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CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Properties and Equipment | The Company’s crude oil, natural gas and NGLs properties and equipment, net, at December 31, 2024 and 2023, respectively, is comprised of the following:
|  | 2024 |  | 2023
|  | (in thousands)
Crude oil, natural gas and NGLs properties and equipment, net |  |  |  |
Wells, platforms and other production facilities |  | $ | 1,593,243 |  |  | $ | 1,468,542 |
Work-in-progress |  | 44,517 |  |  | 4,183 |
Unproved properties |  | 60,761 |  |  | 52,109 |
Capitalized equipment, spare parts and other |  | 75,581 |  |  | 47,794 |
|  | 1,774,102 |  |  | 1,572,628 |
Accumulated depreciation, depletion, amortization and impairment |  | (1,235,999) |  |  | (1,112,842) |
Crude oil, natural gas and NGLs properties and equipment, net |  | $ | 538,103 |  |  | $ | 459,786 |
Schedule of Unproved Property Costs | See the table below for the list of unproved property costs at December 31, 2024 and 2023, respectively:
| 2024 |  | 2023
| (in thousands)
Unproved Property Costs |  |  |
Etame Marin Block | $ | 13,735 |  |  | $ | 13,735 |
Equatorial Guinea | 10,000 |  |  | 10,000 |
Egypt | 11,542 |  |  | 11,444 |
Cote d'Ivoire | 12,775 |  |  | — |
Canada | 12,709 |  |  | 16,930 |
Unproved Property Costs | $ | 60,761 |  |  | $ | 52,109 |

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