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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues:        
Crude oil sales $ 345,586 $ 204,114 $ 810,140 $ 497,771
Operating costs and expenses:        
Crude oil and natural gas production 39,820 19,707 107,696 45,748
Production and ad valorem taxes 18,839 10,526 44,395 25,833
Exploration and abandonments 1,728 290 4,372 683
Depletion, depreciation and amortization 117,420 42,624 291,562 94,531
Accretion of discount 122 125 360 245
General and administrative 6,934 1,877 11,952 5,833
Stock-based compensation 14,057 10,655 22,095 29,210
Total operating costs and expenses 198,920 85,804 482,432 202,083
Other expense 540 0 8,042 0
Income from operations 146,126 118,310 319,666 295,688
Interest and other income 730 1 923 253
Interest expense (37,022) (14,608) (103,278) (29,142)
Gain (loss) on derivative instruments, net (29,655) 35,798 (30,898) (42,487)
Loss on extinguishment of debt (27,300) 0 (27,300) 0
Income before income taxes 52,879 139,501 159,113 224,312
Provision for income taxes 14,100 31,597 38,251 55,357
Net income $ 38,779 $ 107,904 $ 120,862 $ 168,955
Earnings per share:        
Basic net income (in dollars per share) $ 0.28 $ 0.90 $ 0.94 $ 1.48
Diluted net income (in dollars per share) $ 0.28 $ 0.85 $ 0.90 $ 1.40
Weighted average shares outstanding:        
Basic (in shares) 123,159 108,681 115,164 102,614
Diluted (in shares) 127,006 115,118 120,531 109,144
Dividends declared per share (in dollars per share) $ 0.025 $ 0.025 $ 0.075 $ 0.075
Crude Oil Sales [Member]        
Operating revenues:        
Crude oil sales $ 338,372 $ 189,441 $ 790,458 $ 467,305
Natural Gas and NGL Sales [Member]        
Operating revenues:        
Crude oil sales $ 7,214 $ 14,673 $ 19,682 $ 30,466