v3.25.2
Asset Retirement Obligations
6 Months Ended
Jun. 30, 2025
Asset Retirement Obligations  
Asset Retirement Obligations

Note 7. 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, 2025 (in thousands):

Asset retirement obligations at beginning of period

$

131,077

Liabilities added from acquisition or drilling

 

7

Liabilities settled

 

(525)

Liabilities removed upon sale of wells

 

(797)

Accretion expense

 

4,393

Revision of estimates

 

19

Asset retirement obligation at end of period

 

134,174

Less: Current portion

 

1,377

Less: Long-term portion - assets held for sale

1,333

Asset retirement obligations - long-term portion

$

131,464