XML 23 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Oil and gas sales $ 652,358 $ 753,420 $ 407,200
Costs and Expenses:      
General and administrative, net 24,520 21,395 21,799
Depreciation, depletion, and amortization 219,116 133,982 68,629
Accretion of asset retirement obligation 985 534 306
Lease operating cost 87,368 55,329 27,206
Workovers 2,694 1,655 514
Transportation and gas processing 59,032 32,989 24,145
Severance and other taxes 38,701 41,761 19,307
Total Operating Expenses 432,416 287,645 161,906
Operating Income (Loss) 219,942 465,775 245,294
Net gain (loss) on commodity derivatives 241,309 (73,885) (123,018)
Interest expense, net (80,119) (41,948) (29,129)
Other income (expense), net 197 95 10
Income (Loss) Before Income Taxes 381,329 350,037 93,157
Provision (Benefit) for Income Taxes 83,613 9,600 6,398
Net Income (Loss) $ 297,716 $ 340,437 $ 86,759
Per Share Amounts-      
Earnings (Loss) Per Share, Basic $ 12.74 $ 17.24 $ 6.61
Earnings (Loss) Per Share, Diluted $ 12.63 $ 16.94 $ 6.42
Weighted Average Shares Outstanding - Basic 23,371 19,748 13,118
Weighted Average Shares Outstanding - Diluted 23,571 20,097 13,520