OIL AND NATURAL GAS PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of capitalized costs of unproved properties excluded from amortization

The following table sets forth a summary of oil and natural gas property costs (net of divestitures) at March 31, 2020 and December 31, 2019:



	March 31,			December 31,
	2020			2019
	(In thousands)
Oil and natural gas properties:
Proved	$	484,433		$	478,569
Unproved	86,028			109,590
Total oil and natural gas properties	570,461			588,159
Accumulated depletion, depreciation, amortization and impairment	(362,495		)	(359,304		)
Oil and natural gas properties, net	$	207,966		$	228,855

On February 28, 2020, the Company closed on the sale of approximately 1,185 undeveloped net acres in Lea County, New Mexico, for net cash proceeds of approximately $24.1 million, subject to customary purchase price adjustments.