Note 7 - Crude Oil, Natural Gas and NGLs Properties and Equipment

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Oil and Gas, Property and Equipment [Text Block]

7. CRUDE OIL, NATURAL GAS and NGLs PROPERTIES AND EQUIPMENT

The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following: 

	As of March 31, 2024			As of December 31, 2023
	(in thousands)
Crude oil, natural gas and NGLs properties and equipment - successful efforts method:
Wells, platforms and other production facilities	$	1,481,103		$	1,468,542
Work-in-progress		7,404			4,183
Undeveloped acreage		53,683			52,109
Equipment and other		51,357			47,794
Total crude oil, natural gas and NGLs properties, equipment and other		1,593,547			1,572,628
Accumulated depreciation, depletion, amortization and impairment		(1,136,128	)		(1,112,842	)
Net crude oil, natural gas and NGLs properties, equipment and other	$	457,419		$	459,786