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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Oil and Gas Property [Abstract]  
Summary of Oil and Natural Gas Property Costs Not Being Amortized

The following table sets forth a summary of the Company’s oil and natural gas property costs not being amortized at December 31, 2022, by the year in which such costs were incurred (in thousands):

 

 

 

Year Ended December 31,

 

 

Total

 

2022

 

2021

 

2020

 

2019 and Prior

 

Acquisition United States

$

29,646

 

$

2,221

 

$

 

$

27,322

 

$

103

 

Exploration United States

 

13,707

 

 

2,696

 

 

4,727

 

 

1,753

 

 

4,531

 

Exploration Mexico

 

111,430

 

 

1,170

 

 

3,460

 

 

13,853

 

 

92,947

 

Total unproved properties, not subject to amortization

$

154,783

 

$

6,087

 

$

8,187

 

$

42,928

 

$

97,581

 

 

Schedule of Asset Retirement Obligations

The asset retirement obligations included in the Consolidated Balance Sheets in current and non-current liabilities, and the changes in that liability were as follows (in thousands):

 

Year Ended December 31,

 

 

2022

 

2021

 

Balance, beginning of period

$

434,006

 

$

442,269

 

Obligations acquired

 

 

 

433

 

Obligations incurred

 

1,140

 

 

52

 

Obligations settled

 

(69,596

)

 

(67,988

)

Obligations divested

 

(1,572

)

 

(340

)

Accretion expense

 

55,995

 

 

58,129

 

Changes in estimate(1)

 

121,688

 

 

1,451

 

Balance, end of period

$

541,661

 

$

434,006

 

Less: Current portion

 

39,888

 

 

60,311

 

Long-term portion

$

501,773

 

$

373,695

 

 

(1)
Changes in estimate for the year ended December 31, 2022 were primarily due to an increase in estimated service costs.