v3.25.2
Property and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
 
Property and equipment is stated at cost and consisted of the following:
 
 June 30,
2025		December 31,
2024
 (In thousands)
Oil and gas properties:  
Proved properties $8,451,902 $8,342,353 
Unproved properties 419,541 386,292 
Total oil and gas properties 8,871,443 8,728,645 
Accumulated depletion (4,516,773)(4,288,215)
Oil and gas properties, net 4,354,670 4,440,430 
Other property 66,674 66,675 
Accumulated depreciation (63,532)(62,884)
Other property, net 3,142 3,791 
Property and equipment, net $4,357,812 $4,444,221 
 
We recorded depletion expense of $141.7 million and $81.1 million for the three months ended June 30, 2025 and 2024, respectively, and $253.1 million and $173.3 million for the six months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025, additions to our proved properties primarily related to development costs associated with the first phase of the GTA development in Mauritania and Senegal and infill development in the Jubilee Field in Ghana.