Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Change in Asset Retirement Obligation

NOTE 10 - ASSET RETIREMENT OBLIGATIONS

The following table presents the changes in carrying amounts of the asset retirement obligations associated with our working interests in crude oil and natural gas properties for the six months ended June 30, 2022:

	(in thousands)
Asset retirement obligations at beginning of period	$	159,672
Obligations incurred with development activities and other	2,744
Obligations incurred with acquisition	22,926
Accretion expense	6,339
Revisions in estimated cash flows	(284)
Obligations discharged with asset retirements and divestitures	(13,464)
Asset retirement obligations at end of period	177,933
Current portion (1)	(31,913)
Long-term portion	$	146,020

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(1) The current portion of the asset retirement obligation is included in other accrued expenses on our condensed consolidated balance sheets.