Crude Oil and Natural Gas Property Information (Tables)

12 Months Ended

Dec. 31, 2021

Oil and Gas Exploration and Production Industries Disclosures [Abstract]

Schedule of Results of Operations from Crude Oil and Natural Gas Producing Activities

The following table sets forth the Company’s consolidated results of operations from crude oil and natural gas producing activities for the years ended December 31, 2021, 2020 and 2019.

	Year ended December 31,
In thousands	2021		2020		2019
Crude oil and natural gas sales	$	5,793,741	$	2,555,434	$	4,514,389
Production expenses	(406,906)		(359,267)		(444,649)
Production taxes	(404,362)		(192,718)		(357,988)
Transportation expenses	(224,989)		(196,692)		(225,649)
Exploration expenses	(21,047)		(17,732)		(14,667)
Depreciation, depletion, amortization and accretion	(1,872,075)		(1,859,893)		(1,997,854)
Property impairments	(38,370)		(277,941)		(86,202)
Income tax (provision) benefit (1)	(690,902)		83,427		(323,025)
Results from crude oil and natural gas producing activities	$	2,135,090	$	(265,382)	$	1,064,355

Schedule of Costs Incurred in Oil and Gas Property Acquisition Exploration and Development Activities

Costs incurred, both capitalized and expensed, in connection with the Company’s consolidated crude oil and natural gas acquisition, exploration and development activities for the years ended December 31, 2021, 2020 and 2019 are presented below. See Note 2. Property Acquisitions and Dispositions for discussion of notable property acquisitions executed in 2021 that gave rise to the significant increase in costs incurred and aggregate capitalized costs in the current year.

	Year ended December 31,
In thousands	2021		2020		2019
Property acquisition costs:
Proved	$	2,580,271	$	60,494	$	51,558
Unproved	1,197,507		201,919		312,680
Total property acquisition costs	3,777,778		262,413		364,238
Exploration Costs	171,549		48,282		50,143
Development Costs	1,174,828		1,053,532		2,388,582
Total	$	5,124,155	$	1,364,227	$	2,802,963

Schedule of Aggregate Capitalized Costs Related to Crude Oil and Natural Gas Producing Activities

Aggregate capitalized costs relating to the Company’s consolidated crude oil and natural gas producing activities and related accumulated depreciation, depletion and amortization as of December 31, 2021 and 2020 are as follows:

	December 31,
In thousands	2021		2020
Proved crude oil and natural gas properties	$	31,613,656	$	27,726,954
Unproved crude oil and natural gas properties	1,358,673		368,256
Total	32,972,329		28,095,210
Less accumulated depreciation, depletion and amortization	(16,310,054)		(14,622,376)
Net capitalized costs	$	16,662,275	$	13,472,834

Schedule of Capitalized Exploratory Drilling Costs Pending Evaluation

The following table presents the amount of capitalized exploratory well costs pending evaluation at December 31 for each of the last three years and changes in those amounts during the years then ended:

	Year ended December 31,
In thousands	2021		2020		2019
Balance at January 1	$	32,737	$	6,257	$	3,959
Additions to capitalized exploratory well costs pending determination of proved reserves	122,068		32,880		28,280
Reclassification to proved crude oil and natural gas properties based on the determination of proved reserves	(117,131)		(72)		(23,200)
Capitalized exploratory well costs charged to expense	(1)		(6,328)		(2,782)
Balance at December 31	$	37,673	$	32,737	$	6,257
Number of gross wells	17		16		11