ASSET RETIREMENT OBLIGATIONS

9 Months Ended

Sep. 30, 2022

Asset Retirement Obligation Disclosure [Abstract]

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS

The following table summarizes the changes in the Company’s asset retirement obligations for the nine months ended September 30, 2022 (in thousands).

Beginning asset retirement obligations	$	41,959
Liabilities incurred during period	3,164
Liabilities settled during period	(1,198)
Revisions in estimated cash flows	10,794
Divestitures during period	(4,304)
Accretion expense	1,739
Ending asset retirement obligations	52,154
Less: current asset retirement obligations(1)	(447)
Long-term asset retirement obligations	$	51,707

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(1)Included in accrued liabilities in the Company’s interim unaudited condensed consolidated balance sheet at September 30, 2022.