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CRUDE OIL, NATURAL GAS AND NGLS PROPERTIES AND EQUIPMENT

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

CRUDE OIL, NATURAL GAS AND NGLS PROPERTIES AND EQUIPMENT

CRUDE OIL, NATURAL GAS AND NGLS PROPERTIES AND EQUIPMENT

The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:

			As of September 30, 2024						As of December 31, 2023
			(in thousands)
Crude oil, natural gas and NGLs properties and equipment - successful efforts method:
Wells, platforms and other production facilities			$	1,606,047					$	1,468,542
Work-in-progress			12,242						4,183
Undeveloped acreage			53,780						52,109
Equipment and other			67,239						47,794
Total crude oil, natural gas and NGLs properties, equipment and other			1,739,308						1,572,628
Accumulated depreciation, depletion, amortization and impairment			(1,207,719)						(1,112,842)
Net crude oil, natural gas and NGLs properties, equipment and other			$	531,589					$	459,786

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- Definition

The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/932-360/tableOfContent

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- References

No definition available.

+ Details

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