Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

As of September 30, 2022 and December 31, 2021, total property and equipment, net consisted of the following:

	September 30, 2022	December 31, 2021
Oil and natural gas properties, full cost accounting method	(In thousands)
Evaluated properties	$10,004,257	$9,238,823
Accumulated depreciation, depletion, amortization and impairments	(6,214,727)	(5,886,002)
Evaluated properties, net	3,789,530	3,352,821
Unevaluated properties
Unevaluated leasehold and seismic costs	1,525,085	1,557,453
Capitalized interest	322,827	255,374
Total unevaluated properties	1,847,912	1,812,827
Total oil and natural gas properties, net	$5,637,442	$5,165,648
Other property and equipment	$40,094	$58,367
Accumulated depreciation	(14,023)	(30,239)
Other property and equipment, net	$26,071	$28,128

The Company capitalized internal costs of employee compensation and benefits, including share-based compensation, directly associated with acquisition, exploration and development activities totaling $12.7 million and $10.4 million for the three months ended September 30, 2022 and 2021, respectively, and $35.6 million and $33.7 million for the nine months ended September 30, 2022 and 2021, respectively.

The Company capitalized interest costs to unproved properties totaling $27.5 million and $26.1 million for the three months ended September 30, 2022 and 2021, respectively, and $79.3 million and $74.0 million for the nine months ended September 30, 2022 and 2021, respectively.