| Schedule of Property and Equipment |
Property and equipment is stated at cost and consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (In thousands) | | Oil and gas properties: | | | | | Proved properties | $ | 7,763,259 | | | $ | 8,301,679 | | | Unproved properties | 210,786 | | | 210,161 | | | Total oil and gas properties | 7,974,045 | | | 8,511,840 | | | Accumulated depletion | (4,624,781) | | | (4,780,826) | | Oil and gas properties, net | 3,349,264 | | | 3,731,014 | | | | | | | Other property | 69,046 | | | 68,255 | | | Accumulated depreciation | (66,784) | | | (65,485) | | | Other property, net | 2,262 | | | 2,770 | | | | | | | Property and equipment, net | $ | 3,351,526 | | | $ | 3,733,784 | |
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