Quarterly report [Sections 13 or 15(d)]

ASSET RETIREMENT OBLIGATIONS (Tables)

v3.25.2
ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Changes in Asset Retirement Obligations A summary of the changes to ARO is as follows (in thousands):

Six Months Ended June 30, 

    

2025

    

2024

Asset retirement obligations, beginning of period

$

548,832

$

498,815

Liabilities settled

 

(15,978)

 

(11,997)

Accretion expense

 

17,073

 

16,369

Liabilities acquired

 

 

17,647

Disposition of oil and natural gas properties

(1,469)

Liabilities incurred

1,029

Revisions of estimated liabilities

 

7,306

 

13,641

Asset retirement obligations, end of period

556,793

534,475

Less: Current portion

 

(31,813)

 

(35,627)

Long-term

$

524,980

$

498,848