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Asset Retirement Obligations
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2020 (in thousands):

 

Asset retirement obligations at beginning of period

$

91,089

 

Liabilities added from acquisition or drilling

 

50

 

Liabilities settled

 

—

 

Accretion expense

 

3,052

 

Revision of estimates

 

—

 

Asset retirement obligation at end of period

 

94,191

 

Less: Current portion

 

(623

)

Asset retirement obligations - long-term portion

$

93,568