Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

Property and Equipment, Net
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
As of June 30, 2023 and December 31, 2022, total property and equipment, net consisted of the following:
June 30, 2023 December 31, 2022*
Oil and natural gas properties, successful efforts accounting method (In thousands)
Proved properties $8,507,689  $9,268,135 
Accumulated depreciation, depletion, amortization and impairments (4,291,048) (4,416,606)
Proved properties, net 4,216,641  4,851,529 
Unproved properties 1,203,168  1,225,768 
Total oil and natural gas properties, net $5,419,809  $6,077,297 
Other property and equipment $40,104  $40,530 
Accumulated depreciation (13,508) (14,378)
Other property and equipment, net $26,596  $26,152 
*Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.