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PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 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):

			September 30, 2025						December 31, 2024
Proved oil and natural gas properties			$	3,779,424					$	3,349,805
Unproved properties			208,050						221,650
Other depreciable property and equipment			12,393						10,905
Land			386						386
Total property and equipment			4,000,253						3,582,746
Accumulated DD&A			(1,786,883)						(1,564,475)
Property and equipment, net			$	2,213,370					$	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):

			September 30, 2025						December 31, 2024
Utica & Marcellus			$	184,303					$	197,513
SCOOP			23,747						24,137
Total unproved properties			$	208,050					$	221,650

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, 2025 and 2024 (in thousands):

			Nine Months Ended September 30, 2025						Nine Months Ended September 30, 2024
Asset retirement obligation, beginning of period			$	32,949					$	29,941
Liabilities incurred			520						681
Liabilities settled			(1,673)						—
Accretion expense			1,802						1,705
Total asset retirement obligation, end of period			$	33,598					$	32,327

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Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

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-Topic 410
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-Name Accounting Standards Codification
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Tabular disclosure of the capitalized costs of unproved properties and major development projects that are excluded from capitalized costs being amortized. This includes the total costs excluded and, at a minimum, these categories of costs: acquisition costs, exploration costs, development costs in the case of significant development projects, and capitalized interest.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
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