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Supplemental Oil and Gas Disclosures - Unaudited

12 Months Ended

Dec. 31, 2023

Oil and Gas Exploration and Production Industries Disclosures [Abstract]

Supplemental Oil and Gas Disclosures - Unaudited

Supplemental Oil and Gas Disclosures — Unaudited

The supplemental data presented below reflects information for all of the Company’s oil and gas producing activities. Prior periods have not been recast for discontinued operations.

Capitalized Costs

The following table sets forth the capitalized costs related to the Company’s oil and gas producing activities:

			December 31,
			2023						2022
			(In thousands)
Proved oil and gas properties			$	6,220,766					$	5,089,185
Less: Accumulated depletion and impairment			(1,035,393)						(461,175)
Proved oil and gas properties, net			5,185,373						4,628,010
Unproved oil and gas properties			99,477						30,936
Total oil and gas properties, net			$	5,284,850					$	4,658,946

Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities

The following table sets forth costs incurred related to the Company’s oil and gas activities for the periods presented:

			Year Ended December 31,
			2023						2022						2021
			(In thousands)
Acquisition costs:
Proved oil and gas properties			$	178,629					$	3,164,665					$	605,868
Unproved oil and gas properties			185,392						43,084						85
Exploration costs			6,366						859						1
Development costs			922,506						507,961						170,178
Asset retirement costs			18,461						21,165						15,750
Total costs incurred			$	1,311,354					$	3,737,734					$	791,882

Results of Operations for Oil and Gas Producing Activities

The following table sets forth the results of operations for oil and gas producing activities, which exclude general and administrative expenses and interest expense, for the periods presented:

			Year Ended December 31,
			2023						2022						2021
			(In thousands)
Revenues			$	3,132,411					$	2,976,296					$	1,200,256
Production costs			1,099,159						814,588						403,382
Depreciation, depletion and amortization			582,127						354,050						109,881
Exploration and impairment			17,830						2,204						2,763
Income tax expense			335,534						426,087						162,163
Results of operations for oil and gas producing activities			$	1,097,761					$	1,379,367					$	522,067

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- References

No definition available.

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- Definition

The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 932
-SubTopic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//932-360/tableOfContent

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