CRUDE OIL, NATURAL GAS AND NGLs PROPERTIES AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Properties and Equipment

The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:

	As of March 31, 2025		As of December 31, 2024
	(in thousands)
Crude oil, natural gas and NGLs properties and equipment, net
Wells, platforms and other production facilities	$	1,629,464	$	1,593,243
Work-in-progress	47,241		44,517
Unproved properties	61,273		60,761
Capitalized equipment, spare parts and other	87,913		75,581
	1,825,891		1,774,102
Accumulated depreciation, depletion, amortization and impairment	(1,262,965)		(1,235,999)
Crude oil, natural gas and NGLs properties and equipment, net	$	562,926	$	538,103