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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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 October 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 September 30, 2023:
Oil Derivative Contracts
(NYMEX WTI Settlements)		Total Volumes
(Bbls)		Weighted-Average Price
Swap Contracts
2024 Contracts
1Q2491,000 $83.40 
2Q2491,000 $81.31 
3Q2492,000 $79.63 
4Q2492,000 $78.21 
2025 Contracts
1Q2590,000 $76.52 
2Q2591,000 $75.38 
3Q2592,000 $74.56 
4Q2592,000 $73.58 
2026 Contracts
1Q26157,500 $68.01 
2Q26136,500 $67.98 
3Q26110,400 $67.94 
4Q26156,150 $68.60 
Oil Basis Swaps
(Argus Cushing (WTI) and Magellan East Houston)		Total Volumes
(MMBtu)		Weighted-Average Price
2023 Contracts
4Q2361,000 $0.90 
2025 Contracts
1Q2590,000 $1.75 
2Q2591,000 $1.75 
3Q2592,000 $1.75 
4Q2592,000 $1.75 
Calendar Monthly Roll Differential Swaps
2023 Contracts
4Q2361,000 $2.40 
2025 Contracts
1Q2590,000 $0.50 
2Q2591,000 $0.50 
3Q2592,000 $0.50 
4Q2592,000 $0.50 
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)		Total Volumes
(MMBtu)		Weighted-Average Price
Swap Contracts
2024 Contracts
1Q241,820,000 $3.66 
2Q242,430,000 $3.31 
3Q242,760,000 $3.46 
4Q242,760,000 $3.75 
2025 Contracts
1Q252,700,000 $4.20 
2Q252,730,000 $3.75 
3Q252,760,000 $3.89 
4Q251,540,000 $4.11 
2026 Contracts
1Q26900,000 $4.56 
2Q26910,000 $3.53 
3Q26920,000 $3.73 
4Q26920,000 $4.19 

Natural Gas Basis Derivative Swaps
(East Texas Houston Ship Channel vs. NYMEX Settlements)		Total Volumes
(MMBtu)		Weighted-Average Price
2024 Contracts
1Q24910,000 $(0.21)
2Q24910,000 $(0.21)
3Q24920,000 $(0.21)
4Q24920,000 $(0.21)
2025 Contracts
1Q25900,000 $(0.23)
2Q25910,000 $(0.23)
3Q25920,000 $(0.23)
4Q25920,000 $(0.23)
NGL Swaps (Mont Belvieu)Total Volumes
(Bbls)		Weighted-Average Price
2024 Contracts
1Q2491,000 $24.25 
2Q2491,000 $24.25 
3Q2492,000 $24.25 
4Q2492,000 $24.25 

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):
September 30, 2023December 31, 2022
Property and Equipment  
Proved oil and gas properties$2,827,145 $2,506,853 
Unproved oil and gas properties27,821 16,272 
Furniture, fixtures and other equipment6,301 6,098 
Less – Accumulated depreciation, depletion, amortization & impairment(1,151,141)(1,004,044)
Property and Equipment, Net$1,710,126 $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 September 30, 2023 and 2022 and the nine months ended September 30, 2023 and 2022 (in thousands):
Three Months Ended September 30, 2023Three Months Ended September 30, 2022Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
Oil, natural gas and NGLs sales:
Oil$112,456 $71,811 $267,263 $155,566 
Natural gas46,075 150,958 132,802 351,626 
NGLs15,432 19,412 40,252 47,250 
Total$173,963 $242,181 $440,317 $554,442 
Accounts Payable and Accrued Liabilities The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):
 September 30, 2023December 31, 2022
Trade accounts payable$30,708 $23,660 
Accrued operating expenses11,266 10,572 
Accrued compensation costs3,267 4,814 
Asset retirement obligations – current portion1,578 1,284 
Accrued non-income based taxes13,303 4,849 
Accrued corporate and legal fees181 388 
WTI contingency payouts - current portion1,537 1,600 
Payable for settled derivatives3,549 6,026 
Other payables9,342 7,007 
Total accounts payable and accrued liabilities$74,731 $60,200