XML 84 R64.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Narrative (Details)
12 Months Ended
Dec. 16, 2024
USD ($)
Oct. 03, 2023
USD ($)
Sep. 22, 2023
USD ($)
Feb. 03, 2023
USD ($)
redetermination_request
Sep. 21, 2022
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
May 03, 2024
USD ($)
Dec. 20, 2023
USD ($)
Jun. 24, 2022
USD ($)
Line Of Credit Facility [Line Items]                      
Unamortized debt issuance costs           $ 9,619,000 $ 11,662,000        
Proceeds from notes           0 0 $ 425,000,000      
Loss on extinguishment of debt         $ 11,500,000 $ 0 21,566,000 11,487,000      
Credit Agreement                      
Line Of Credit Facility [Line Items]                      
Borrowing base $ 925,000,000.0   $ 850,000,000.0 $ 750,000,000.0         $ 850,000,000.0 $ 850,000,000.0  
Elected commitment amount $ 925,000,000.0   $ 850,000,000.0 750,000,000.0              
Maximum aggregate amount of letters of credit to be issued       $ 15,000,000.0              
Minimum                      
Line Of Credit Facility [Line Items]                      
Applicable margin           0.10%          
Maximum                      
Line Of Credit Facility [Line Items]                      
Applicable margin           0.25%          
Revolving Credit Facility                      
Line Of Credit Facility [Line Items]                      
Borrowing base           $ 925,000,000.0 850,000,000.0        
Outstanding borrowings           $ 487,800,000 $ 277,000,000        
Weighted average interest rate           7.50% 8.21%        
Unamortized debt issuance costs           $ 8,500,000 $ 11,200,000        
Interest expense           $ 3,200,000 2,900,000 1,200,000      
Deferred debt issuance cost, writeoff             1,500,000        
Percentage of commitments held by lenders, threshold for requesting an additional borrowing base redetermination       66.67%              
Number of additional borrowing base determinations requests between regularly scheduled redeterminations by lenders | redetermination_request       1              
Number of additional borrowing base determinations requests between regularly scheduled redeterminations by the company | redetermination_request       1              
Minimum current ratio requirement           1.00          
Total net funded debt to consolidated EBITDA           3.50          
Cash netting capped value           $ 25,000,000.0          
Revolving Credit Facility | Borrowing Base                      
Line Of Credit Facility [Line Items]                      
Outstanding borrowings           $ 487,800,000 277,000,000.0        
Revolving Credit Facility | Minimum                      
Line Of Credit Facility [Line Items]                      
Commitment fee percentage           0.375%          
Revolving Credit Facility | Minimum | Adjusted Base Rate Loans                      
Line Of Credit Facility [Line Items]                      
Applicable margin           1.50%          
Revolving Credit Facility | Minimum | SOFR Rate Loans and Letter of Credit Fees                      
Line Of Credit Facility [Line Items]                      
Applicable margin           2.50%          
Revolving Credit Facility | Maximum                      
Line Of Credit Facility [Line Items]                      
Commitment fee percentage           0.50%          
Revolving Credit Facility | Maximum | Adjusted Base Rate Loans                      
Line Of Credit Facility [Line Items]                      
Applicable margin           2.50%          
Revolving Credit Facility | Maximum | SOFR Rate Loans and Letter of Credit Fees                      
Line Of Credit Facility [Line Items]                      
Applicable margin           3.50%          
2028 Senior Notes                      
Line Of Credit Facility [Line Items]                      
Outstanding borrowings           $ 600,000,000 600,000,000        
Interest expense           2,000,000 474,000 $ 0      
Aggregate principal amount   $ 600,000,000.0                  
Annual rate   7.875%                  
Redemption premium   3.00%                  
Percentage of aggregate principal redeemable   35.00%                  
Redemption option by issuers, minimum aggregate principal outstanding after redemption, percentage   65.00%                  
Redemption option by issuers, redemption period   180 days                  
Percentage of aggregate principal redeemable in case of change of control   101.00%                  
Unamortized debt issuance costs           9,600,000 $ 11,700,000        
2028 Senior Notes | 2025                      
Line Of Credit Facility [Line Items]                      
Percentage of aggregate principal redeemable   103.938%                  
Redemption price   107.875%                  
2028 Senior Notes | 2026                      
Line Of Credit Facility [Line Items]                      
Percentage of aggregate principal redeemable   101.969%                  
Redemption price   100.00%                  
2028 Senior Notes | Minimum                      
Line Of Credit Facility [Line Items]                      
Percentage of aggregate principal redeemable   25.00%                  
2026 Senior Notes                      
Line Of Credit Facility [Line Items]                      
Weighted average interest rate             10.58% 8.62%      
Interest expense           0 $ 2,200,000 $ 342,000      
Aggregate principal amount         450,000,000            
Proceeds from notes         $ 425,000,000            
Percentage of par         99.00%            
Loss on extinguishment of debt   $ 20,100,000                  
Bridge Loan Facility | 364-Day Bridge Loan Agreement                      
Line Of Credit Facility [Line Items]                      
Interest expense           $ 0 $ 0 $ 3,400,000      
Aggregate principal amount                     $ 425,000,000