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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Total Revenues $ 375,047 $ 321,743
Costs and Expenses:    
Lease operating expenses 58,817 32,458
Production and ad valorem taxes 25,559 19,273
Exploration costs 4,165 2,032
Depletion, depreciation, amortization and accretion 65,055 32,113
Impairment of oil and natural gas properties 9,760 7,325
General and administrative:    
Administrative costs 26,569 18,496
Share-based compensation expense 6,833 3,439
Transaction costs 5,817 2,638
Total Costs and Expenses 203,154 118,224
Income From Operations 171,893 203,519
Other Income (Expense):    
Interest expense, net (31,816) (1,090)
Gain (loss) on derivatives, net 6,193 (51,574)
Loss from equity method investment (218) 0
Total Other Income (Expense) (25,841) (52,664)
Net Income From Operations Before Income Taxes 146,052 150,855
Income tax expense (34,461) (32,844)
Net income $ 111,591 $ 118,011
Net Income per Share:    
Basic (USD per Share) $ 5.66 $ 6.04
Diluted (USD per Share) $ 5.58 $ 5.99
Weighted Average Common Shares Outstanding:    
Basic (in Shares) 19,705 19,553
Diluted (in Shares) 20,000 19,686
Related Party    
General and administrative:    
Cost of contract services - related parties $ 579 $ 450
Oil and natural gas sales, net    
Revenues:    
Total Revenues 372,647 319,343
Contract services - related parties    
Revenues:    
Total Revenues $ 2,400 $ 2,400