Asset Retirement Obligations

9 Months Ended

Sep. 30, 2025

Asset Retirement Obligation Disclosure [Abstract]

The following table reflects the changes in the Company’s ARO during the nine months ended September 30, 2025 (in thousands):


	(In thousands)

Balance at December 31, 2024	$	308,434

Liabilities incurred during period	3,681

Liabilities settled during period	(21,163)
Liabilities settled through divestitures	(82)
Accretion expense during period	27,349
Revisions to estimates	98,683

Balance at September 30, 2025	$	416,902

The Company’s ARO includes plugging and abandonment liabilities for its oil and gas properties in the United States and Canada. The revisions to estimates of $98.7 million included in the table above relate to updates in the plugging and abandonment cost estimates of the Company’s wells in North Dakota recorded during the three months ended June 30, 2025. Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At September 30, 2025, the current portion of the total ARO balance was $16.5 million and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.

Chord Energy Corp 10-Q