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Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment includes the following (in thousands):
March 31, 2020December 31, 2019
Oil and natural gas properties:
Subject to depletion$4,065,159  $8,799,840  
Not subject to depletion
Incurred in 20201,749,347  —  
Incurred in 2019107,364  318,190  
Incurred in 2018 and prior1,467,814  2,154,094  
Total not subject to depletion3,324,525  2,472,284  
Oil and natural gas properties, successful efforts method7,389,684  11,272,124  
Less accumulated depreciation and depletion—  (2,117,963) 
Total oil and natural gas properties, net7,389,684  9,154,161  
Other property, plant and equipment239,119  219,857  
Less accumulated depreciation(54,879) (49,551) 
Other property, plant and equipment, net184,240  170,306  
Total property, plant and equipment, net$7,573,924  $9,324,467  
 
Costs subject to depletion are proved costs and costs not subject to depletion are unproved costs and current drilling projects. During the three months ended March 31, 2020, the Company recorded impairment of our proved oil and natural gas properties of $4.4 billion. The Company reduced the book value of oil and natural gas properties by $6.7 billion and eliminated $2.3 billion of accumulated depreciation and depletion, which resulted in a $4.4 billion reduction in Oil and natural gas properties, net. During the three months ended March 31, 2020 and 2019, the Company recorded leasehold abandonment and impairment of our unproved oil and natural gas properties of $556.5 million and $22.2 million, respectively. Please refer to Note 16—Disclosures about Fair Value for additional discussion.
The following table includes gross oil and natural gas property balances as of March 31, 2020:
Gross oil and natural gas properties subject to depletion$10,758,429  
Gross oil and natural gas properties not subject to depletion3,324,525  
Gross oil and natural gas properties14,082,954  
Less gross accumulated depreciation and depletion(2,319,017) 
Less impairment of long-lived assets(4,374,253) 
Total oil and natural gas properties, net$7,389,684  
As the Company’s exploration and development work progresses and the reserves on the Company’s properties are proven, capitalized costs attributed to the properties and mineral interests are subject to DD&A. Depletion of capitalized costs is provided using the units-of-production method based on proved oil and natural gas reserves related to the associated reservoir. Depletion expense on capitalized oil and natural gas properties was $268.9 million and $169.9 million during the three months ended March 31, 2020 and 2019, respectively. The Company had no exploratory wells in progress at March 31, 2020 or December 31, 2019.