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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities      
Net Income $ 520,308 $ 922,969 $ 773,237
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 740,901 486,024 251,272
Amortization of Debt Issuance Costs 9,411 8,096 4,975
Gain on Extinguishment of Debt 0 (659) (810)
Amortization of Bond Premium on Long-term Debt (1,143) (1,475) (2,125)
Loss on the Sale of Other Property & Equipment 0 0 185
Deferred Income Taxes 159,550 76,858 (571)
Unrealized (Gain) Loss on Derivative Instruments 20,995 (200,314) (41,180)
Gain on Contingent Consideration 0 (10,107) (1,859)
Share-Based Compensation Expense 11,969 5,660 5,656
Other 558 2,404 2,038
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (17,367) (101,317) (74,904)
Prepaid and Other Expenses (1,498) (474) (720)
Accounts Payable (4,409) (15,236) (338)
Accrued Liabilities 8,168 9,154 9,955
Accrued Interest (227) 1,738 3,607
Settlement Difference for Asset Retirement Obligations (3,752) 0 0
Income Tax Receivable (34,801) 0 0
Net Cash Provided By Operating Activities 1,408,663 1,183,321 928,418
Cash Flows From Investing Activities      
Acquisitions of and Capital Expenditures on Oil and Natural Gas Properties (1,691,720) (1,844,040) (1,355,197)
Acquisition Deposit 17,094 (17,094) (43,000)
Purchases of Other Property and Equipment (128) (1,212) (4,579)
Net Cash Used For Investing Activities (1,674,754) (1,862,346) (1,402,777)
Cash Flows From Financing Activities      
Advances on Revolving Credit Facility 984,000 998,224 1,260,000
Repayments on Revolving Credit Facility (455,000) (1,156,224) (996,000)
Purchase of Capped Call 0 0 (36,100)
Issuance of Convertible Notes 0 0 482,971
Issuance of Senior Notes 0 492,840 0
Repurchase of Senior Notes 0 (18,436) (24,907)
Debt Issuance Costs Paid (1,917) (11,896) (7,388)
Issuance of Common Stock 0 514,749 0
Common Stock Dividends Paid (161,969) (123,945) (51,602)
Repurchases of Common Stock (94,497) (8,004) (54,502)
Repurchase of Preferred Stock 0 0 (81,236)
Preferred Stock Dividends Paid 0 0 (21,664)
Restricted Stock Surrenders - Tax Obligations (3,788) (2,616) (2,206)
Net Cash Provided By Financing Activities 266,829 684,692 467,367
Net Increase (Decrease) in Cash and Cash Equivalents 738 5,667 (6,992)
Cash and Cash Equivalents – Beginning of Period 8,195 2,528 9,519
Cash and Cash Equivalents – End of Period $ 8,933 $ 8,195 $ 2,528