Properties and Equipment

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment Disclosure

NOTE 6 - PROPERTIES AND EQUIPMENT, NET

The following table presents the components of properties and equipment, net of accumulated depreciation, depletion and amortization (“DD&A”) as of the dates indicated:

	September 30, 2022		December 31, 2021
	(in thousands)
Properties and equipment, net:
Crude oil and natural gas properties
Proved	$	10,961,408	$	8,310,018
Unproved	257,919		306,181
Total crude oil and natural gas properties	11,219,327		8,616,199
Equipment and other	69,570		63,099
Land and buildings	25,406		19,928
Construction in progress	614,313		371,968
Properties and equipment, at cost	11,928,616		9,071,194
Accumulated DD&A	(4,801,325)		(4,256,329)
Properties and equipment, net	$	7,127,291	$	4,814,865

Suspended Well Costs. The following table presents the capitalized exploratory well cost pending determination of proved reserves and included in properties and equipment for the periods presented:

	Year Ended December 31, 2021
	(in thousands, except for number of wells)
Beginning balance	$	7,459
Additions to capitalized exploratory well costs pending the determination of proved reserves	5,902
Reclassifications to proved properties	(13,361)
Ending balance	$	—
Number of wells pending determination at period-end	—

As of September 30, 2022, there were no capitalized exploratory well costs.