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PROPERTY AND EQUIPMENT | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT The major categories of property and equipment and related accumulated DD&A as of March 31, 2023 and December 31, 2022, are as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
Proved oil and natural gas properties | $ | 2,564,378 |  |  | $ | 2,418,666 |
Unproved properties | 183,456 |  |  | 178,472 |
Other depreciable property and equipment | 6,788 |  |  | 5,977 |
Land | 386 |  |  | 386 |
Total property and equipment | 2,755,008 |  |  | 2,603,501 |
Accumulated DD&A | (625,019) |  |  | (545,771) |
Property and equipment, net | $ | 2,129,989 |  |  | $ | 2,057,730 |
Under the full cost method of accounting, the Company is required to perform a ceiling test each quarter. The test determines a limit, or ceiling, on the book value of the Company's oil and natural gas properties. At March 31, 2023 and 2022, the net book value of the Company's oil and gas properties was below the calculated ceiling. As a result, the Company did not record an impairment of its oil and natural gas properties for the three months ended March 31, 2023 or 2022. Certain general and administrative costs are capitalized to the full cost pool and represent management’s estimate of costs incurred directly related to exploration and development activities. All general and administrative costs not capitalized are charged to expense as they are incurred. Capitalized general and administrative costs were approximately $5.1 million and $4.7 million for the three months ended March 31, 2023 and 2022, respectively. The Company evaluates the costs excluded from its amortization calculation at least annually. Individually insignificant unevaluated properties are grouped for evaluation and periodically transferred to evaluated properties over a timeframe consistent with their expected development schedule. The following table summarizes the Company’s non-producing properties excluded from amortization by area as of March 31, 2023 and December 31, 2022 (in thousands):
| March 31, 2023 |  | December 31, 2022
Utica | $ | 153,435 |  |  | $ | 147,370 |
SCOOP | 30,021 |  |  | 31,102 |
Total unproved properties | $ | 183,456 |  |  | $ | 178,472 |
Asset Retirement Obligation The following table provides a reconciliation of the Company’s asset retirement obligation for the three months ended March 31, 2023 and 2022 (in thousands):
| Three Months Ended March 31, 2023 |  | Three Months Ended March 31, 2022
Asset retirement obligation, beginning of period | $ | 33,171 |  |  | $ | 28,264 |
Liabilities incurred | — |  |  | 16 |
Liabilities settled | (165) |  |  | — |
Liabilities removed due to divestitures | (919) |  |  | — |
Accretion expense | 764 |  |  | 692 |
Total asset retirement obligation as of end of period | $ | 32,851 |  |  | $ | 28,972 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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