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CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET | CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:
| As of June 30, 2025 |  | As of December 31, 2024
| (in thousands)
Crude oil, natural gas and NGLs properties and equipment, net |  |  |
Wells, platforms and other production facilities | $ | 1,617,365 |  |  | $ | 1,593,243 |
Work-in-progress | 105,131 |  |  | 44,517 |
Unproved properties | 66,576 |  |  | 60,761 |
Capitalized equipment, spare parts and other | 90,165 |  |  | 75,581 |
| 1,879,237 |  |  | 1,774,102 |
Accumulated depreciation, depletion, amortization and impairment | (1,291,974) |  |  | (1,235,999) |
Crude oil, natural gas and NGLs properties and equipment, net | $ | 587,263 |  |  | $ | 538,103 |

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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 + Details
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- References No definition available. + Details
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