Natural Gas and Oil Exploration, Development and Production Activities

3 Months Ended

Mar. 31, 2025

Extractive Industries [Abstract]

Natural Gas and Oil Exploration, Development and Production Activities

(15) NATURAL GAS AND OIL EXPLORATION, DEVELOPMENT AND PRODUCTION ACTIVITIES

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

	March 31, 2025			December 31, 2024
	(in thousands)
Natural gas properties:
Properties subject to depletion	$	11,190,987		$	11,058,771
Unproved properties		830,800			819,656
Total		12,021,787			11,878,427
Accumulated depletion and depreciation		(5,544,974	)		(5,456,727	)
Net capitalized costs	$	6,476,813		$	6,421,700

(a)Includes capitalized asset retirement costs and the associated accumulated amortization.

Costs Incurred for Property Acquisition, Exploration and Development (b)

	Three Months Ended March 31, 2025		Year Ended December 31, 2024
	(in thousands)
Acquisitions:
Acreage purchases	$	16,067	$	57,869
Development		129,485		577,093
Exploration:
Drilling		731		12,569
Expense		6,044		25,489
Stock-based compensation expense		347		1,354
Gas gathering facilities:
Development		211		4,336
Subtotal		152,885		678,710
Asset retirement obligations		1,474		13,845
Total costs incurred	$	154,359	$	692,555

(b) Includes costs incurred whether capitalized or expensed.