Costs Incurred for Property Acquisition, Exploration and Development (Tables)

3 Months Ended

Mar. 31, 2015

Costs Incurred for Property Acquisition, Exploration and Development

	Three Months Ended March 31, 2015		Year Ended December 31, 2014
	(in thousands)
Acquisitions	$	—	$	404,252	^(b)
Acreage purchases		13,354		226,475
Development		240,792		1,119,896
Exploration:
Drilling		21,056		180,925
Expense		7,154		58,979
Stock-based compensation expense		732		4,569
Gas gathering facilities:
Development		2,184		13,137
Subtotal		285,272		2,008,233
Asset retirement obligations		15,813		56,822
Total costs incurred	$	301,085	$	2,065,055

^(a)	Includes costs incurred whether capitalized or expensed.

^(b)	The year ended December 31, 2014 represents the EQT assets in Virginia we received as part of the Conger Exchange transaction. The transaction was recorded at fair value and we also received $145.0 million in cash, before closing adjustments.

- Definition

Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities.

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