XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Asset Retirement Obligations | 9 Months Ended
--- | ---
Sep. 30, 2024
Asset Retirement Obligation Disclosure [Abstract] |
Asset Retirement Obligations | Asset Retirement Obligations The following table reflects the changes in the Company’s ARO during the nine months ended September 30, 2024 (in thousands):
Balance at December 31, 2023 | $ | 165,546 |
Liabilities assumed in Arrangement | 138,489 |
Liabilities incurred during period | 2,721 |
Liabilities settled during period | (7,550) |
Liabilities settled through divestitures | (269) |
Accretion expense during period | 11,307 |
Revisions to estimates | 1,594 |
Liabilities held for sale | (1,587) |
Balance at September 30, 2024 | $ | 310,251 |
The Company’s ARO includes plugging and abandonment liabilities for its oil and gas properties in the United States and Canada. Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At September 30, 2024, the current portion of the total ARO balance was $30.4 million and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.

X
- References No definition available. + Details
Name: | us-gaap_AssetRetirementObligationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration