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ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
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,
20242023
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 expense23,327 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 portion399,002 $305,716 
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(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.