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Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2022
Asset Retirement Obligations  
Summary of Changes in Asset Retirement Obligations

The Company’s asset retirement obligations primarily relate to the Company’s portion of future plugging and abandonment costs for wells and related facilities. The following table presents the changes in the asset retirement obligations for the six months ended June 30, 2022 (in thousands):

Asset retirement obligations at beginning of period

$

103,414

Liabilities added from acquisition or drilling

 

20

Liabilities settled

 

(389)

Liabilities removed upon sale of wells

 

Accretion expense

 

3,469

Revision of estimates

 

97

Asset retirement obligation at end of period

 

106,611

Less: Current portion

 

1,257

Asset retirement obligations - long-term portion

$

105,354