Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.20.2
PROPERTY AND EQUIPMENT (Tables)
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
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