Asset Retirement Obligations (Tables)

3 Months Ended

Mar. 31, 2021

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations

The following table shows certain information about our estimated AROs for the periods indicated:

	Successor		Predecessor
	Three Months Ended March 31, 2021		Three Months Ended March 31, 2020
	(In thousands)
ARO liability, January 1:	$	23,356	$	66,627
Accretion of discount	461		596
Liability incurred	—		314
Liability settled	(16)		(319)
Liability sold	(2)		(15)
Revision of estimates (1)	44		(3,384)
ARO liability, March 31:	23,843		63,819
Less current portion	2,161		1,470
Total long-term ARO	$	21,682	$	62,349

_______________________ 1.Plugging liability estimates were revised in 2020 for updates in the cost of services used to plug wells over the preceding year. We had various upward and downward adjustments.