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Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2020

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations

The following is a reconciliation of the changes in the Company’s liabilities for asset retirement obligations as of June 30, 2020 and December 31, 2019:

		Six Months Ended June 30, 2020				Year Ended December 31, 2019
		(in thousands)
Balance, beginning of year		$	819			$	939
Accretion			15				22
Sold/Plugged			(12	)			(130	)
New drilled wells			-				2
Change in discount rate			-				(14	)
Liabilities incurred for acquisition of New Horizon wells			163				-
Balance, end of period		$	985			$	819

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- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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