Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT (Tables)

v3.26.1
PROPERTY AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026 December 31, 2025
Proved oil and natural gas properties $ 4,217,986  $ 3,902,539 
Unproved properties 286,051  232,959 
Other depreciable property and equipment 13,750  12,622 
Land 386  386 
Total property and equipment 4,518,173  4,148,506 
Accumulated DD&A (2,016,730) (1,868,481)
Property and equipment, net $ 2,501,443  $ 2,280,025 
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, 2026 December 31, 2025
Utica & Marcellus $ 264,893  $ 210,185 
SCOOP 21,158  22,774 
Total unproved properties $ 286,051  $ 232,959 
Schedule of Asset Retirement Obligation
The following table provides a reconciliation of the Company’s asset retirement obligation (in thousands):
Six Months Ended June 30, 2026 Six Months Ended June 30, 2025
Asset retirement obligation, beginning of period $ 32,912  $ 32,949 
Liabilities incurred 372  222 
Liabilities settled and divested (74) (1,673)
Accretion expense 1,216  1,205 
Total asset retirement obligation, end of period $ 34,426  $ 32,703