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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 61,051,000 $ 10,487,000
Adjustments to reconcile net income to net cash provided by operations:    
Exploration and abandonment expense 32,000 369,000
Depletion, depreciation and amortization expense 51,907,000 29,820,000
Accretion expense 120,000 72,000
Stock-based compensation expense 18,555,000 1,989,000
Amortization of debt issuance costs 1,781,000 77,000
Amortization of original issue discount on senior notes 2,741,000 0
Derivative-related activity 16,442,000 12,558,000
Deferred income taxes 23,760,000 2,535,000
Changes in operating assets and liabilities:    
Accounts receivable (50,857,000) (16,064,000)
Prepaid expenses, inventory and other assets (2,571,000) (366,000)
Accounts payable, accrued liabilities and other current liabilities 25,225,000 5,803,000
Net cash provided by operating activities 148,186,000 47,280,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to crude oil and natural gas properties (403,177,000) (89,959,000)
Changes in working capital associated with crude oil and natural gas property additions 105,476,000 15,223,000
Acquisitions of crude oil and natural gas properties (250,448,000) (2,070,000)
Other property additions (996,000) (61,000)
Net cash used in investing activities (549,145,000) (76,867,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior unsecured notes, net of discount 210,179,000 0
Borrowings under revolving credit facility 380,000,000 14,000,000
Repayments under revolving credit facility (195,000,000) 0
Debt issuance costs (9,098,000) (1,759,000)
Proceeds from exercises of warrants 7,750,000 5,466,000
Proceeds from subscription receivable from exercises of warrants 0 3,596,000
Proceeds from exercises of stock options 120,000 1,574,000
Dividends paid (4,959,000) 0
Dividend equivalents paid (427,000) 0
Stock offering costs (58,000) 0
Net cash provided by financing activities 388,507,000 22,877,000
Net increase (decrease) in cash and cash equivalents (12,452,000) (6,710,000)
Cash and cash equivalents, beginning of period 34,869,000 19,552,000
Cash and cash equivalents, end of period 22,417,000 12,842,000
Supplemental disclosure of non-cash transactions:    
Interest paid 1,689,000 133,000
Income taxes paid 0 0
Stock issued for acquisition 264,982,000 0
Additions to asset retirement obligations $ 3,676,000 $ 600,000