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ASSET RETIREMENT OBLIGATIONS
6 Months Ended
Jun. 30, 2023
ASSET RETIREMENT OBLIGATIONS  
ASSET RETIREMENT OBLIGATIONS

NOTE 7 – ASSET RETIREMENT OBLIGATIONS

 

Activity related to the Company’s asset retirement obligations is as follows (in thousands):

 

 

 

Six Months Ended June 30, 2023

 

Balance at the beginning of the period (1)

 

$3,161

 

Accretion expense

 

 

333

 

Changes in estimates, net

 

 

31

 

Balance at end of period (2)

 

$3,525

 

 

 

(1)

Includes $472,000 of current asset retirement obligations at December 31, 2022.

 

 

 

 

(2)

Includes $699,000 of current asset retirement obligations at June 30, 2023.