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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 549,165 $ 367,210 $ 979,097 $ 689,792
Operating expenses:        
Lease operating expense 157,310 101,165 292,488 182,527
Production taxes 476 607 1,020 1,213
Depreciation, depletion and amortization 259,091 169,794 474,755 317,117
Accretion expense 30,732 22,760 57,635 42,174
General and administrative expense 48,247 33,182 118,088 96,369
Other operating (income) expense (1,061) (723) (87,104) 2,115
Total operating expenses 494,795 326,785 856,882 641,515
Operating income (expense) 54,370 40,425 122,215 48,277
Interest expense (48,982) (45,632) (99,827) (83,213)
Price risk management activities income (expense) 2,302 26,197 (84,760) 85,134
Equity method investment income (expense) (456) (2,012) (8,510) 5,431
Other income (expense) 4,164 1,591 (51,732) 8,257
Net income (loss) before income taxes 11,398 20,569 (122,614) 63,886
Income tax benefit (expense) 983 (6,892) 22,556 39,651
Net income (loss) $ 12,381 $ 13,677 $ (100,058) $ 103,537
Net income (loss) per common share:        
Basic $ 0.07 $ 0.11 $ (0.59) $ 0.9
Diluted $ 0.07 $ 0.11 $ (0.59) $ 0.89
Weighted average common shares outstanding:        
Basic 183,564 125,436 171,027 115,590
Diluted 183,692 125,667 171,027 116,363
Oil        
Revenues:        
Revenues $ 507,408 $ 342,983 $ 900,629 $ 635,677
Natural Gas        
Revenues:        
Revenues 26,060 16,329 49,758 36,512
NGL        
Revenues:        
Revenues $ 15,697 $ 7,898 $ 28,710 $ 17,603