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 Operations (Details)

v3.23.1
Change in Accounting Principle - Schedule of Effects of the Change to the Successful Efforts Method in the Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Expenses:    
Exploration $ 2,232 $ 1,885 [1]
Depreciation, depletion and amortization 125,965 113,643 [1]
General and administrative 27,798 27,057 [1]
Income From Operations 184,190 396,812 [1]
Other Expenses:    
Interest expense 46,306 47,096 [1]
Income (Loss) Before Income Taxes 169,943 (7,802) [1]
Income tax benefit (expense) 50,695 87 [1]
Net Income (Loss) $ 220,638 $ (7,715) [1],[2]
Net Income Per Common Share:    
Basic (in dollars per share) $ 3.58 $ (0.13) [1]
Diluted (in dollars per share) $ 3.57 $ (0.13) [1]
Under Full Cost    
Operating Expenses:    
Exploration $ 0 $ 0
Depreciation, depletion and amortization 122,900 102,979
General and administrative 17,140 17,121
Income From Operations 200,145 419,297
Other Expenses:    
Interest expense 19,153 21,558
Income (Loss) Before Income Taxes 213,050 40,221
Income tax benefit (expense) 75,320 (484)
Net Income (Loss) $ 288,370 $ 39,737
Net Income Per Common Share:    
Basic (in dollars per share) $ 4.68 $ 0.65
Diluted (in dollars per share) $ 4.66 $ 0.64
Changes    
Operating Expenses:    
Exploration $ 2,232 $ 1,885
Depreciation, depletion and amortization 3,065 10,664
General and administrative 10,658 9,936
Income From Operations (15,955) (22,485)
Other Expenses:    
Interest expense 27,153 25,538
Income (Loss) Before Income Taxes (43,107) (48,023)
Income tax benefit (expense) (24,625) 571
Net Income (Loss) $ (67,732) $ (47,452)
[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