XML 32 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1
Acquisitions and Dispositions of Natural Gas and Oil Properties
12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions and Dispositions of Natural Gas and Oil Properties
(2)
Acquisitions and Dispositions of Natural Gas and Oil Properties

Acquisitions

During 2024, 2023 and 2022, the Company spent $106.4 million, $98.6 million and $54.4 million on its leasing program to acquire 265,290, 79,741 and 104,314 net acres, respectively, of undeveloped acreage in the Western Haynesville area through direct leasing or through acquisitions of undeveloped rights from third-party operators.

In 2022, the Company also acquired a pipeline and natural gas treating plant from an unaffiliated third party for $16.8 million.

Dispositions

The Company sold its interests in certain non-operated natural gas and oil properties for $1.2 million, $41.3 million and $4.1 million in 2024, 2023 and 2022, respectively.