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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment The following table summarizes our oil and natural gas properties as of December 31, 2024 and 2023:
| As of December 31,
| 2024 |  | 2023
| (in thousands)
Proved oil and natural gas properties (successful efforts method) | $ | 11,471,299 |  |  | $ | 8,574,478 |
Unproved oil and natural gas properties | 374,306 |  |  | 283,324 |
Oil and natural gas properties, at cost | 11,845,605 |  |  | 8,857,802 |
Less: accumulated depreciation, depletion, amortization and impairment | (3,840,344) |  |  | (2,865,095) |
Oil and natural gas properties, net | $ | 8,005,261 |  |  | $ | 5,992,707 |
Other Property The following table summarizes other property, plant and equipment as of December 31, 2024 and 2023:
| Estimated useful life |  | As of December 31,
|  | 2024 |  | 2023
| (years) |  | (in thousands)
Gathering and pipeline system | 30 |  | $ | 109,324 |  |  | $ | 106,023 |
Vehicles | 3-5 |  | 19,309 |  |  | 16,420 |
Computers, furniture, and equipment | 3-10 |  | 12,491 |  |  | 7,733 |
Buildings and improvements | 5-30 |  | 14,177 |  |  | 13,452 |
Land |  |  | 20,694 |  |  | 5,374 |
Financing right of use asset | 1-5 |  | 18,435 |  |  | 18,454 |
Field inventory |  |  | 32,441 |  |  | 31,114 |
Field and other property and equipment, at cost |  |  | 226,871 |  |  | 198,570 |
Less: accumulated depreciation, amortization and impairment |  |  | (87,078) |  |  | (75,451) |
Field and other property and equipment, net |  |  | $ | 139,793 |  |  | $ | 123,119 |
Capitalized Exploratory Well Costs Capitalized exploratory well costs are included in unproved oil and natural gas properties. As of December 31, 2024 and 2023, we did not have any capitalized exploratory well costs.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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