Asset Retirement Obligations

3 Months Ended

Mar. 31, 2025

Asset Retirement Obligations

Asset Retirement Obligations

Note 7. Asset Retirement Obligations

The Company’s asset retirement obligations primarily relate to the Company’s portion of future plugging and abandonment costs for wells and related facilities. The following table presents the changes in the asset retirement obligations for the three months ended March 31, 2025 (in thousands):

Asset retirement obligations at beginning of period	$	131,077
Liabilities added from acquisition or drilling		—
Liabilities settled		(174)
Liabilities removed upon sale of wells		(559)
Accretion expense		2,183
Revision of estimates		8
Asset retirement obligation at end of period		132,535
Less: Current portion		1,377
Asset retirement obligations - long-term portion	$	131,158