Property and Equipment, Net
|12 Months Ended|
Dec. 31, 2021
|Property, Plant and Equipment [Abstract]|
|Property and Equipment, Net||Property and Equipment, Net
As of December 31, 2021 and 2020, total property and equipment, net consisted of the following:
The Company capitalized internal costs of employee compensation and benefits, including stock-based compensation, directly associated with acquisition, exploration and development activities totaling $47.4 million for the year ended December 31, 2021 and $36.2 million for the years ended December 31, 2020 and 2019.
The Company capitalized interest costs to unproved properties totaling $99.6 million, $88.6 million and $78.5 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Impairment of Evaluated Oil and Gas Properties
The Company did not recognize impairments of evaluated oil and gas properties for the years ended December 31, 2021 and 2019. Primarily as a result of the significant reduction in the 12-Month Average Realized Price of crude oil, the Company recognized impairments of evaluated oil and gas properties of $2.5 billion for the year December 31, 2020.
Details of the 12-Month Average Realized Price of crude oil for the years ended December 31, 2021, 2020, and 2019 are summarized in the table below:
Unevaluated property costs not subject to amortization as of December 31, 2021 were incurred in the following periods:
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef