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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2021
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation The following is a reconciliation of our liability for plugging and abandonment costs as of December 31, 2021 and 2020 (in thousands):

 

 

2021

 

 

2020

 

Beginning of period

 

$

79,822

 

 

$

251,076

 

Liabilities incurred

 

 

73

 

 

 

1,483

 

Acquisitions

 

 

 

 

 

123

 

Liabilities settled

 

 

(8,197

)

 

 

(4,634

)

Disposition of wells

 

 

 

 

 

(176,748

)

Accretion expense

 

 

5,511

 

 

 

7,518

 

Change in estimate

 

 

18,627

 

 

 

1,004

 

End of period

 

 

95,836

 

 

 

79,822

 

Less current portion

 

 

(5,310

)

 

 

(6,689

)

Long-term asset retirement obligations

 

$

90,526

 

 

$

73,133