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PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
The major categories of property and equipment and related accumulated DD&A are as follows (in thousands):
September 30, 2023December 31, 2022
Proved oil and natural gas properties$2,802,653 $2,418,666 
Unproved properties196,947 178,472 
Other depreciable property and equipment7,734 5,977 
Land386 386 
Total property and equipment3,007,720 2,603,501 
Accumulated DD&A(784,635)(545,771)
Property and equipment, net$2,223,085 $2,057,730 
Schedule of Non-Producing Properties Excluded from Amortization by Area
The following table summarizes the Company’s non-producing properties excluded from amortization by area (in thousands):
September 30, 2023December 31, 2022
Utica$169,314 $147,370 
SCOOP27,633 31,102 
Total unproved properties$196,947 $178,472 
Schedule of Asset Retirement Obligation
The following table provides a reconciliation of the Company’s asset retirement obligation for the nine months ended September 30, 2023 and 2022 (in thousands):
Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
Asset retirement obligation, beginning of period$33,171 $28,264 
Liabilities incurred505 53 
Liabilities settled(604)— 
Liabilities removed due to divestitures(919)(7)
Accretion expense2,117 2,057 
Total asset retirement obligation, end of period$34,270 $30,367