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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 (in thousands).
 
 
December 31,
 
 
2019
 
2018
Oil and natural gas properties
 
 
 
 
Evaluated (subject to amortization)
 
$
4,557,265

 
$
3,780,236

Unproved and unevaluated (not subject to amortization)
 
1,126,992

 
1,199,511

Total oil and natural gas properties
 
5,684,257

 
4,979,747

Accumulated depletion
 
(2,603,681
)
 
(2,273,010
)
Net oil and natural gas properties
 
3,080,576

 
2,706,737

Midstream properties
 
 
 
 
Midstream equipment and facilities
 
643,903

 
428,025

Accumulated depreciation
 
(38,473
)
 
(24,351
)
Net midstream properties
 
605,430

 
403,674

Other property and equipment
 
 
 
 
Furniture, fixtures and other equipment
 
9,170

 
7,047

Software
 
8,099

 
8,039

Leasehold improvements
 
9,752

 
6,955

Total other property and equipment
 
27,021

 
22,041

Accumulated depreciation
 
(13,432
)
 
(9,588
)
Net other property and equipment
 
13,589

 
12,453

Net property and equipment
 
$
3,699,595

 
$
3,122,864


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, 2019 and the year in which these costs were incurred (in thousands).
Description
 
2019
 
2018
 
2017
 
2016 and prior
 
Total
Costs incurred for
 
 
 
 
 
 
 
 
 
 
Property acquisition
 
$
43,795

 
$
556,415

 
$
204,425

 
$
258,296

 
$
1,062,931

Exploration wells
 
10,814

 
171

 
361

 
352

 
11,698

Development wells
 
52,144

 
149

 
70

 

 
52,363

Total
 
$
106,753

 
$
556,735

 
$
204,856

 
$
258,648

 
$
1,126,992