Annual report [Section 13 and 15(d), not S-K Item 405]

ASSET RETIREMENT OBLIGATIONS

v3.25.0.1
ASSET RETIREMENT OBLIGATIONS
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
ASSET RETIREMENT OBLIGATIONS

NOTE 4 — ASSET RETIREMENT OBLIGATIONS

The changes in ARO were as follows (in thousands):

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Year Ended December 31, 

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2024

    

2023

Asset retirement obligations, beginning of period

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$

498,815

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$

466,430

Liabilities settled

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(39,692)

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(33,970)

Accretion expense

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32,374

​

 

29,018

Liabilities acquired

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17,647

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16,352

Liabilities incurred

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​

—

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​

129

Revisions of estimated liabilities

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39,688

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20,856

Asset retirement obligations, end of period

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​

548,832

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​

498,815

Less: Current portion

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(46,326)

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(31,553)

Long-term

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$

502,506

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$

467,262

​