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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Provision
The following table shows the components of the Company’s income tax provision for the years ended December 31, 2022, 2021 and 2020 (in thousands):
 Years Ended December 31,
 202220212020
Current:  
Federal$— $— $— 
State1,811 625 545 
Total current$1,811 $625 $545 
Deferred:
Federal$114,876 $901 $(147)
State7,729 333 (510)
Total deferred$122,605 $1,234 $(657)
Total income tax expense (benefit)$124,416 $1,859 $(112)
Schedule of Reconciliation of Effective Tax Rate to Statutory Rate
A reconciliation of the effective tax rate to the federal statutory rate for the years ended December 31, 2022, 2021 and 2020 is as follows (in thousands, except percentages):
 Years Ended December 31,
 202220212020
Net income (loss) before income taxes$775,033 $63,365 $(29,546)
Statutory rate21 %21 %21 %
Tax expense (benefit) computed at statutory rate$162,757 $13,307 $(6,204)
Noncontrolling interest(41,743)(5,613)3,349 
Non-deductible general and administrative expenses1,360 (455)1,943 
Return to accrual and other true-up(73)— 157 
State income taxes, net of Federal benefit9,187 958 35 
Valuation allowance(7,072)(6,338)608 
Total income tax expense (benefit)$124,416 $1,859 $(112)
Effective tax rate16.1 %2.9 %0.4 %
Schedule of Components of Deferred Tax Assets and Liabilities Significant components of the deferred tax assets and liabilities at December 31, 2022 and 2021 are as follows (in thousands):
 Years Ended December 31,
 20222021
Deferred noncurrent income tax assets (liabilities):  
Oil & gas properties$11,437 $20,909 
Basis difference in subsidiary obligation(2,364)(2,211)
Investment in Partnerships(186,925)(40,141)
Federal net operating loss carryforward40,695 16,544 
Interest limitation2,581 — 
Net deferred noncurrent tax (liability) asset$(134,576)$(4,899)
Valuation allowance(3,760)(10,832)
Net deferred tax liability$(138,336)$(15,731)