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Summary of Signigicant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Subsequent Events
Subsequent Events. We have evaluated subsequent events requiring potential accrual or disclosure in our consolidated financial statements. There were no material subsequent events requiring additional disclosure in these Notes to Consolidated Financial Statements.
Property and Equipment The following is a detailed breakout of our “Property and Equipment” balances (in thousands):
December 31,
2023		December 31,
2022
Property and Equipment  
Proved oil and gas properties$3,562,268 $2,506,853 
Unproved oil and gas properties28,375 16,272 
Furniture, fixtures, and other equipment6,517 6,098 
Less – Accumulated depreciation, depletion, amortization & impairment(1,223,241)(1,004,044)
Property and Equipment, Net$2,373,919 $1,525,179 
Disaggregation of Revenue
The following table provides information regarding our oil and gas sales, by product, reported on the Consolidated Statements of Operations for years ended December 31, 2023, 2022 and 2021 (in thousands):
Year Ended December 31, 2023Year Ended December 31, 2022Year Ended December 31, 2021
Oil, natural gas and NGLs sales:
Oil$402,728 $239,247 $98,607 
Natural gas187,340 451,863 267,687 
NGLs62,291 62,310 40,906 
Total$652,358 $753,420 $407,200 
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities. The “Accounts payable and accrued liabilities” balances on the accompanying consolidated balance sheets are summarized below (in thousands):
 December 31,
2023		December 31,
2022
Trade accounts payable$32,225 $23,660 
Accrued operating expenses23,104 10,572 
Accrued compensation costs10,208 4,814 
Asset retirement obligations – current portion1,576 1,284 
Accrued non-income based taxes3,870 4,849 
WTI contingency liability - current portion14,282 1,600 
Accrued corporate and legal fees208 388 
Other payables(1)(2)
13,343 13,033 
Total accounts payable and accrued liabilities$98,816 $60,200 
(1) Included in Other Payables is $1.0 million and $6.0 million in payables for settled derivatives for the years ended December 31, 2023 and 2022, respectively.
(2) Included in Other Payables is $7.8 million in payables related to advances from joint interest owners in connection with our Chesapeake Transaction for the year ended December 31, 2023.
Schedule of Cash and Cash Equivalents
The following table is a reconciliation of the total cash and cash equivalents and restricted cash in the accompanying consolidated statements of cash flows and their corresponding balance sheet presentation (in thousands):
December 31,
2023		December 31,
2022
Cash and cash equivalents$969 $792 
Current restricted cash (1)
2,200 — 
Long-term restricted cash (2)
5,560 — 
Total cash, cash equivalents and restricted cash$8,729 $792 
Oil and Gas receipts greater than 10%
For the years ended December 31, 2023, 2022 and 2021, parties that accounted for 10% or more of our total oil and gas receipts were as follows:
Purchasers greater than 10%Year Ended December 31, 2023Year Ended December 31, 2022Year Ended December 31, 2021
Kinder Morgan15 %22 %26 %
Shell Trading11 %12 %12 %
Enterprise Products29 %**
Plains Marketing*11 %10 %
Trafigura US*14 %16 %
Twin Eagle**15 %