v3.26.1
Natural Gas & Oil Properties
 6 Months Ended
Jun. 30, 2026
Extractive Industries [Abstract]  
Natural Gas & Oil Properties Note 5 - Natural Gas & Oil Properties
The following table summarizes the Company's natural gas and oil properties for the period presented:
As of
(In thousands)
June 30, 2026
Costs
Beginning balance
$5,828,712
Additions(a)
346,801
Disposals(b)
(212,846)
Ending balance
$5,962,667
Depletion and impairment
Beginning balance
$(1,320,953)
Depletion expense
(177,250)
Disposals(b)
71,214
Ending balance
$(1,426,989)
Net book value
$4,535,678
(a)During the six months ended June 30, 2026, the Company’s additions primarily consisted of the Sheridan acquisition in April
2026 as well as development and recurring capital expenditures.
(b)During the six months ended June 30, 2026, the Company’s disposals primarily consisted of the sale of the Barnett assets in June
2026.
Refer to Note 2 for additional information regarding acquisitions and divestitures.