In third quarter 2020, we sold our North Louisiana assets and retained certain gathering, transportation and processing obligations which extend into 2030. These are contracts where we will not realize any future benefit. The estimated obligations are included in current and long-term divestiture contract obligation in our consolidated balance sheets. In first six months 2025, we recorded accretion expense of $17.4 million compared to $20.3 million in the same period of the prior year.

The following details the accrued exit cost liability activity for the six months ended June 30, 2025 (in thousands):


	Exit Costs
Balance at December 31, 2024		344,308
Accretion of discount		17,399
Payments		(48,988	)
Balance at June 30, 2025	$	312,719