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Property, Plant and Equipment | 9 Months Ended
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Sep. 30, 2023
Oil and Gas Property [Abstract] |
Property, Plant and Equipment | Note 3 — Property, Plant and Equipment Proved Properties During the three and nine months ended September 30, 2023 and 2022, the Company’s ceiling test computations did no t result in a write-down of its U.S. oil and natural gas properties. At September 30, 2023, the Company’s ceiling test computation was based on SEC pricing of $80.46 per Bbl of oil, $3.58 per Mcf of natural gas and $20.44 per Bbl of NGLs. Asset Retirement Obligations The asset retirement obligations included in the Condensed Consolidated Balance Sheets in current and non-current liabilities, and the changes in that liability were as follows (in thousands):
Asset retirement obligations at December 31, 2022 | $ | 541,661 |
Obligations assumed(1) |  | 258,858 |
Obligations incurred |  | 297 |
Obligations settled |  | (71,097 | )
Obligations divested |  | (19,417 | )
Accretion expense |  | 63,430 |
Changes in estimate |  | 43,116 |
Asset retirement obligations at September 30, 2023 | $ | 816,848 |
Less: Current portion at September 30, 2023 |  | 69,288 |
Long-term portion at September 30, 2023 | $ | 747,560 |
(1) Assumed in connection with the EnVen Acquisition. See further discussion in Note 2 — Acquisitions and Divestitures. At September 30, 2023, the Company has (1) restricted cash of $101.8 million inclusive of interest earned to date, held in escrow and (2) the P&A Notes Receivable of $15.8 million to settle future asset retirement obligations. These assets are discussed in Note 1 — Organization, Nature of Business and Basis of Presentation. During the three and nine months ended September 30, 2023, the Company recognized interest income of $0.4 million and $1.0 million, respectively, related to the P&A Notes Receivable.

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//932-360/tableOfContent + Details
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- References No definition available. + Details
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