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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 255,810 $ 465,460
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 343,799 191,669
Impairment of oil and gas properties 854 0
Accretion of asset retirement obligations 1,958 1,863
Settlement of asset retirement obligations (1,727) (664)
Gain on sale of oil and gas properties (47,404) (14,803)
Gain on sale of office and other equipment (33) (152)
Total loss on derivative contracts, net 111,820 141,101
Operating portion of net cash paid in settlement of derivative contracts (29,494) (169,708)
Stock-based compensation - equity and liability awards 26,977 15,112
Deferred income taxes 54,930 77,591
Write-off of deferred financing costs 5,109 0
Amortization of deferred financing costs 5,704 3,723
Changes in assets and liabilities (net of assets and liabilities acquired):    
(Increase) decrease in accounts receivable 63,523 (189,504)
(Increase) decrease in prepaid expenses and other current assets (11,307) (16,546)
Increase (decrease) in accounts payable and accrued expenses (43,326) 92,450
Increase (decrease) in revenues and royalties payable 26,273 94,260
Increase (decrease) in advances (1,568) 11,317
Net cash provided by operating activities 761,898 703,169
Cash flows from investing activities:    
Acquisition of oil and gas properties, net of cash acquired (924,482) (1,518,269)
Additions to oil and gas properties (522,404) (325,109)
Additions to office and other equipment (840) (1,694)
Proceeds from sales of oil and gas properties 57,353 26,165
Net cash used in investing activities (1,390,373) (1,818,907)
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement 3,467,269 2,348,728
Repayments of borrowings under Credit Agreement (3,037,022) (2,276,996)
Proceeds from term loan 0 244,209
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 (8,131) (5,168)
Cash paid for finance leases (599) (408)
Deferred financing costs (6,754) (15,222)
Net cash provided by financing activities 645,067 1,111,725
Net increase (decrease) in cash and cash equivalents 16,592 (4,013)
Cash and cash equivalents at beginning of period 0 4,013
Cash and cash equivalents at end of period 16,592 0
8.000% Senior Notes Due 2027 | Senior Notes    
Cash flows from financing activities:    
Proceeds from issuance, net 0 537,256
9.875% Senior Notes Due 2031 | Senior Notes    
Cash flows from financing activities:    
Proceeds from issuance, net $ 480,304 $ 0