ASSET RETIREMENT OBLIGATIONS AND RESTRICTED CASH (Tables)

3 Months Ended

Mar. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Change in Asset Retirement Obligation

The following table summarizes the Company’s asset retirement obligations:


	March 31, 2023		December 31, 2022
Asset retirement obligations, beginning of period	$	9,595	$	13,687
Revision of estimate	—		(238)

Accretion of liabilities	346		1,556

Held for sale(1)	(79)		(5,410)
Asset retirement obligations, end of period	$	9,862	$	9,595

(1)Asset retirement obligations held for sale as of December 31, 2022 are related to Alta Mesa and are included as asset retirement obligation and other liabilities held for sale on the Condensed Consolidated Balance Sheets. Asset retirement obligations held for sale as of March 31, 2023 are related to the accretion expense on Alta Mesa through the closing date and is included within Gain on sale of assets on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). See Note 5 – Property, Plant and Equipment and Mineral Properties for more information.

Schedule of Restricted Cash and Cash Equivalents

The following table summarizes the Company’s restricted cash:


	March 31, 2023		December 31, 2022
Restricted cash, beginning of period	$	17,449	$	20,305
Additional collateral posted	59		734

Held for sale(1)	—		(3,590)
Restricted cash, end of period	$	17,508	$	17,449

(1)Restricted cash held for sale is related to Alta Mesa and is included as Asset retirement obligation and other liabilities held for sale on the Condensed Consolidated Balance Sheets. As of March 31, 2023, $3.48 million has been released and reclassified from Asset retirement obligation and other liabilities held for sale to cash and cash equivalents on the Condensed Consolidated Balance Sheets. The remaining $0.11 million was reclassified Restricted cash on the Condensed Consolidated Balance Sheets. See Note 5 – Property, Plant and Equipment and Mineral Properties for more information.