SUPPLEMENTAL OIL AND GAS DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Oil and Gas Disclosures [Abstract]

Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Table Text Block]

The following table presents capitalized costs related to our oil and natural gas activities:

	As of December 31,
	2022		2021
	(In thousands)
Proved properties (1)	$	177,134	$	225,014
Unproved properties (wells in progress)	6,953		422
	184,087		225,436
Accumulated depreciation, depletion, amortization, and impairment	(76,077)		(64,966)
Net capitalized costs	$	108,010	$	160,470

1.Presented gross of any inter-segment eliminations which reduce the consolidated capitalized costs. See Note 22 - Industry Segment Information for detail on inter-segment eliminations.

Schedule Of The Oil And Natural Gas Property Costs Not Being Amortized [Table Text Block]

The following table presents costs incurred related to our oil and natural gas activities during the periods indicated:

	Year Ended December 31,
	2022		2021
	(In thousands)
Unproved properties acquired	$	3,963	$	522
Proved properties acquired	—		—
Exploration	—		—
Development	16,070		16,279
Asset retirement obligation	3,018		478
Total costs incurred	$	23,051	$	17,279

Results Of Operations For Producing Activities [Table Text Block]

The following table presents results of operations for producing activities before inter-segment eliminations during the periods indicated:

	Year Ended December 31,
	2022		2021
	(In thousands)
Revenues from producing activities	$	314,554	$	223,681
Production costs	(73,736)		(62,443)
Depreciation, depletion, amortization, and impairment	(11,192)		(24,261)
	229,626		136,977
Income tax (expense) benefit	45		168
Results of operations for producing activities (excluding corporate overhead and financing costs)	$	229,671	$	137,145

Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities [Table Text Block]

The table below presents estimated quantities of proved developed oil, NGLs, and natural gas reserves and changes in net quantities of proved developed and undeveloped oil, NGLs, and natural gas reserves:

	Oil (MBbls)	NGL (MBbls)	Gas (Mcf)	Total (MBoe)
2021
Proved developed and undeveloped reserves:
Beginning of year	8,267	15,208	144,391	47,541
Revision of previous estimates (1)	2,651	8,723	103,866	28,685
Extensions and discoveries	218	93	961	471
Infill reserves in existing proved fields	713	293	2,158	1,366
Purchases of minerals in place	—	—	—	1
Production	(1,615)	(2,624)	(29,012)	(9,074)
Sales (3)	(1,215)	(169)	(1,725)	(1,672)
Net proved reserves at December 31, 2021	9,019	21,525	220,640	67,318
Proved developed reserves, December 31, 2021	9,019	21,525	220,640	67,318
Proved undeveloped reserves, December 31, 2021	—	—	—	—
2022
Proved developed and undeveloped reserves:
Beginning of year	9,019	21,525	220,640	67,318
Revision of previous estimates (2)	73	1,884	29,295	6,840
Extensions and discoveries	189	133	2,551	747
Infill reserves in existing proved fields	54	18	1,773	368
Purchases of minerals in place	—	—	—	—
Production	(1,281)	(2,148)	(24,211)	(7,464)
Sales (3)	(373)	(1,280)	(17,639)	(4,593)
Net proved reserves at December 31, 2022	7,681	20,132	212,409	63,215
Proved developed reserves, December 31, 2022	7,681	20,132	212,409	63,215
Proved undeveloped reserves, December 31, 2022	—	—	—	—

1.Revisions of previous estimates increased primarily due to changes in the unescalated 12-month average product prices which increased approximately 68% for oil, 136% for NGLs, and 82% for natural gas compared to the December 31, 2020 pricing.

2.Revisions of previous estimates increased primarily due to changes in the unescalated 12-month average product prices which increased approximately 41% for oil and 77% for natural gas compared to the December 31, 2021 pricing.

3.See Note 5 - Acquisitions And Divestitures for discussion of the assets divested during the years ended December 31, 2022 and 2021, respectively.

Standardized Measure Of Discounted Future Cash Flows Relating To Proved Reserves Disclosure [Table Text Block]

The standardized measure of discounted future net cash flows (SMOG) was calculated using 12-month average prices and year end costs adjusted for permanent differences that relate to existing proved oil, NGLs, and natural gas reserves. Future income tax expenses consider the Tax Act statutory tax rates.

The following table presents the components of the standardized measure of discounted future net cash flows:

	2022		2021
	(In thousands)
Future cash inflows	$	2,918,116	$	1,977,529
Future production costs	(1,142,754)		(835,430)
Future development costs	(1,724)		—
Future income tax expenses	(355,350)		(185,395)
Future net cash flows	1,418,288		956,704
10% annual discount for estimated timing of cash flows	(633,263)		(385,560)
Standardized measure of discounted future net cash flows relating to proved oil, NGLs, and natural gas reserves	$	785,025	$	571,144

Schedule Of Principal Sources Of Changes In Standardized Measure Of Discounted Future Net Cash Flows [Table Text Block]

The following table presents the principal sources of changes in the standardized measure of discounted future net cash flows:

	2022		2021
	(In thousands)
Sales and transfers of oil and natural gas produced, net of production costs	$	(240,818)	$	(161,238)
Net changes in prices and production costs	377,923		334,291
Revisions in quantity estimates and changes in production timing	109,772		320,774
Extensions, discoveries, and improved recovery, less related costs	34,121		45,019
Changes in estimated future development costs	(1,615)		—
Previously estimated cost incurred during the period	—		—
Purchases of minerals in place	—		—
Sales of minerals in place	(28,704)		(4,161)
Accretion of discount	65,826		19,306
Net change in income taxes	(84,421)		(87,078)
Changes in timing and other	(18,203)		(88,791)
Net change	213,881		378,123
Beginning of year	571,144		193,021
End of year	$	785,025	$	571,144