Natural Gas and Oil Exploration, Development and Production Activities (Tables)

6 Months Ended

Jun. 30, 2026

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (a)


	June 30, 2026				December 31, 2025
	(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

Costs Incurred for Property Acquisition, Exploration and Development (b)


	Six Months Ended June 30, 2026				Year Ended December 31, 2025
	(in thousands)
Acquisitions:
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.