XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Oil, natural gas and natural gas liquids revenues $ 574,542,000 $ 355,430,000 $ 118,548,000
Lease bonus and other income 18,814,000 14,182,000 2,040,000
Total revenues 593,356,000 369,612,000 120,588,000
Operating expenses:      
Management fees to affiliates   3,241,000 7,480,000
Depreciation, depletion and amortization 291,320,000 104,511,000 40,906,000
General and administrative 49,620,000 42,299,000 12,998,000
Severance and ad valorem taxes 46,939,000 25,572,000 6,934,000
Impairment of oil and gas properties 25,617,000    
Deferred offering costs write off     2,396,000
Loss on sale of oil and gas properties 144,471,000    
Total operating expenses 557,967,000 175,623,000 70,714,000
Net income from operations 35,389,000 193,989,000 49,874,000
Other income (expense):      
Interest expense, net (93,413,000) (35,499,000) (1,893,000)
Change in fair value of warrant liability 2,950,000 3,662,000  
Loss on extinguishment of debt (21,566,000) (11,487,000)  
Commodity derivatives gains 15,199,000 39,037,000  
Interest rate derivatives gains 462,000 110,000  
Net income (loss) before taxes (60,979,000) 189,812,000 47,981,000
Income tax benefit (expense) 14,284,000 (5,681,000) (486,000)
Net income (loss) (46,695,000) 184,131,000 47,495,000
Net income attributable to Predecessor   (78,104,000) $ (47,495,000)
Net income attributable to temporary equity   (90,377,000)  
Net (income) loss attributable to noncontrolling interest 31,159,000 51,000  
Net income (loss) attributable to Class A stockholders $ (15,536,000) $ 15,701,000  
Net income (loss) per Class A common share      
Basic $ (0.2) $ 1.1  
Diluted $ (0.2) $ 1.1  
Weighted average Class A common shares outstanding      
Basic 81,269 13,723  
Diluted 81,269 13,723