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ASSET RETIREMENT OBLIGATIONS
 9 Months Ended
Sep. 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):

 

 

 

Nine Months Ended September

30, 2023

 

Balance at the beginning of the period (1)

 

$3,161

 

Accretion expense

 

 

642

 

Liabilities settled

 

 

(42)

Changes in estimates, net

 

 

131

 

Balance at end of period (2)

 

$3,892

 

 

 

(1)

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

 

 

 

 

(2)

Includes $896,000 of current asset retirement obligations at September 30, 2023.