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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

(6) SUBSEQUENT EVENTS

On October 10, 2025, the Company entered into an agreement with an unaffiliated third-party to sell interests in 155 (74.5 net) producing wells in Nacogdoches, San Augustine and Shelby counties Texas, including approximately 36,000 primarily undeveloped net acres, for $430 million in cash, subject to adjustment and customary closing conditions. The properties produced approximately 9.3 MMcf per day of natural gas in September 2025. The sale is expected to close in the fourth quarter of 2025 and has an effective date of October 1, 2025. The Company expects to recognize a pre-tax gain from the sale of the unproved property and other property and equipment portion of the divestiture between $290 million and $310 million.