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Costs Incurred for Property Acquisition, Exploration and Development (Tables)
6 Months Ended
Jun. 30, 2015
Extractive Industries [Abstract]  
Costs Incurred for Property Acquisition, Exploration and Development

 

 

Six Months
Ended
June 30,

2015

 

 

Year Ended
December 31, 2014

 

 

 

(in thousands)

 

Acquisitions

 

$

 

 

$

404,252

(b)

Acreage purchases

 

 

36,653

 

 

 

226,475

 

Development

 

 

484,369

 

 

 

1,119,896

 

Exploration:

 

 

 

 

 

 

 

 

Drilling

 

 

39,962

 

 

 

180,925

 

Expense

 

 

11,429

 

 

 

58,979

 

Stock-based compensation expense

 

 

1,483

 

 

 

4,569

 

Gas gathering facilities:

 

 

 

 

 

 

 

 

Development

 

 

4,655

 

 

 

13,137

 

Subtotal

 

 

578,551

 

 

 

2,008,233

 

Asset retirement obligations

 

 

18,684

 

 

 

56,822

 

Total costs incurred

 

$

597,235

 

 

$

2,065,055

 

(a)

Includes costs incurred whether capitalized or expensed.

(b)

The year ended December 31, 2014 represents the EQT assets in Virginia we received as part of the Conger Exchange transaction.  The transaction was recorded at fair value and we also received $145.0 million in cash, before closing adjustments.