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Commitment and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of contractual obligation, five years [Table Text Block] The following table presents the annual minimum payments related to these agreements for the next five years, and the total minimum payments thereafter as of December 31, 2024:
For the Years Ending December 31,
20252026202720282029
Thereafter
Total
(in thousands)
Delivery commitments (1) (2)
$48,002 $28,679 $25,814 $20,879 $— $— $123,374 
Drilling rig contracts (3)
34,729 — — — — — 34,729 
Office space leases (4)
4,926 3,785 3,272 3,361 2,571 9,321 27,236 
Electrical power purchase contracts
13,268 13,945 15,735 16,683 2,209 — 61,840 
Compression service contracts
11,916 9,677 7,967 3,296 — — 32,856 
Railcar agreements
10,080 7,993 7,775 2,938 1,469 — 30,255 
Sand purchase agreement (5)
16,800 4,200 — — — — 21,000 
Other (6)
15,159 13,197 7,425 1,293 — — 37,074 
Total
$154,880 $81,476 $67,988 $48,450 $6,249 $9,321 $368,364 
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Note: The Company does not expect to incur material penalties or shortfalls with regard to its commitments.
(1)    The Company has transportation throughput, terminal services, transloading, and delivery commitments with various third-parties that require delivery of a minimum amount of oil and produced water. As of December 31, 2024, the Company had commitments to deliver a minimum of 46 MMBbl of oil through December of 2028, and 3 MMBbl of produced water through June of 2027. Certain of these oil delivery commitments may be fulfilled with the same single barrel of oil. The Company would be required to make periodic deficiency payments for any shortfalls in delivering the minimum volume commitments under certain agreements. Additionally, one of the contracts does not have a minimum volume commitment associated with it, however, as of December 31, 2024, the Company would owe a cancellation fee of $3.4 million if the agreement was terminated.
(2)    The Company expects to fulfill the delivery commitments from a combination of production from existing productive wells, future development of net proved undeveloped reserves, and future development of resources not yet characterized as proved reserves. Under certain of the Company’s commitments, if the Company is unable to deliver the minimum quantity from its production, it may deliver production acquired from third-parties to satisfy its minimum volume commitments.
(3)    As of December 31, 2024, the Company’s drilling rig commitments had contract terms extending through the fourth quarter of 2025. If all of these contracts were terminated as of December 31, 2024, the Company would avoid a portion of the contractual service commitments; however, the Company would be required to pay $24.0 million in early termination fees. No material expenses related to early termination or standby fees were incurred by the Company during the year ended December 31, 2024.
(4)    The Company leases office space under various operating leases, including maintenance, with certain terms extending into 2033. Rent expense was $2.5 million for each of the years ended December 31, 2024, and 2023, and was $3.5 million for the year ended December 31, 2022.
(5)    If the Company terminated the agreement as of December 31, 2024, the Company would avoid a portion of the contractual purchase commitment; however, the Company would be required to pay an $8.0 million penalty.
(6)    Primarily consists of IT contracts, water purchase agreements, and vehicle leases.