Risk Factors Update Summary
- Impairment charges of $142.9 million were recorded in 2023, including $77.7 million related to Goodwill and $65.2 million related to Oil and natural gas properties.
- Conflicts in Ukraine and the Middle East have increased and contributed to significant volatility in oil, natural gas, and NGL prices.
- Changes in tax laws could adversely affect the company's business, results of operations, financial condition, and cash flows.
- Interest rates have remained elevated, impacting inflation rates and resulting in increased costs for goods and services.
- The maximum civil penalties that PHMSA can impose have increased to $266,142 per violation per day, with a maximum of $2,660,412 for a related series of violations.
- A change of control could limit the company's use of tax attributes, potentially affecting its financial position.
- Methane emissions charges are expected to increase annually, starting at $900 per ton in 2025.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1866175&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.