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PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
The major categories of property and equipment and related accumulated DD&A and impairment as of March 31, 2021 and December 31, 2020 are as follows:
March 31, 2021December 31, 2020
(In thousands)
Oil and natural gas properties$10,895,625 $10,816,909 
Other depreciable property and equipment85,827 85,530 
Land3,008 3,008 
Total property and equipment10,984,460 10,905,447 
Accumulated DD&A and impairment(8,874,899)(8,819,178)
Property and equipment, net$2,109,561 $2,086,269 
Schedule of Non-Producing Properties Excluded from Amortization by Area
The following table summarizes the Company’s unevaluated properties excluded from amortization by area at March 31, 2021:
March 31, 2021
(In thousands)
Utica$761,397 
SCOOP651,451 
Other926 
$1,413,774 
Schedule of Asset Retirement Obligation
A reconciliation of the Company’s asset retirement obligation for the three months ended March 31, 2021 and 2020 is as follows:
March 31, 2021March 31, 2020
(In thousands)
Asset retirement obligation, beginning of period$63,566 $60,355 
Liabilities incurred483 381 
Liabilities removed due to divestitures— (2,033)
Accretion expense805 741 
Total asset retirement obligation as of end of period$64,854 $59,444 
Less: amounts reclassified to liabilities subject to compromise$(64,854)$— 
Total asset retirement obligation reflected as non-current liabilities$— $59,444