Three Months Ended
March 31, 2025

(in thousands)

Balance at beginning of period

$

12,569

Additions to capitalized exploratory well costs pending the determination of proved reserves

731

Reclassifications to wells, facilities and equipment based on determination of proved reserves

—

Capitalized exploratory well costs, charged to expense

—

Balance at end of period

$

13,300

Less exploratory well costs that have been capitalized for a period of one year or less

$

13,300

Capitalized exploratory well costs that have been capitalized for a period greater than one year

$

—