Refinery and Facilities. Management has concluded that there is no legal or contractual obligation to dismantle or remove our refinery and facilities assets. Management believes that our refinery and facilities assets have indeterminate lives under FASB ASC guidance for estimating AROs because dates or ranges of dates upon which we would retire these assets cannot reasonably be estimated at this time. When a legal or contractual obligation to dismantle or remove refinery and facilities assets arises and a date or range of dates can reasonably be estimated for the retirement of these assets, we will estimate the cost of performing the retirement activities and record a liability for the fair value of that cost using present value techniques.

Pipelines and Facilities and Oil and Gas Properties. We have AROs associated with decommissioning our pipelines and facilities assets, as well as for plugging and abandoning our oil and gas assets. We record a liability for the fair value of an ARO at the time the asset is installed or placed in service. From time to time we adjust the liability due to changes in estimates or the timing of decommissioning the assets. ARO liability as of the dates indicated was as follows:

BDPL's ARO estimate was  $5.2 million and $6.0 million related to decommissioning our pipeline and facilities assets at  June 30, 2026 and December 31, 2025, respectively. During the twelve months ended  December 31, 2025, we determined that the estimated future cost of decommissioning these assets changed, and as a result, we recorded a $3.0 million increase in our ARO liability. This increase resulted in a $3.0 million ARO asset impairment. During the three and six months ended June 30, 2026, we settled $0.9 million in our pipeline ARO. See "Note (14)" for additional disclosures related to our pipelines and facilities assets.