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Natural Gas and Oil Producing Activities
 12 Months Ended
Dec. 31, 2024
Oil and Gas Disclosure [Abstract]  
Natural Gas and Oil Producing Activities
(3)
Natural Gas and Oil Producing Activities

Set forth below is certain information regarding the aggregate capitalized costs of natural gas and oil properties and costs incurred by the Company for its natural gas and oil property acquisition, development and exploration activities:

Capitalized Costs

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Proved properties:

 

 

 

 

 

 

Leasehold costs

 

$

3,244,996

 

 

$

3,198,028

 

Wells and related equipment and facilities

 

 

4,809,254

 

 

 

3,928,491

 

Accumulated depreciation depletion and amortization

 

 

(2,935,493

)

 

 

(2,144,084

)

 

 

 

5,118,757

 

 

 

4,982,435

 

Unproved properties

 

 

424,648

 

 

 

343,419

 

 

 

$

5,543,405

 

 

$

5,325,854

 

 

Costs Incurred

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Property acquisitions:

 

 

 

 

 

 

 

 

 

Proved property

 

$

—

 

 

$

—

 

 

$

500

 

Unproved property

 

 

106,386

 

 

 

98,553

 

 

 

54,120

 

Exploration and development:

 

 

 

 

 

 

 

 

 

Developmental leasehold costs

 

 

13,461

 

 

 

27,905

 

 

 

13,727

 

Exploratory drilling and completion costs

 

 

354,557

 

 

 

244,129

 

 

 

63,520

 

Development drilling and completion costs

 

 

503,550

 

 

 

974,664

 

 

 

901,026

 

Other development costs

 

 

30,500

 

 

 

25,130

 

 

 

53,693

 

Asset retirement obligations

 

 

1,594

 

 

 

(19

)

 

 

686

 

Total capital expenditures

 

$

1,010,048

 

 

$

1,370,362

 

 

$

1,087,272