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ASSET RETIREMENT OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
Asset Retirement Obligation Disclosure [Abstract] |
Schedule of Asset Retirement Obligation Changes | A roll-forward of our asset retirement obligation is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023
Balance, beginning of year | $ | 336,832 |  |  | $ | 291,026 |
Additional liabilities incurred with development activities and other | 8,556 |  |  | 7,516 |
Additional liabilities incurred with acquisitions | 37,251 |  |  | 40,373 |
Liabilities settled | (46,526) |  |  | (19,136) |
Accretion expense | 23,327 |  |  | 17,053 |
Revisions to estimate(1) | 126,174 |  |  | — |
Obligations discharged with divestitures | (27,976) |  |  | — |
Balance, end of year | $ | 457,638 |  |  | $ | 336,832 |
Current portion(2) | 58,636 |  |  | 31,116 |
Long-term portion | 399,002 |  |  | $ | 305,716 |
___________________________ (1)Revisions to estimates for the year ended December 31, 2024 were primarily a result of (a) increases in our estimated plugging and abandonment cost driven by increased regulatory burden, service costs, complexity of plugging activities, and reclamation and environmental obligations that arose from normal operation of the assets, as evidenced through our plugging program activities during 2024, particularly in the DJ Basin, and (b) the acceleration of the estimated settlement date for certain wells.

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- Definition Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 + Details
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