| Oil and Gas, Property and Equipment [Text Block] |
7. CRUDE OIL, NATURAL GAS and NGLs PROPERTIES AND EQUIPMENT
The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:
| |
|
As of June 30, 2024 |
|
|
As of December 31, 2023 |
|
| |
|
(in thousands) |
|
| Crude oil, natural gas and NGLs properties and equipment - successful efforts method: |
|
|
|
|
|
|
|
|
| Wells, platforms and other production facilities |
|
$ |
1,590,704 |
|
|
$ |
1,468,542 |
|
| Work-in-progress |
|
|
9,424 |
|
|
|
4,183 |
|
| Undeveloped acreage |
|
|
53,758 |
|
|
|
52,109 |
|
| Equipment and other |
|
|
55,147 |
|
|
|
47,794 |
|
| Total crude oil, natural gas and NGLs properties, equipment and other |
|
|
1,709,033 |
|
|
|
1,572,628 |
|
| Accumulated depreciation, depletion, amortization and impairment |
|
|
(1,160,618 |
) |
|
|
(1,112,842 |
) |
| Net crude oil, natural gas and NGLs properties, equipment and other |
|
$ |
548,415 |
|
|
$ |
459,786 |
|
|