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

9 Months Ended

Sep. 30, 2026

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

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


	September 30, 2026				December 31, 2025
	(in thousands)
Natural gas, NGLs and oil properties:
Properties subject to depreciation, depletion and amortization	$	12,142,062			$	11,635,187
Unproved properties		834,765				832,757
Total		12,976,827				12,467,944
Accumulated depletion and depreciation		(6,035,461	)			(5,759,578	)
Net capitalized costs	$	6,941,366			$	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)


	Nine Months Ended September 30, 2026				Year Ended December 31, 2025
	(in thousands)
Acquisitions:
Acreage purchases	$	17,554			$	51,802
Development		500,338				601,326
Exploration:
Drilling		36				6,723
Expense		17,365				28,824
Stock-based compensation expense		1,116				1,355
Pipeline and facilities:
Development		3,566				8,860
Subtotal		539,975				698,890
Asset retirement obligations		2,229				8,367
Total costs incurred	$	542,204			$	707,257

(b) Includes costs incurred whether capitalized or expensed.