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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Revenue $ 275,266 $ 240,760 $ 563,030 $ 464,554
Operating costs and expenses:        
Crude oil and natural gas production 32,798 34,934 63,069 67,876
Production and ad valorem taxes 16,596 13,259 30,998 25,556
Exploration and abandonments 167 480 665 2,644
Depletion, depreciation and amortization 127,693 93,011 258,543 174,142
Accretion of discount 242 120 481 238
General and administrative 4,735 2,516 9,420 5,018
Stock-based compensation 3,775 3,984 7,573 8,038
Total operating costs and expenses 186,006 148,304 370,749 283,512
Other expense 2,000 7,502 2,001 7,502
Income from operations 87,260 84,954 190,280 173,540
Interest income 2,400 163 4,792 193
Interest expense (42,991) (39,284) (86,625) (66,256)
Loss on derivative instruments, net (2,702) (4,363) (55,745) (1,243)
Income before income taxes 43,967 41,470 52,702 106,234
Provision for income taxes 14,250 9,644 16,547 24,151
Net income $ 29,717 $ 31,826 $ 36,155 $ 82,083
Earnings per share: (in dollars per share) $ 0.21 $ 0.25 $ 0.25 $ 0.64
Basic net income (in dollars per share) $ 0.21 $ 0.26 $ 0.26 $ 0.67
Weighted average shares outstanding: (in shares) 129,248 115,978 129,265 117,127
Basic (in shares) 125,341 111,227 125,341 111,227
Dividends declared per share (in dollars per share) $ 0.04 $ 0.025 $ 0.08 $ 0.05
Crude Oil Sales [Member]        
Operating Revenues:        
Revenue $ 274,590 $ 236,390 $ 556,959 $ 452,086
Natural Gas and NGL Sales [Member]        
Operating Revenues:        
Revenue $ 676 $ 4,370 $ 6,071 $ 12,468