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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 1,111,293 $ 755,686 $ 220,124
Operating Costs and Expenses:      
Crude oil and natural gas production 145,362 69,599 25,053
Production and ad valorem taxes 58,472 38,440 10,746
Exploration and abandonments 5,234 1,149 1,549
Depletion, depreciation and amortization 424,424 177,742 65,201
Accretion of discount 522 370 167
General and administrative 16,598 12,470 8,885
Stock-based compensation 25,957 33,352 6,676
Total operating costs and expenses 676,569 333,122 118,277
Other expense 8,262 0 167
Income (loss) from operations 426,462 422,564 101,680
Interest and other income 2,908 266 1
Interest expense (147,901) (50,610) (2,484)
Gain (loss) on derivative instruments, net 27,602 (60,005) (26,734)
Loss on extinguishment of debt (27,300) 0 0
Income (loss) before income taxes 281,771 312,215 72,463
Provision for income taxes 65,905 75,361 16,904
Net income (loss) $ 215,866 $ 236,854 $ 55,559
Earnings per share:      
Basic net income (loss) (in dollars per share) $ 1.64 $ 2.04 $ 0.55
Diluted net income (in dollars per share) $ 1.58 $ 1.93 $ 0.54
Weighted average shares outstanding:      
Basic (in shares) 117,956 104,738 93,127
Diluted (in shares) 123,020 111,164 94,772
Dividends declared per share (in dollars per share) $ 0.1 $ 0.1 $ 0.125
Crude Oil Sales [Member]      
Operating Revenues:      
Total operating revenues $ 1,086,598 $ 715,469 $ 210,453
Natural Gas and NGL Sales [Member]      
Operating Revenues:      
Total operating revenues $ 24,695 $ 40,217 $ 9,671