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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2021
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligation

The following table documents the changes in the Company’s asset retirement obligation during the years ended December 31 (dollars in thousands):

 

 

 

2021

 

 

2020

 

 

2019

 

Asset retirement obligation at beginning of year

 

$

17,194

 

 

$

20,338

 

 

$

18,266

 

Liabilities incurred

 

 

825

 

 

 

(2,315

)

 

 

2,699

 

Liabilities settled

 

 

(1,541

)

 

 

(1,645

)

 

 

(1,503

)

Accretion expense

 

 

664

 

 

 

816

 

 

 

876

 

Asset retirement obligation at end of year

 

$

17,142

 

 

$

17,194

 

 

$

20,338