Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligations

Summary of changes in the asset retirement obligations

The following table presents the changes in the asset retirement obligations for the years ended December 31, 2023 and 2022 (in thousands):

	For the Year Ended
	December 31,
	2023		2022
Asset retirement obligations at beginning of period	$	116,438	$	103,414
Liabilities added from acquisition or drilling		5		20
Liabilities settled		(1,236)		(923)
Liabilities removed upon sale of wells		—		—
Accretion expense		7,951		7,081
Revision of estimates		336		6,846
Asset retirement obligation at end of period		123,494		116,438
Less: Current portion		1,493		1,824
Asset retirement obligations - long-term portion	$	122,001	$	114,614