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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Oil, natural gas and natural gas liquids revenues $ 86,507 $ 19,616 $ 151,458 $ 36,069
Lease bonus and other income 1,297 55 2,709 650
Total revenue 87,804 19,671 154,167 36,719
Operating expenses:        
Management fees to affiliates 1,371 1,870 3,241 3,740
Depreciation, depletion and amortization 19,912 8,936 35,297 15,801
General and administrative 6,675 1,105 10,662 1,278
General and administrative - affiliates   1,050 74 3,217
Severance and ad valorem taxes 6,950 1,453 10,804 2,574
Total operating expenses 34,908 14,414 60,078 26,610
Net income from operations 52,896 5,257 94,089 10,109
Other income (expense):        
Interest expense, net (1,942) (218) (3,110) (524)
Change in fair value of warrant liability 3,306   3,306  
Commodity derivatives gains 20,010   18,895  
Income before income tax expense 74,270 5,039 113,180 9,585
Income tax expense (2,257) (20) (2,645) (90)
Net income 72,013 5,019 110,535 9,495
Net income attributable to Predecessor (39,582) $ (5,019) (78,104) $ (9,495)
Net income attributable to temporary equity (26,271)   (26,271)  
Net income attributable to stockholders $ 6,160   $ 6,160  
Net income per common share        
Basic $ 0.49   $ 0.49  
Diluted $ 0.39   $ 0.39  
Weighted average number of shares outstanding:        
Basic 12,522,000   12,522,000  
Diluted 83,841,000   83,841,000