XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Property, Plant and Equipment (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
Net Changes in Capitalized Exploratory Well Costs | The following table reflects the net changes in capitalized exploratory well costs during the three-month periods ended March 31, 2024 and 2023.
(Thousands of dollars) | 2024 |  | 2023
Beginning balance at January 1 | $ | 49,118 |  |  | $ | 171,860 |
Additions pending the determination of proved reserves | 11,538 |  |  | 24,685 |
Capitalized exploratory well costs charged to expense | (26,471) |  |  | – |
Balance at March 31 | $ | 34,185 |  |  | $ | 196,545 |
Aging of Capitalized Exploratory Well Costs | The following table provides an aging of capitalized exploratory well costs based on the date the drilling was completed for each individual well and the number of projects for which exploratory well costs have been capitalized. The projects are aged based on the last well drilled in the project.
| March 31,
| 2024 |  | 2023
(Thousands of dollars) | Amount |  | No. of Wells |  | No. of Projects |  | Amount |  | No. of Wells |  | No. of Projects
Aging of capitalized well costs: |  |  |  |  |  |  |  |  |  |  |
Zero to one year | $ | 11,641 |  |  | 4 |  |  | 3 |  |  | $ | 40,236 |  |  | 2 |  |  | 2 |
One to two years | – |  |  | – |  |  | – |  |  | 13,171 |  |  | 2 |  |  | 2 |
Two to three years | – |  |  | – |  |  | – |  |  | – |  |  | – |  |  | – |
Three years or more | 22,544 |  |  | 3 |  |  | 3 |  |  | 143,138 |  |  | 5 |  |  | 4 |
| $ | 34,185 |  |  | 7 |  |  | 6 |  |  | $ | 196,545 |  |  | 9 |  |  | 8 |

X
- Definition Tabular disclosure of the change in capitalized exploratory costs during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482274/932-235-50-1B + Details
Name: | us-gaap_CapitalizedExploratoryWellCostsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of exploratory well costs that have been capitalized after the completion of drilling and the number of projects for which those costs relate. Additionally, for exploratory well costs that have been capitalized for periods greater than one year at the most recent balance sheet date, this block of text may be used to disclose an aging of those amounts by year, or by using a range of years, and the number of projects to which those costs relate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482274/932-235-50-1B + Details
Name: | us-gaap_ScheduleOfAgingOfCapitalizedExploratoryWellCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration