Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT (Tables)

v3.26.3
PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Sep. 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):
September 30, 2026 December 31, 2025
Proved oil and natural gas properties $ 4,416,238  $ 3,902,539 
Unproved properties 338,381  232,959 
Other depreciable property and equipment 13,604  12,622 
Land 386  386 
Total property and equipment 4,768,609  4,148,506 
Accumulated DD&A (2,101,766) (1,868,481)
Property and equipment, net $ 2,666,843  $ 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):
September 30, 2026 December 31, 2025
Utica & Marcellus $ 317,674  $ 210,185 
SCOOP 20,707  22,774 
Total unproved properties $ 338,381  $ 232,959 
Schedule of Asset Retirement Obligation
The following table provides a reconciliation of the Company’s asset retirement obligation (in thousands):
Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025
Asset retirement obligation, beginning of period $ 32,912  $ 32,949 
Liabilities incurred 543  520 
Liabilities settled and divested (74) (1,673)
Accretion expense 1,851  1,802 
Total asset retirement obligation, end of period $ 35,232  $ 33,598