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Asset Retirement Obligations

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

Asset Retirement Obligations

The following table reflects the changes in the Company’s ARO:

			Year Ended December 31,
			2023						2022
			(In thousands)
Asset retirement obligation — beginning of period			$	165,405					$	62,416
Liabilities incurred during period			1,238						852
Liabilities incurred through acquisitions			6,771						87,265
Liabilities settled during period			(4,389)						(4,532)
Liabilities settled through divestitures			(31,844)						(8,535)
Accretion expense during period			11,183						7,613
Revisions to estimates			17,182						20,326
Asset retirement obligation — end of period			$	165,546					$	165,405

At December 31, 2023 and 2022, the current portion of the total ARO balance was approximately $10.5 million and $19.4 million, respectively, and is included in accrued liabilities on the Company’s Consolidated Balance Sheets.

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- References

No definition available.

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- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481850/410-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//410-20/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 20
-Topic 410
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481850/410-20-50-2

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