Annual report [Section 13 and 15(d), not S-K Item 405]

ASSET RETIREMENT OBLIGATIONS

v3.25.0.1
ASSET RETIREMENT OBLIGATIONS
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
ASSET RETIREMENT OBLIGATIONS

NOTE 4 ASSET RETIREMENT OBLIGATIONS

The changes in ARO were as follows (in thousands):

Year Ended December 31, 

    

2024

    

2023

Asset retirement obligations, beginning of period

$

498,815

$

466,430

Liabilities settled

 

(39,692)

 

(33,970)

Accretion expense

 

32,374

 

29,018

Liabilities acquired

 

17,647

 

16,352

Liabilities incurred

129

Revisions of estimated liabilities

 

39,688

 

20,856

Asset retirement obligations, end of period

548,832

498,815

Less: Current portion

 

(46,326)

 

(31,553)

Long-term

$

502,506

$

467,262