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Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Balances
The following table summarizes our debt balances as of June 30, 2025 and December 31, 2024:

Debt OutstandingLetters of Credit IssuedBorrowing BaseMaturity
(in thousands)
June 30, 2025
Revolving Credit Facility$323,500 $19,936 $2,600,000 4/10/2029
9.250% Senior Notes due 2028
1,000,000 — — 2/15/2028
7.625% Senior Notes due 2032
1,100,000 — — 4/1/2032
7.375% Senior Notes due 2033
1,000,000 — — 1/15/2033
Less: Unamortized discount, premium and issuance costs(49,905)
Total long-term debt$3,373,595 
December 31, 2024
Revolving Credit Facility$— $21,186 $2,600,000 4/10/2029
9.250% Senior Notes due 2028
1,000,000 — — 2/15/2028
7.625% Senior Notes due 2032
1,100,000 — — 4/1/2032
7.375% Senior Notes due 2033
1,000,000 — — 1/15/2033
Less: Unamortized discount, premium and issuance costs(50,745)
Total long-term debt$3,049,255 
The following table summarizes fees, discounts and commissions paid to KCM by Crescent in connection with our debt and equity transactions:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)
Amounts paid to KCM$— $1,866 $— $3,704