Note 8 - Asset Retirement Obligations

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Asset Retirement Obligation Disclosure [Text Block]

NOTE 8—ASSET RETIREMENT OBLIGATIONS:

CONSOL Energy accrues for mine closing costs, perpetual water care costs, and costs associated with the plugging of degasification wells using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. CONSOL Energy recognizes capitalized asset retirement obligations by increasing the carrying amount of related long-lived assets.

The reconciliation of changes in the Company's asset retirement obligations at  December 31, 2020 and 2019 is as follows:

	As of December 31,
	2020			2019
Balance at Beginning of Period	$	271,952		$	267,001
Accretion Expense		17,905			20,116
Payments		(13,529	)		(13,030	)
Revisions in Estimated Cash Flows		(9,248	)		(2,135	)
Other		(18,311	)		—
Balance at End of Period	$	248,769		$	271,952

For the year ended December 31, 2020, Other includes $(18,311) related to the disposition of degasification wells.