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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 168,659 $ 166,148
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 220,740 100,789
Impairment of oil and gas properties 854 0
Accretion of asset retirement obligations 1,275 1,105
Settlement of asset retirement obligations (1,036) (475)
Gain on sale of oil and gas properties (46,114) 0
Gain on sale of office and other equipment (33) (46)
Total loss on derivative contracts, net 66,773 201,387
Operating portion of net cash paid in settlement of derivative contracts (7,443) (110,785)
Stock-based compensation - equity and liability awards 12,453 11,790
Deferred income taxes 36,229 20,546
Write-off of deferred financing costs 5,109 0
Amortization of deferred financing costs 3,459 2,069
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 63,303 (184,315)
(Increase) decrease in prepaid expenses and other current assets (834) (11,103)
Increase (decrease) in accounts payable and accrued expenses (62,031) 64,658
Increase (decrease) in revenues and royalties payable 11,267 85,570
Increase (decrease) in advances 4,137 (9,661)
Net cash provided by operating activities 476,767 337,677
Cash flows from investing activities:    
Acquisition of oil and gas properties, net of cash acquired (76,078) (1,035,289)
Additions to oil and gas properties (357,186) (180,381)
Additions to office and other equipment (482) (1,356)
Proceeds from sales of oil and gas properties 56,062 0
Net cash used in investing activities (377,684) (1,217,026)
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement 1,890,487 1,471,572
Repayments of borrowings under Credit Agreement (2,160,624) (1,396,572)
Repayment of term loan (250,000) 0
Proceeds from issuance of Series A Convertible Preferred Stock, net of offering costs of $674 0 279,326
Cash paid related to the exchange and cancellation of Class A Common Stock (7,141) (4,617)
Cash paid for finance leases (441) 0
Deferred financing costs (3,079) (11,623)
Net cash (used in) provided by financing activities (49,583) 875,336
Net increase (decrease) in cash and cash equivalents 49,500 (4,013)
Cash and cash equivalents at beginning of period 0 4,013
Cash and cash equivalents at end of period 49,500 0
8.000% Senior Notes Due 2027 | Senior Notes    
Cash flows from financing activities:    
Proceeds from issuance, net 0 537,250
9.875% Senior Notes Due 2031 | Senior Notes    
Cash flows from financing activities:    
Proceeds from issuance, net $ 481,215 $ 0