The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:


	As of June 30, 2026		As of December 31, 2025
	(in thousands)
Crude oil, natural gas and NGLs properties and equipment, net
Wells, platforms and other production facilities	$	1,301,580	$	1,016,019
Work-in-progress	75,242		214,213
Unproved properties	49,084		52,079
Capitalized equipment, spare parts and other	109,745		84,471
	1,535,651		1,366,782
Accumulated depreciation, depletion, amortization and impairment	(825,998)		(780,687)
Crude oil, natural gas and NGLs properties and equipment, net	$	709,653	$	586,095

At December 31, 2025, the Company classified $31.8 million of net crude oil, natural gas and NGLs properties and equipment, including unproved property costs of $13.1 million, as “Noncurrent asset held for sale” on the Consolidated Balance Sheet.

During the three and six months ended June 30, 2026, we incurred exploration expenses of $0.1 million and $22.5 million, respectively, which included the cost of additional seismic data to be used in the Niosi and Guduma blocks, and the costs of an unsuccessful well. During the three and six months ended June 30, 2025, we incurred exploration expenses of $2.5 million attributable to the purchase of seismic data for Block 705 in Côte d’Ivoire.