Chord Energy Corp
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
. Asset Retirement Obligations
- Asset Retirement Obligations
The following table reflects the changes in the Company’s ARO during the nine months ended September 30, 2024 (in thousands):
| Balance at December 31, 2023 | $165,546 |
|---|---|
| Liabilities assumed in Arrangement | 138,489 |
| Liabilities incurred during period | 2,721 |
| Liabilities settled during period | (7,550) |
| Liabilities settled through divestitures | (269) |
| Accretion expense during period | 11,307 |
| Revisions to estimates | 1,594 |
| Liabilities held for sale | (1,587) |
| Balance at September 30, 2024 | $310,251 |
The Company’s ARO includes plugging and abandonment liabilities for its oil and gas properties in the United States and Canada. Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At September 30, 2024, the current portion of the total ARO balance was $30.4 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.