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Oil and Natural Gas Properties
 9 Months Ended
Sep. 30, 2024
Oil and Gas Disclosure [Abstract]  
Oil and Natural Gas Properties Oil and Natural Gas Properties
The following is a summary of oil and natural gas properties as of September 30, 2024 and December 31, 2023 (in thousands):
Oil and natural gas properties:September 30,
2024		December 31,
2023
Unproved properties$2,514,348 $2,698,991 
Proved properties2,752,715 2,377,196 
Oil and natural gas properties, gross5,267,063 5,076,187 
Accumulated depletion and impairment(736,393)(496,879)
Oil and natural gas properties, net$4,530,670 $4,579,308 
As presented in the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2024, the Company paid $210.6 million for purchases of oil and gas properties, and received purchase price adjustments from acquisitions of $19.8 million. For the nine months ended September 30, 2023, the Company paid $172.1 million for purchases of oil and gas properties.
Depletion expense was $78.0 million and $239.5 million for the three and nine months ended September 30, 2024, respectively. Depletion expense was $80.6 million and $222.3 million for the three and nine months ended September 30, 2023, respectively.