Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
[1] | Sep. 30, 2023 |
Sep. 30, 2022 |
[1] | |||||
| Operating Revenues: | ||||||||||
| Total operating revenues | $ 619,298 | $ 835,877 | $ 1,741,627 | $ 2,526,715 | ||||||
| Operating Expenses: | ||||||||||
| Lease operating | 73,525 | 76,121 | 225,415 | 216,389 | ||||||
| Production and ad valorem taxes | 30,592 | 43,290 | 88,019 | 125,841 | ||||||
| Gathering, transportation and processing | 27,255 | 27,575 | 80,570 | 71,617 | ||||||
| Exploration | 3,588 | 2,942 | 7,702 | 7,237 | ||||||
| Depreciation, depletion and amortization | 138,598 | 129,895 | 391,911 | 359,494 | ||||||
| Impairment of oil and gas properties | 0 | 0 | 406,898 | 0 | [2] | |||||
| Gain on sale of oil and gas properties | (20,570) | 0 | (20,570) | 0 | ||||||
| General and administrative | 29,339 | 24,253 | 86,905 | 71,485 | ||||||
| Merger, integration and transaction | 4,925 | 0 | 6,468 | 769 | ||||||
| Total operating expenses | 398,370 | 415,515 | 1,559,265 | 1,230,939 | ||||||
| Income From Operations | 220,928 | 420,362 | 182,362 | 1,295,776 | ||||||
| Other (Income) Expenses: | ||||||||||
| Interest expense | 43,149 | 46,929 | 136,694 | 141,020 | ||||||
| (Gain) loss on derivative contracts | 55,804 | (134,850) | 24,218 | 305,098 | ||||||
| (Gain) loss on extinguishment of debt | (1,238) | 0 | (1,238) | 42,417 | ||||||
| Other (income) expense | 3,220 | 2,861 | (3,140) | 3,130 | ||||||
| Total other (income) expense | 100,935 | (85,060) | 156,534 | 491,665 | ||||||
| Income Before Income Taxes | 119,993 | 505,422 | 25,828 | 804,111 | ||||||
| Income tax benefit (expense) | (509) | (3,383) | 206,398 | (6,536) | ||||||
| Net Income | $ 119,484 | $ 502,039 | $ 232,226 | $ 797,575 | [2] | |||||
| Net Income Per Common Share: | ||||||||||
| Basic (in dollars per share) | $ 1.76 | $ 8.14 | $ 3.64 | $ 12.94 | ||||||
| Diluted (in dollars per share) | $ 1.75 | $ 8.11 | $ 3.63 | $ 12.88 | ||||||
| Weighted Average Common Shares Outstanding: | ||||||||||
| Basic (in shares) | 67,931 | 61,703 | 63,827 | 61,624 | ||||||
| Diluted (in shares) | 68,083 | 61,870 | 64,016 | 61,927 | ||||||
| Oil | ||||||||||
| Operating Revenues: | ||||||||||
| Total operating revenues | $ 438,665 | $ 575,852 | $ 1,269,996 | $ 1,748,913 | ||||||
| Natural gas | ||||||||||
| Operating Revenues: | ||||||||||
| Total operating revenues | 25,045 | 81,018 | 63,054 | 189,907 | ||||||
| Natural gas liquids | ||||||||||
| Operating Revenues: | ||||||||||
| Total operating revenues | 46,489 | 67,548 | 130,488 | 210,696 | ||||||
| Sales of purchased oil and gas | ||||||||||
| Operating Revenues: | ||||||||||
| Total operating revenues | 109,099 | 111,459 | 278,089 | 377,199 | ||||||
| Operating Expenses: | ||||||||||
| Cost of purchased oil and gas | $ 111,118 | $ 111,439 | $ 285,947 | $ 378,107 | ||||||
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- Definition Oil and Gas, Gathering, Transportation, Marketing and Processing No definition available.
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| X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of proven and unproven oil and gas properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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