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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues:      
Total operating revenues $ 1,069,414 $ 1,111,293 $ 755,686
Operating Costs and Expenses:      
Crude oil and natural gas production 132,244 145,362 69,599
Production and ad valorem taxes 59,677 58,472 38,440
Exploration and abandonments 1,476 5,234 1,149
Depletion, depreciation and amortization 500,752 424,424 177,742
Accretion of discount 966 522 370
General and administrative 20,392 16,598 12,470
Stock-based compensation 12,701 25,957 33,352
Total operating costs and expenses 728,208 676,569 333,122
Other expense 3,795 8,262 0
Income from operations 337,411 426,462 422,564
Interest income 8,685 2,908 266
Interest expense (168,712) (147,901) (50,610)
(Loss) gain on derivative instruments, net (46,464) 27,602 (60,005)
Loss on extinguishment of debt 0 (27,300) 0
Income before income taxes 130,920 281,771 312,215
Provision for income taxes 35,851 65,905 75,361
Net income $ 95,069 $ 215,866 $ 236,854
Earnings per share:      
Basic net income (loss) (in dollars per share) $ 0.69 $ 1.64 $ 2.04
Diluted net income (in dollars per share) $ 0.67 $ 1.58 $ 1.93
Weighted average shares outstanding:      
Basic (in shares) 125,281 117,956 104,738
Diluted (in shares) 129,205 123,020 111,164
Dividends declared per share (in dollars per share) $ 0.16 $ 0.1 $ 0.1
Crude Oil Sales [Member]      
Operating Revenues:      
Total operating revenues $ 1,060,476 $ 1,086,598 $ 715,469
Natural Gas and NGL Sales [Member]      
Operating Revenues:      
Total operating revenues $ 8,938 $ 24,695 $ 40,217