| Natural Gas and Oil Exploration, Development and Production Activities |
(15) NATURAL GAS AND OIL EXPLORATION, DEVELOPMENT AND PRODUCTION ACTIVITIES Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (a)
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June 30,
2026 |
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|
December 31,
2025 |
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(in thousands) |
|
Natural gas, NGLs and oil properties: |
|
|
|
|
|
Properties subject to depreciation, depletion and amortization |
$ |
11,978,092 |
|
|
$ |
11,635,187 |
|
Unproved properties |
|
836,471 |
|
|
|
832,757 |
|
Total |
|
12,814,563 |
|
|
|
12,467,944 |
|
Accumulated depletion and depreciation |
|
(5,936,001 |
) |
|
|
(5,759,578 |
) |
Net capitalized costs |
$ |
6,878,562 |
|
|
$ |
6,708,366 |
|
(a)Includes capitalized asset retirement costs and the associated accumulated amortization. Costs Incurred for Property Acquisition, Exploration and Development (b)
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Six Months Ended
June 30, 2026 |
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Year Ended
December 31, 2025 |
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(in thousands) |
|
Acquisitions: |
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|
|
|
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Acreage purchases |
$ |
12,962 |
|
|
$ |
51,802 |
|
Development |
|
337,664 |
|
|
|
601,326 |
|
Exploration: |
|
|
|
|
|
Drilling |
|
32 |
|
|
|
6,723 |
|
Expense |
|
11,808 |
|
|
|
28,824 |
|
Stock-based compensation expense |
|
720 |
|
|
|
1,355 |
|
Pipeline and facilities: |
|
|
|
|
|
Development |
|
3,267 |
|
|
|
8,860 |
|
Subtotal |
|
366,453 |
|
|
|
698,890 |
|
Asset retirement obligations |
|
1,599 |
|
|
|
8,367 |
|
Total costs incurred |
$ |
368,052 |
|
|
$ |
707,257 |
|
(b) Includes costs incurred whether capitalized or expensed. |