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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Summary of the Company's property and equipment
The following table presents a summary of the Company’s property and equipment balances as of December 31, 2018 and 2017 (in thousands).
 
 
December 31,
 
 
2018
 
2017
Oil and natural gas properties
 
 
 
 
Evaluated (subject to amortization)
 
$
3,780,236

 
$
3,004,770

Unproved and unevaluated (not subject to amortization)
 
1,199,511

 
637,396

Total oil and natural gas properties
 
4,979,747

 
3,642,166

Accumulated depletion
 
(2,273,010
)
 
(2,021,169
)
Net oil and natural gas properties
 
2,706,737

 
1,620,997

Midstream and other property and equipment
 
 
 
 
Midstream equipment and facilities
 
424,480

 
258,725

Furniture, fixtures and other equipment
 
7,184

 
6,109

Software
 
8,039

 
7,942

Land
 
4,192

 
2,892

Leasehold improvements
 
6,171

 
5,428

Total midstream and other property and equipment
 
450,066

 
281,096

Accumulated depreciation
 
(33,939
)
 
(20,637
)
Net midstream and other property and equipment
 
416,127

 
260,459

Net property and equipment
 
$
3,122,864

 
$
1,881,456

Breakdown of the Company's unproved and unevaluated property costs not subject to amortization
The following table provides a breakdown of the Company’s unproved and unevaluated property costs not subject to amortization as of December 31, 2018 and the year in which these costs were incurred (in thousands).
Description
 
2018
 
2017
 
2016
 
2015 and prior
 
Total
Costs incurred for
 
 
 
 
 
 
 
 
 
 
Property acquisition
 
$
602,117

 
$
212,846

 
$
116,389

 
$
223,656

 
$
1,155,008

Exploration wells
 
12,361

 
1,235

 
712

 
204

 
14,512

Development wells
 
29,399

 
391

 
159

 
42

 
29,991

Total
 
$
643,877

 
$
214,472

 
$
117,260

 
$
223,902

 
$
1,199,511