Asset Retirement Obligations

3 Months Ended

Mar. 31, 2021

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, 2021 (in thousands):

Asset retirement obligations at beginning of period	$	97,149
Liabilities added from acquisition or drilling		20
Liabilities settled		(162	)
Liabilities removed upon sale of wells		—
Accretion expense		1,615
Revision of estimates		3
Asset retirement obligation at end of period		98,625
Less: Current portion		(424	)
Asset retirement obligations - long-term portion	$	98,201