Suspended Well Costs (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Capitalized Exploratory Well Costs

The following table reflects the Company’s capitalized exploratory well costs on drilled wells as of and during the three months ended March 31, 2026.


	March 31, 2026
	(In thousands)
Beginning balance	$	73,141
Additions to capitalized exploratory well costs pending the determination of proved reserves	2,297
Reclassification due to determination of proved reserves	—
Capitalized exploratory well costs charged to expense	—
Ending balance	$	75,438

Schedule of Aging of Capitalized Exploratory Well Costs and Number of Projects for Which Exploratory Well Costs were Capitalized for More Than One Year

The following table provides an aging of capitalized exploratory well costs based on the date drilling was completed and the number of projects for which exploratory well costs have been capitalized for more than one year since the completion of drilling:


	March 31, 2026		December 31, 2025
	(In thousands, except project counts)
Exploratory well costs capitalized for a period of one year or less	$	—	$	—
Exploratory well costs capitalized for a period of one to five years	75,438		73,141
Exploratory well costs capitalized for a period of six to ten years	—		—
Ending balance	$	75,438	$	73,141
Number of projects that have exploratory well costs that have been capitalized for a period greater than one year	1		1