v3.26.1
Asset Retirement Obligations
6 Months Ended
Jun. 30, 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 six months ended June 30, 2026 (in thousands):

Asset retirement obligations at beginning of period

$

72,676

Liabilities added from acquisition or drilling

 

Liabilities settled

 

(60)

Liabilities removed upon sale of wells

 

Accretion expense

 

2,518

Revision of estimates

 

43

Asset retirement obligation at end of period

 

75,177

Less: Current portion

 

420

Asset retirement obligations - long-term portion

$

74,757