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Restricted Investments

12 Months Ended

Dec. 31, 2019

Investments Debt And Equity Securities [Abstract]

Note 10. Restricted Investments

Various restricted investment accounts fund certain long-term contractual and regulatory asset retirement obligations and collateralize certain regulatory bonds associated with the offshore Southern California oil and gas properties. The components of the restricted investment balances are as follows:

	December 31,		December 31,
	2019		2018
	(In thousands)
BOEM platform abandonment (See Note 18)	$	313	$	90,162

SPBPC Collateral:
Contractual pipeline and surface facilities abandonment		4,309		4,305
Restricted investments	$	4,622	$	94,467

On June 24, 2019, the Company received the release of $90.0 million from the Beta Decommissioning Trust Account. See Note 18 for additional information related to the Beta Decommissioning Trust Account.