| Schedule of Property and Equipment |
The major categories of property and equipment and related accumulated depletion, depreciation, amortization ("DD&A") and impairment as of September 30, 2020 and December 31, 2019 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2020 |
|
December 31, 2019 |
|
(In thousands) |
| Oil and natural gas properties |
$ |
10,786,305 |
|
|
$ |
10,595,735 |
|
| Accumulated DD&A and impairment |
(8,735,750) |
|
|
(7,191,957) |
|
| Oil and natural gas properties, net |
2,050,555 |
|
|
3,403,778 |
|
| Other depreciable property and equipment |
91,101 |
|
|
91,198 |
|
| Land |
4,820 |
|
|
5,521 |
|
| Accumulated DD&A |
(43,954) |
|
|
(36,703) |
|
| Other property and equipment, net |
51,967 |
|
|
60,016 |
|
| Property and equipment, net |
$ |
2,102,522 |
|
|
$ |
3,463,794 |
|
|
| Schedule of Non-Producing Properties Excluded from Amortization by Area |
The following table summarizes the Company’s unevaluated properties excluded from amortization by area at September 30, 2020:
|
|
|
|
|
|
|
September 30, 2020 |
|
(In thousands) |
| Utica |
$ |
850,643 |
|
| SCOOP |
674,280 |
|
| Other |
2,018 |
|
|
$ |
1,526,941 |
|
|
| Schedule of Asset Retirement Obligation |
A reconciliation of the Company’s asset retirement obligation for the nine months ended September 30, 2020 and 2019 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2020 |
|
September 30, 2019 |
|
(In thousands) |
| Asset retirement obligation, beginning of period |
$ |
60,355 |
|
|
$ |
79,952 |
|
| Liabilities incurred |
2,343 |
|
|
5,769 |
|
| Liabilities settled |
— |
|
|
(117) |
|
| Liabilities removed due to divestitures |
(2,033) |
|
|
(30,035) |
|
| Accretion expense |
2,270 |
|
|
3,173 |
|
| Revisions in estimated cash flows |
— |
|
|
1,077 |
|
| Asset retirement obligation as of end of period |
$ |
62,935 |
|
|
$ |
59,819 |
|
|
|
|
|
|
|
|
|
|