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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income including noncontrolling interests and temporary equity $ 110,535 $ 9,495
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization 35,297 15,801
Share-based compensation 978  
Change in fair value of warrant liability (3,306)  
Commodity derivative losses (18,895)  
Losses on settled commodity derivatives (420)  
Deferred tax expense 133  
Change in operating assets and liabilities:    
Accrued revenue and accounts receivable, net (21,741) (2,696)
Other prepaid assets (734) (25)
Other long-term assets 350  
Deferred financing costs   141
Accrued expenses and other liabilities (13,374) (310)
Due to affiliates (380) 1,279
Other long-term liabilities (12) (23)
Net cash provided by operating activities 88,431 23,662
Cash flows from investing activities:    
Acquisition of Falcon, net of cash 4,484  
Predecessor cash not contributed in the Merger (15,229)  
Purchases of oil and gas properties (356,799) (1,918)
Proceeds from sales of oil and gas properties   (63)
Purchases of other property and equipment (676)  
Deposits for property acquisitions (22,428) (2,325)
Net cash provided by (used) in investing activities (390,648) (4,306)
Cash flows from financing activities:    
Borrowings on credit facility 156,895  
Repayments on credit facility (79,000) (23,600)
Borrowings on bridge loan facility 250,000  
Bridge loan facility issuance costs (6,281)  
Issuance of equity in consolidated subsidiary   1,467
Contributions of partners' capital received in advance   1,463
Distributions to non-controlling interests (13,318)  
Payments of deferred financing costs (2,830) (29)
Deferred initial public offering costs (10)  
Net cash provided by (used) in financing activities 305,456 (20,699)
Net change in cash and cash equivalents 3,239 (1,343)
Cash and cash equivalents, beginning of year 12,379 7,531
Cash and cash equivalents, end of period 15,618 6,188
Supplemental disclosure of non-cash transactions:    
Increase in current liabilities for additions to property and equipment: 328 1,174
Oil and gas properties acquired through issuance of Class C Common Stock in consolidated subsidiary: (696,576)  
Oil and gas properties acquired through issuance of equity in consolidated subsidiary:   319,224
Oil and gas properties acquired through deemed distribution in connection with common control transaction:   37,459
Temporary equity cumulative adjustment to redemption value: 254,368  
Supplemental disclosure of cash flow information:    
Cash paid for income taxes: 477 25
Cash paid for interest expense: $ 1,873 $ 461