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Capitalized Exploratory Well Costs (Tables)
12 Months Ended
Dec. 31, 2024
Oil and Gas Disclosure [Abstract]  
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

 

2024

 

 

2023

 

 

2022

 

Balance at January 1

 

$

159,734

 

 

$

84,822

 

 

$

37,673

 

Additions to capitalized exploratory well costs pending determination of proved reserves

 

 

449,747

 

 

 

345,434

 

 

 

286,059

 

Reclassification to proved crude oil and natural gas properties based on the determination of proved reserves

 

 

(435,333

)

 

 

(270,490

)

 

 

(229,348

)

Capitalized exploratory well costs charged to expense

 

 

(702

)

 

 

(32

)

 

 

(9,562

)

Balance at December 31

 

$

173,446

 

 

$

159,734

 

 

$

84,822

 

Number of gross wells

 

 

42

 

 

 

34

 

 

 

36