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Asset Retirement Obligations (Tables) | 12 Months Ended
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Jun. 30, 2022
Asset Retirement Obligations |
Schedule of Reconciliations of the Beginning and Ending Asset Retirement Obligation Balances | ​ The following is a reconciliation of the activity related to the Company’s ARO liability (inclusive of the current portion) for the years ended June 30, 2022 and 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | Years Ended
|  | June 30, 2022 |  | June 30, 2021
Asset retirement obligations — beginning of period | ​ | $ | 5,583 | ​ | $ | 2,589
Liabilities incurred | ​ | ​ | 219 | ​ | ​ | —
Liabilities settled(1) | ​ | ​ | (17) | ​ | ​ | (99)
Liabilities acquired(2) | ​ | ​ | 5,400 | ​ | ​ | 2,806
Accretion of discount | ​ | ​ | 531 | ​ | ​ | 210
Revisions of previous estimates(3) | ​ | ​ | 2,205 | ​ | ​ | 77
Asset retirement obligations — end of period | ​ | ​ | 13,921 | ​ | ​ | 5,583
Less: current asset retirement obligations | ​ | ​ | (22) | ​ | ​ | (44)
Long-term portion of asset retirement obligations | ​ | $ | 13,899 | ​ | $ | 5,539
(1) | Primarily related to abandonment of one Delhi Field and one Hamilton Dome Field well for the year ended June 30, 2022 and abandonment of two non-scheduled Delhi Field wells for the year ended June 30, 2021.
(2) | Liabilities acquired during the years ended June 30, 2022 and 2021 were primarily due to the Jonah Field Acquisition and the Williston Basin Acquisition in 2022, and the Barnett Shale Acquisition in 2021. See Note 4, “Acquisitions,” for additional information on the Company’s acquisition activities.
(3) | Primarily related to upward revisions for increased estimates for the year ended June 30, 2022 and two difficult-to-plug Delhi Field wells for the year ended June 30, 2021.

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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 + Details
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