Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2021

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations

The following table summarizes changes in the Company’s asset retirement obligations (“ARO”) that are associated with its oil and gas properties for the periods presented:

(in thousands)	December 31, 2021		December 31, 2020
Asset retirement obligations, beginning of period	$	17,009	$	16,874
Liabilities incurred	194		589
Liabilities on acquired properties	—		147
Liabilities divested and settled	(1,226)		(578)
Accretion expense	1,208		1,128
Revision to estimated cash flows	55		(1,151)
Asset retirement obligations, end of period	$	17,240	$	17,009