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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income including noncontrolling interest $ 486,485,000 $ 723,681,000 $ 1,138,719,000
Adjustments to reconcile net income to net cash provided by continuing operations activities      
Depreciation, depletion and amortization 865,753,000 861,602,000 776,817,000
Unsuccessful exploration well costs and previously suspended exploration costs 73,201,000 169,795,000 82,085,000
Deferred income tax expense 72,434,000 179,823,000 286,079,000
Impairment of assets 62,909,000 0 0
Accretion of asset retirement obligations 52,511,000 46,059,000 46,243,000
Long-term non-cash compensation 45,057,000 61,953,000 89,246,000
Amortization of undeveloped leases 9,587,000 10,925,000 13,300,000
Loss from discontinued operations 2,812,000 1,467,000 2,078,000
Mark-to-market loss (gain) on derivative instruments 1,707,000 0 (214,788,000)
Contingent consideration payment 0 (139,574,000) 0
Mark-to-market loss on contingent consideration 0 7,113,000 78,285,000
Gain from sale of assets 0 0 (17,899,000)
Other operating activities, net (18,349,000) (74,728,000) (34,193,000)
Net decrease (increase) in non-cash working capital 74,883,000 (99,361,000) (65,728,000)
Net cash provided by continuing operations activities 1,728,990,000 1,748,755,000 2,180,244,000
Investing Activities      
Property additions and dry hole costs (908,164,000) (1,066,015,000) (985,461,000)
Acquisition of oil and natural gas properties 0 (35,578,000) (128,538,000)
Proceeds from sales of property, plant and equipment 0 102,913,000 4,528,000
Net cash required by investing activities (908,164,000) (998,680,000) (1,109,471,000)
Financing Activities      
Retirement of debt (650,112,000) (498,175,000) (647,707,000)
Early redemption of debt cost (15,700,000) 0 (8,295,000)
Debt issuance 600,000,000 0 0
Debt issuance cost (10,145,000) 0 0
Borrowings on revolving credit facility 350,000,000 600,000,000 400,000,000
Repayment of revolving credit facility (350,000,000) (600,000,000) (400,000,000)
Issue costs of revolving credit facility (14,718,000) (20,000) (14,353,000)
Repurchase of common stock (301,350,000) (150,022,000) 0
Cash dividends paid (179,961,000) (170,978,000) (128,219,000)
Distributions to noncontrolling interest (118,580,000) (29,382,000) (183,038,000)
Withholding tax on stock-based incentive awards (25,310,000) (14,276,000) (17,631,000)
Finance lease obligation payments (665,000) (622,000) (636,000)
Contingent consideration payment 0 (60,243,000) (81,742,000)
Net cash required by financing activities (716,541,000) (923,718,000) (1,081,621,000)
Net cash required by discontinued operations 0 0 (14,500,000)
Effect of exchange rate changes on cash and cash equivalents 2,210,000 (1,246,000) (3,873,000)
Net increase (decrease) in cash and cash equivalents 106,495,000 (174,889,000) (29,221,000)
Cash and cash equivalents at beginning of period 317,074,000 491,963,000 521,184,000
Cash and cash equivalents at end of period $ 423,569,000 $ 317,074,000 $ 491,963,000