v3.26.1
Asset Retirement Obligations
3 Months Ended
Mar. 31, 2026
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 three months ended March 31, 2026 (in thousands):

Asset retirement obligations at beginning of period

$

72,676

Liabilities added from acquisition or drilling

 

Liabilities settled

 

Liabilities removed upon sale of wells

 

Accretion expense

 

1,248

Revision of estimates

 

Asset retirement obligation at end of period

 

73,924

Less: Current portion

 

420

Asset retirement obligations - long-term portion

$

73,504