XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.1
EXPLORATORY WELL COSTS
 3 Months Ended
Mar. 31, 2022
Exploratory Well Cost [Abstract]  
EXPLORATORY WELL COSTS EXPLORATORY WELL COSTS
Exploratory well costs are initially capitalized as proved property in the consolidated balance sheets but charged to exploration expense if and when the well is determined not to have found commercial proved oil and gas reserves, it is impaired or it is sold. The changes in capitalized exploratory well costs are as follows:
Three Months Ended
March 31,
2022
(In thousands)
Beginning capitalized exploratory project costs$6,966 
Additions to exploratory project costs pending the determination of proved reserves11,557 
Ending capitalized exploratory project costs$18,523 
As of March 31, 2022 and December 31, 2021, the Company had no exploratory wells for which costs have been capitalized for a period greater than one year.