

 8

Accretion expense

 

 

5,420

Settlements and divestitures

 

 

(8,700)

ARO as of December 31, 2018 (Successor)

 

$

119,606


(1)As a result of the application of fresh start accounting, the Successor recorded its asset retirement obligations at fair value as of the Effective Date.