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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 240,760 $ 201,428 $ 464,554 $ 293,657
Operating costs and expenses:        
Crude oil and natural gas production 34,934 16,595 67,876 26,041
Production and ad valorem taxes 13,259 10,301 25,556 15,307
Exploration and abandonments 480 184 2,644 393
Depletion, depreciation and amortization 93,011 34,883 174,142 51,907
Accretion of discount 120 66 238 120
General and administrative 2,516 2,016 5,018 3,956
Stock-based compensation 3,984 14,579 8,038 18,555
Total operating costs and expenses 148,304 78,624 283,512 116,279
Other expense 7,502 0 7,502 0
Income from operations 84,954 122,804 173,540 177,378
Interest and other income 163 2 193 252
Interest expense (39,284) (9,282) (66,256) (14,534)
Derivative loss, net (4,363) (11,891) (1,243) (78,285)
Income before income taxes 41,470 101,633 106,234 84,811
Income tax expense 9,644 24,072 24,151 23,760
Net income $ 31,826 $ 77,561 $ 82,083 $ 61,051
Earnings per share:        
Basic net income (in dollars per share) $ 0.26 $ 0.69 $ 0.67 $ 0.56
Diluted net income (in dollars per share) $ 0.25 $ 0.64 $ 0.64 $ 0.52
Weighted average shares outstanding:        
Basic (in shares) 111,227 103,178 111,227 99,530
Diluted (in shares) 115,978 111,228 117,127 106,843
Dividends declared per share (in dollars per share) $ 0.025 $ 0.025 $ 0.05 $ 0.05
Crude Oil Sales [Member]        
Operating revenues:        
Total operating revenues $ 236,390 $ 190,926 $ 452,086 $ 277,864
Natural Gas and NGL Sales [Member]        
Operating revenues:        
Total operating revenues $ 4,370 $ 10,502 $ 12,468 $ 15,793