XML 39 R28.htm IDEA: XBRL DOCUMENT v3.25.1
PROPERTY AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2025December 31, 2024
Proved oil and natural gas properties$3,524,497 $3,349,805 
Unproved properties215,154 221,650 
Other depreciable property and equipment11,448 10,905 
Land386 386 
Total property and equipment3,751,485 3,582,746 
Accumulated DD&A and impairment(1,630,039)(1,564,475)
Property and equipment, net$2,121,446 $2,018,271 
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, 2025December 31, 2024
Utica & Marcellus$191,063 $197,513 
SCOOP24,091 24,137 
Total unproved properties$215,154 $221,650 
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, 2025 and 2024 (in thousands):
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Asset retirement obligation, beginning of period$32,949 $29,941 
Liabilities incurred53 214 
Liabilities settled(1,266)— 
Accretion expense618 555 
Total asset retirement obligation, end of period$32,354 $30,710