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ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2022
ASSET RETIREMENT OBLIGATIONS  
Schedule of activity related to ARO liability

The Company recorded the following activity related to its ARO liability (inclusive of the current portion) (in thousands):

For the Year Ended December 31,

2022

  

2021

Asset retirement obligations at beginning of the period

$

11,896

$

10,583

Accretion expense

528

477

Liabilities incurred

151

111

Liabilities settled/divested

(647)

Revisions to estimate

3,541

725

Asset retirement obligations at end of period

15,469

11,896

Less: current asset retirement obligations

(225)

Long-term asset retirement obligations at the end of the period

$

15,244

$

11,896