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CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET (Tables)

12 Months Ended

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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- Definition

Tabular disclosure of information about capitalized cost in oil- and gas-producing activities.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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