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Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2021
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation A reconciliation of our liability for plugging and abandonment costs for the six months ended June 30, 2021 and the year ended December 31, 2020 is as follows (in thousands):

 

 

 

Six Months
Ended
June 30,
 2021

 

 

Year
Ended
December 31,
2020

 

Beginning of period

 

$

79,822

 

 

$

251,076

 

Liabilities incurred

 

 

60

 

 

 

1,483

 

Acquisitions

 

 

 

 

 

123

 

Liabilities settled

 

 

(2,985

)

 

 

(4,634

)

Disposition of wells

 

 

 

 

 

(176,748

)

Accretion expense

 

 

2,639

 

 

 

7,518

 

Change in estimate

 

 

2,118

 

 

 

1,004

 

End of period

 

 

81,654

 

 

 

79,822

 

Less current portion

 

 

(6,689

)

 

 

(6,689

)

Long-term asset retirement obligations

 

$

74,965

 

 

$

73,133