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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Subsequent Events Subsequent Events. We have evaluated subsequent events requiring potential accrual or disclosure in our condensed consolidated financial statements.
Through July 31, 2023, the Company entered into additional derivative contracts. The following tables summarize the weighted-average prices as well as future production volumes for our future derivative contracts entered into after June 30, 2023:
Oil Derivative Contracts
(NYMEX WTI Settlements)		Total Volumes
(Bbls)		Weighted-Average PriceWeighted-Average Collar Floor Price Weighted-Average Collar Call Price
Swap Contracts
2024 Contracts
1Q24273,000 $75.11 
2Q24273,000 $75.11 
3Q24276,000 $75.11 
4Q24276,000 $75.11 
2025 Contracts
1Q25270,000 $70.60 
2Q25273,000 $70.60 
3Q25276,000 $70.60 
4Q25276,000 $70.60 
Collar Contracts
2023 Contracts
4Q2392,000 $70.00 $80.40 
2024 Contracts
1Q2491,000 $65.00 $79.10 
2Q2491,000 $65.00 $79.10 
3Q2492,000 $65.00 $79.10 
4Q2492,000 $65.00 $79.10 
2025 Contracts
2Q25136,500 $61.33 $73.97 
2026 Contracts
1Q2690,000 $64.00 $71.50 
2Q2691,000 $64.00 $71.50 
3Q2692,000 $64.00 $71.50 
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)		Total Volumes
(MMBtu)		Weighted-Average PriceWeighted-Average Collar Floor Price Weighted-Average Collar Call Price
Swap Contracts
2025 Contracts
3Q25920,000 $3.75 
4Q25920,000 $4.16 
Collar Contracts
2024 Contracts
1Q241,820,000 $3.25 $4.29 
2Q241,820,000 $3.00 $3.31 
3Q24920,000 $3.00 $3.65 
4Q24920,000 $3.25 $4.40 
2025 Contracts
2Q254,004,000 $3.25 $3.97 
3Q25920,000 $3.25 $3.99 
4Q25920,000 $3.75 $4.65 

Natural Gas Basis Derivative Swaps
(East Texas Houston Ship Channel vs. NYMEX Settlements)		Total Volumes
(MMBtu)		Weighted-Average Price
2024 Contracts
1Q24910,000 $0.075 
2Q24910,000 $(0.261)
3Q24920,000 $(0.234)
4Q24920,000 $(0.276)
2025 Contracts
1Q25900,000 $0.023 
2Q25910,000 $(0.315)
3Q25920,000 $(0.240)
4Q25920,000 $(0.274)

There were no other material subsequent events requiring additional disclosure in these condensed consolidated financial statements.
Property and Equipment
The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):
June 30, 2023December 31, 2022
Property and Equipment  
Proved oil and gas properties$2,724,110 $2,506,853 
Unproved oil and gas properties26,344 16,272 
Furniture, fixtures and other equipment6,240 6,098 
Less – Accumulated depreciation, depletion, amortization & impairment(1,097,935)(1,004,044)
Property and Equipment, Net$1,658,759 $1,525,179 
Disaggregation of Revenue
The following table provides information regarding our oil and gas sales, by product, reported on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2023 and 2022 and the six months ended June 30, 2023 and 2022 (in thousands):
Three Months Ended June 30, 2023Three Months Ended June 30, 2022Six Months Ended June 30, 2023Six Months Ended June 30, 2022
Oil, natural gas and NGLs sales:
Oil$80,151 $44,014 $154,807 $83,755 
Natural gas33,805 123,296 86,727 200,668 
NGLs12,443 15,295 24,820 27,838 
Total$126,400 $182,605 $266,354 $312,261 
Accounts Payable and Accrued Liabilities The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):
 June 30, 2023December 31, 2022
Trade accounts payable$32,210 $23,660 
Accrued operating expenses10,565 10,572 
Accrued compensation costs2,328 4,814 
Asset retirement obligations – current portion1,551 1,284 
Accrued non-income based taxes8,957 4,849 
Accrued corporate and legal fees260 388 
WTI contingency payouts - current portion975 1,600 
Payable for settled derivatives1,016 6,026 
Other payables2,281 7,007 
Total accounts payable and accrued liabilities$60,143 $60,200