Quarterly report pursuant to Section 13 or 15(d)

Change in Accounting Principle - Schedule of Effects of the Change to the Successful Efforts Method in the Consolidated Statements of Cash Flows (Details)

v3.23.2
Change in Accounting Principle - Schedule of Effects of the Change to the Successful Efforts Method in the Consolidated Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:            
Net income (loss) $ (107,896) $ 220,638 $ 303,251 [1] $ (7,715) $ 112,742 $ 295,536 [1],[2]
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation, depletion and amortization         253,313 229,599 [2]
Impairment of oil and gas properties 406,898   0   406,898 0
Amortization of non-cash debt related items, net         5,245 7,121 [2]
Deferred income tax benefit         (204,841) 0 [2]
Non-cash expense related to share-based awards         5,569 2,686 [2]
Accounts payable and accrued liabilities         (68,710) (19,280) [2]
Net cash provided by operating activities         527,435 583,906 [2]
Cash flows from investing activities:            
Capital expenditures         498,597 344,881 [2]
Acquisition of oil and gas properties         14,450 15,314 [2]
Net cash used in investing activities         (548,572) (366,067) [2]
Net change in cash and cash equivalents         255 (3,782) [2]
Balance, beginning of period   3,395   9,882 [2] 3,395 9,882 [2]
Balance, end of period 3,650   6,100 [2]   3,650 6,100 [2]
Under Full Cost            
Cash flows from operating activities:            
Net income (loss) 265,876   348,009   554,246 387,746
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation, depletion and amortization         258,035 212,388
Impairment of oil and gas properties 0       0  
Amortization of non-cash debt related items, net         2,168 3,201
Deferred income tax benefit         (161,907)  
Non-cash expense related to share-based awards         2,124 956
Accounts payable and accrued liabilities           (18,940)
Net cash provided by operating activities         603,175 653,595
Cash flows from investing activities:            
Capital expenditures         570,223 413,939
Acquisition of oil and gas properties         18,564 15,945
Net cash used in investing activities         (624,312) (435,756)
Net change in cash and cash equivalents         255 (3,782)
Balance, beginning of period   3,395   9,882 3,395 9,882
Balance, end of period 3,650   6,100   3,650 6,100
Changes            
Cash flows from operating activities:            
Net income (loss) (373,772)   (44,758)   (441,504) (92,210)
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation, depletion and amortization         (4,722) 17,211
Impairment of oil and gas properties 406,898       406,898  
Amortization of non-cash debt related items, net         3,077 3,920
Deferred income tax benefit         (42,934)  
Non-cash expense related to share-based awards         3,445 1,730
Accounts payable and accrued liabilities           (340)
Net cash provided by operating activities         (75,740) (69,689)
Cash flows from investing activities:            
Capital expenditures         (71,626) (69,058)
Acquisition of oil and gas properties         (4,114) (631)
Net cash used in investing activities         75,740 69,689
Net change in cash and cash equivalents         0 0
Balance, beginning of period   $ 0   $ 0 0 0
Balance, end of period $ 0   $ 0   $ 0 $ 0
[1] Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.
[2] Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information