Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligations

v3.22.2.2
Asset Retirement Obligations
9 Months Ended
Sep. 30, 2022
Asset Retirement Obligations  
Asset Retirement Obligations

(8) Asset Retirement Obligations

The following table presents a reconciliation of the Company’s asset retirement obligations (in thousands):

Asset retirement obligations—December 31, 2021

   

$

53,952

Obligations incurred

2,445

Accretion expense

4,069

Settlement of obligations

(946)

Obligations on sold properties

(42)

Revisions to prior estimates

(1,467)

Asset retirement obligations—September 30, 2022

$

58,011

Asset retirement obligations are included in Other liabilities on the Company’s condensed consolidated balance sheets.