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PROPERTY AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2024
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):
March 31, 2024December 31, 2023
Proved oil and natural gas properties$3,033,571 $2,904,519 
Unproved properties207,644 204,233 
Other depreciable property and equipment9,598 8,779 
Land386 386 
Total property and equipment3,251,199 3,117,917 
Accumulated DD&A(945,646)(865,618)
Property and equipment, net$2,305,553 $2,252,299 
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):
March 31, 2024December 31, 2023
Utica & Marcellus$182,034 $177,888 
SCOOP25,610 26,345 
Total unproved properties$207,644 $204,233 
Schedule of Asset Retirement Obligation
The following table provides a reconciliation of the Company’s asset retirement obligation for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31, 2024Three Months Ended March 31, 2023
Asset retirement obligation, beginning of period$29,941 $33,171 
Liabilities incurred214 — 
Liabilities settled— (165)
Liabilities removed due to divestitures— (919)
Accretion expense555 764 
Total asset retirement obligation, end of period$30,710 $32,851