Chord Energy Corp
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
. Asset Retirement Obligations
- Asset Retirement Obligations
The following table reflects the changes in the Company’s ARO during the three months ended March 31, 2024 (in thousands):
| Balance at December 31, 2023 | $165,546 |
|---|---|
| Liabilities incurred during period | 973 |
| Liabilities settled during period | 1,317 |
| Accretion expense during period | 2,913 |
| Balance at March 31, 2024 | $170,749 |
Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At March 31, 2024, the current portion of the total ARO balance was $15.1 million and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.