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PROPERTY AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 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):
June 30, 2024December 31, 2023
Proved oil and natural gas properties$3,171,811 $2,904,519 
Unproved properties218,399 204,233 
Other depreciable property and equipment10,424 8,779 
Land386 386 
Total property and equipment3,401,020 3,117,917 
Accumulated DD&A(1,024,142)(865,618)
Property and equipment, net$2,376,878 $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):
June 30, 2024December 31, 2023
Utica & Marcellus$193,309 $177,888 
SCOOP25,090 26,345 
Total unproved properties$218,399 $204,233 
Schedule of Asset Retirement Obligation
The following table provides a reconciliation of the Company’s asset retirement obligation for the six months ended June 30, 2024 and 2023 (in thousands):
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
Asset retirement obligation, beginning of period$29,941 $33,171 
Liabilities incurred375 73 
Liabilities settled— (165)
Liabilities removed due to divestitures— (919)
Accretion expense1,122 1,478 
Total asset retirement obligation, end of period$31,438 $33,638