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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of the Company's property and equipment
The following table presents a summary of the Company’s property and equipment balances as of December 31, 2025 and 2024 (in thousands).
 December 31,
 20252024
Oil and natural gas properties
Evaluated (subject to depletion)$14,286,726 $12,534,290 
Unproved and unevaluated (not subject to depletion)1,823,456 1,702,203 
Total oil and natural gas properties16,110,182 14,236,493 
Accumulated depletion(7,093,268)(5,959,845)
Net oil and natural gas properties9,016,914 8,276,648 
Midstream properties
Midstream equipment and facilities1,963,059 1,683,334 
Accumulated depreciation(264,938)(211,048)
Net midstream properties1,698,121 1,472,286 
Other property and equipment
Furniture, fixtures and other equipment22,810 20,007 
Software8,361 8,283 
Leasehold improvements22,028 19,242 
Total other property and equipment53,199 47,532 
Accumulated depreciation(36,936)(32,370)
Net other property and equipment16,263 15,162 
Net property and equipment$10,731,298 $9,764,096 
Breakdown of the Company's unproved and unevaluated property costs not subject to amortization The following table provides a breakdown of the Company’s unproved and unevaluated property costs not subject to depletion as of December 31, 2025 and the year in which these costs were incurred (in thousands).
Description 20252024202320222021 and priorTotal
Costs incurred for
Property acquisition$255,126 $585,463 $321,062 $95,880 $420,481 $1,678,012 
Exploration wells12,560 2,313 846 164 1,011 16,894 
Development wells125,988 1,604 738 156 64 128,550 
Total$393,674 $589,380 $322,646 $96,200 $421,556 $1,823,456