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Suspended Well Costs (Tables)

12 Months Ended

Dec. 31, 2022

Net changes in capitalized exploratory well costs

The following table reflects the net changes in capitalized exploratory well costs during 2022, 2021, and 2020. The table does not include amounts that were capitalized and either subsequently expensed or reclassified to producing well costs in the same year:


	For the Years Ended December 31,
	2022		2021		2020
	(in thousands)
Beginning balance	$	15,576	$	5,698	$	11,925
Additions to capitalized exploratory well costs pending the determination of proved reserves	49,047		15,576		3,346

Reclassifications based on the determination of proved reserves	(14,721)		(5,698)		(9,573)
Capitalized exploratory well costs charged to expense (1)	(855)		—		—
Ending balance	$	49,047	$	15,576	$	5,698

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(1)Relates to unsuccessful exploration activity outside of the Company’s core areas of operation.