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Exit Costs (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of Exit Costs

The following summarizes our exit costs for the three years ended December 31, 2024, 2023 and 2022 (in thousands):

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Transportation contract capacity releases

 

126

 

 

$

345

 

 

$

579

 

Divestiture contract obligation

 

37,088

 

 

 

99,595

 

 

 

69,758

 

     Total exit costs

$

37,214

 

 

$

99,940

 

 

$

70,337

 

Exit Costs Included in Accrued Liabilities in Consolidated Balance Sheet

The following details the accrued exit cost liability activity for the years ended December 31, 2024 and 2023 (in thousands):

 

Exit Costs

 

 

Louisiana

 

 

Pennsylvania Pipeline

 

Balance at December 31, 2022

$

390,620

 

 

$

5,060

 

Accretion of discount

 

41,860

 

 

 

345

 

Changes in estimate

 

57,735

 

 

 

 

Payments

 

(92,766

)

 

 

(2,865

)

Balance at December 31, 2023

 

397,449

 

 

 

2,540

 

Accretion of discount

 

39,185

 

 

 

126

 

Changes in estimate

 

(2,097

)

 

 

 

Payments

 

(90,229

)

 

 

(2,666

)

Balance at December 31, 2024

$

344,308

 

 

$

 

Schedule of Estimated Settlement of Divestiture Contract Obligation Based On Discounted Value

As of December 31, 2024, our estimated settlement of the remaining divestiture contract obligation based on a discounted value is as follows (in thousands):

 

Divestiture
Contract
Obligation

 

2025

$

86,991

 

2026

 

68,458

 

2027

 

58,781

 

2028

 

53,756

 

2029

 

48,814

 

Thereafter

 

27,508

 

 

$

344,308