Diamondback Energy Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
7. Asset Retirement Obligations
- ASSET RETIREMENT OBLIGATIONS
The following table describes the changes to the Company’s asset retirement obligations liability for the following periods:
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (In millions) | ||
| Asset retirement obligations, beginning of period | $245 | $347 |
| Additional liabilities incurred | 5 | 5 |
| Liabilities acquired | 191 | 7 |
| Liabilities settled and divested | (21) | (83) |
| Accretion expense | 13 | 12 |
| Revisions in estimated liabilities | 75 | (42) |
| Asset retirement obligations, end of period | 508 | 246 |
| Less current portion(1) | 15 | 6 |
| Asset retirement obligations - long-term | $493 | $240 |
(1) The current portion of the asset retirement obligation is included in the caption “Other accrued liabilities” in the Company’s condensed consolidated balance sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.