| Schedule of 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 | |
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