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ASSET RETIREMENT OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]  
SCHEDULE OF ASSET RETIREMENT OBLIGATION

The following is a reconciliation of the changes in the Company’s liabilities for asset retirement obligations as of March 31, 2023 and December 31, 2022:

 

  

March 31, 2023

   December 31, 2022 
   (in thousands) 
Balance, beginning of year  $15,442   $1,461 
Acquired   11    11,811 
Cost and life revisions   41   1,825 
Plugged   (11)   (407)
Sold   -    (189)
Accretion   265    941 
Balance, end of period  $15,748   $15,442