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Other Long-Term Obligations and Commitments (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Operating and Financing Lease Obligation

The payment schedule for the Company’s operating lease obligations as of March 31, 2022 is as follows:

(Thousands of dollars)		Operating Leases
2022		$	451
2023			150
Total undiscounted lease payments		$	601
Less: Amount associated with discounting			(51	)
Net operating lease liabilities		$	550

Reconciliation of Liability for Plugging and Abandonment Costs

A reconciliation of the liability for plugging and abandonment costs for the three months ended March 31, 2022 is as follows:

(Thousands of dollars)		March 31, 2022
Asset retirement obligation at December 31, 2021		$	14,295
Liabilities incurred			—
Liabilities settled			(498	)
Accretion expense			170
Asset retirement obligation at March 31, 2022		$	13,967

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Leases of lessee disclosure [Table text block].

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13201-110859

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