XML 33 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales, Other Revenue Oil and Gas Sales, Other Revenue Oil and Gas Sales, Other Revenue
Gain (Loss) on Commodity Derivatives, Net $ 259,250 $ (415,262) $ (478,193)
Total Revenues 2,166,259 1,570,535 496,899
Operating Expenses      
Production Expenses 347,006 260,676 170,817
Production Taxes 160,118 158,194 76,954
General and Administrative Expenses 46,801 47,201 30,341
Depletion, Depreciation, Amortization and Accretion 486,024 251,272 140,828
Other Expenses 4,448 0 0
Total Operating Expenses 1,044,397 717,343 418,940
Income From Operations 1,121,862 853,192 77,959
Other Income (Expense)      
Interest Expense, Net of Capitalization (135,664) (80,331) (59,020)
Gain (Loss) on Interest Rate Derivatives, Net (1,017) 993 1,043
Gain (Loss) on the Extinguishment of Debt, Net 659 810 (13,087)
Contingent Consideration Gain (Loss) 10,107 1,859 (292)
Other Income (Expense) 4,795 (185) (9)
Total Other Income (Expense) (121,120) (76,854) (71,365)
Income Before Income Taxes 1,000,742 776,338 6,594
Income Tax Expense 77,773 3,101 233
Net Income 922,969 773,237 6,361
Cumulative Preferred Stock Dividend 0 (9,803) (14,761)
Premium on Repurchase of Preferred Stock 0 (35,731) 0
Net Income (Loss) Attributable to Common Stockholders $ 922,969 $ 727,703 $ (8,400)
Net Loss Per Common Share - Basic (in dollars per share) $ 10.09 $ 9.26 $ (0.13)
Net Loss Per Common Share - Diluted (in dollars per share) $ 10.03 $ 8.92 $ (0.13)
Weighted Average Shares Outstanding - Basic (in shares) 91,483,687 78,557,216 62,989,543
Weighted Average Shares Outstanding - Diluted (in shares) 92,060,947 86,675,365 62,989,543
Oil and Gas Sales      
Revenues      
Oil and Gas Sales $ 1,897,779 $ 1,985,798 $ 975,089
Other Revenue      
Revenues      
Oil and Gas Sales $ 9,230 $ 0 $ 3