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Asset Retirement Obligations
 3 Months Ended
Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]  
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, 2020 (in thousands):

 

Asset retirement obligations at beginning of period

$

91,089

 

Liabilities added from acquisition or drilling

 

—

 

Liabilities settled

 

—

 

Liabilities removed upon sale of wells

 

—

 

Accretion expense

 

1,513

 

Revision of estimates

 

—

 

Asset retirement obligation at end of period

 

92,602

 

Less: Current portion

 

(623

)

Asset retirement obligations - long-term portion

$

91,979