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Property and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment is stated at cost and consisted of the following:

			September 30, 2025						December 31, 2024
			(In thousands)
Oil and gas properties:
Proved properties			$	8,453,867					$	8,342,353
Unproved properties			399,539						386,292
Total oil and gas properties			8,853,406						8,728,645
Accumulated depletion			(4,648,519)						(4,288,215)
Oil and gas properties, net			4,204,887						4,440,430
Other property			67,486						66,675
Accumulated depreciation			(63,838)						(62,884)
Other property, net			3,648						3,791
Property and equipment, net			$	4,208,535					$	4,444,221

We recorded depletion expense of $131.7 million and $110.4 million for the three months ended September 30, 2025 and 2024, respectively, and $384.8 million and $283.7 million for the nine months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025, additions to our proved properties primarily related to development costs associated with the first phase of the GTA development in Mauritania and Senegal and infill development in the Jubilee Field in Ghana.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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