Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2021

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations

The following table shows certain information about our estimated AROs for the periods indicated:

	Successor		Predecessor
	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
	(In thousands)
ARO liability, January 1:	$	23,356	$	66,627
Accretion of discount	931		1,169
Liability incurred	1		460
Liability settled	(302)		(435)
Liability sold	(721)		(463)
Revision of estimates (1)	(93)		(3,110)
ARO liability, June 30:	23,172		64,248
Less: current portion	2,132		1,104
Total long-term ARO	$	21,040	$	63,144

_______________________ 1.Plugging liability estimates were revised in 2020 for updates in the cost of services used to plug wells over the preceding year. We had various upward and downward adjustments.