Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

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

	As of December 31,
	2022	2021
Oil and natural gas properties, full cost accounting method	(In thousands)
Evaluated properties	$10,367,478	$9,238,823
Accumulated depreciation, depletion, amortization and impairments	(6,343,875)	(5,886,002)
Evaluated properties, net	4,023,603	3,352,821
Unevaluated properties
Unevaluated leasehold and seismic costs	1,392,327	1,557,453
Capitalized interest	318,979	255,374
Total unevaluated properties	1,711,306	1,812,827
Total oil and natural gas properties, net	$5,734,909	$5,165,648
Other property and equipment	$40,530	$58,367
Accumulated depreciation	(14,378)	(30,239)
Other property and equipment, net	$26,152	$28,128

Summary of Average Realized Price of Crude Oil

Details of the 12-Month Average Realized Price of oil for the years ended December 31, 2022, 2021, and 2020 are summarized in the table below:

	Years Ended December 31,
	2022		2021		2020
Impairment of evaluated oil and natural gas properties (In thousands)	$—		$—		$2,547,241
Beginning of period 12-Month Average Realized Price ($/Bbl)	$65.44		$37.44		$53.90
End of period 12-Month Average Realized Price ($/Bbl)	$95.02		$65.44		$37.44
Percent increase (decrease) in 12-Month Average Realized Price	45	%	75	%	(31	%)

The following average realized prices were used in the calculation of proved reserves and the standardized measure of discounted future net cash flows.

	Years Ended December 31,
	2022	2021	2020
Oil ($/Bbl)	$95.02	$65.44	$37.44
Natural gas ($/Mcf)	$5.75	$3.31	$1.02
NGLs ($/Bbl)	$36.40	$29.19	$11.10

Schedule of Capitalized Costs of Unproved Properties Excluded from Amortization

Unevaluated property costs not subject to amortization as of December 31, 2022 were incurred in the following periods:

	2022	2021	2020	2019 and Prior	Total
	(In thousands)
Unevaluated property costs	$141,944	$401,403	$113,078	$1,054,881	$1,711,306