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Reconciliation of Asset Retirement Obligation Liability (Tables)
 12 Months Ended
Dec. 31, 2022
Asset Retirement Obligation [Abstract]  
Schedule of change in asset retirement obligation liability
The following is a reconciliation of the Company’s total asset retirement obligation liability as of December 31, 2022, and 2021:
As of December 31,
20222021
(in thousands)
Beginning asset retirement obligations$101,424 $85,325 
Liabilities incurred (1)
2,086 1,715 
Liabilities settled (2)
(6,356)(1,948)
Accretion expense
5,344 4,159 
Revision to estimated cash flows
12,815 12,173 
Ending asset retirement obligations (3)
$115,313 $101,424 
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(1)Reflects liabilities incurred through drilling activities.
(2)Reflects liabilities settled through plugging and abandonment activities and divestitures of properties.
(3)Balances as of December 31, 2022, and 2021, included $7.1 million and $4.1 million, respectively, related to the Company’s current asset retirement obligation liability, which is recorded in the accounts payable and accrued expenses line item on the accompanying balance sheets.