Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Schedule of changes in Company's asset retirement obligations

The following table summarizes the changes in the Company’s asset retirement obligations for the years ended December 31, 2023 and 2022 (in thousands). 

	Year Ended December 31,
	2023		2022
Beginning asset retirement obligations	$	53,741	$	41,959
Liabilities incurred during period	6,944		4,069
Liabilities settled during period	(1,634)		(1,198)
Revisions in estimated cash flows	21,642		10,794
Acquisitions during the period	8,326		—
Divestitures during the period	(872)		(4,304)
Accretion expense	3,943		2,421
Ending asset retirement obligations	92,090		53,741
Less: current asset retirement obligations(1)	(4,605)		(756)
Long-term asset retirement obligations	$	87,485	$	52,985

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(1)Included in “Accrued liabilities” in the Company’s consolidated balance sheets at December 31, 2023 and 2022.