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Property Acquisition
6 Months Ended
Jun. 30, 2023
Property Acquisition [Abstract]  
Property Acquisition

Note 3. Property Acquisitions

2023

In March 2023, the Company acquired oil and gas properties in the Anadarko Basin of Oklahoma for cash consideration of $178 million. Of the purchase price, $84 million was allocated to proved properties and $94 million was allocated to unproved properties.

2022

In March 2022, the Company acquired oil and gas properties in the Powder River Basin of Wyoming for cash consideration of $403 million. Of the purchase price, $381.3 million was allocated to proved properties and $21.7 million was allocated to unproved properties.

In April 2022, the Company acquired oil and gas properties in the Permian Basin of Texas for cash consideration of $197 million. Nearly all of the purchase price was allocated to unproved properties.