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)

v3.23.1
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
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 220,638 $ (7,715) [1],[2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 125,965 113,643 [1]
Amortization of non-cash debt related items, net 2,631 3,749 [1]
Deferred income tax benefit (51,977) 0 [1]
Non-cash expense related to share-based awards 1,881 6,043 [1]
Accounts payable and accrued liabilities (46,018) (13,558) [1]
Net cash provided by operating activities 247,913 247,821 [1]
Cash flows from investing activities:    
Capital expenditures (204,900) (168,270) [1]
Acquisition of oil and gas properties (5,991) (9,168) [1]
Net cash used in investing activities (209,909) (188,490) [1]
Net change in cash and cash equivalents (25) (5,732) [1]
Balance, beginning of period 3,395 9,882 [1]
Balance, end of period 3,370 4,150 [1]
Under Full Cost    
Cash flows from operating activities:    
Net income (loss) 288,370 39,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 122,900 102,979
Amortization of non-cash debt related items, net 1,088 1,716
Deferred income tax benefit (76,602)  
Non-cash expense related to share-based awards 757 4,166
Accounts payable and accrued liabilities   (12,987)
Net cash provided by operating activities 285,288 281,270
Cash flows from investing activities:    
Capital expenditures (240,043) (201,478)
Acquisition of oil and gas properties (8,223) (9,409)
Net cash used in investing activities (247,284) (221,939)
Net change in cash and cash equivalents (25) (5,732)
Balance, beginning of period 3,395 9,882
Balance, end of period 3,370 4,150
Changes    
Cash flows from operating activities:    
Net income (loss) (67,732) (47,452)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,065 10,664
Amortization of non-cash debt related items, net 1,543 2,033
Deferred income tax benefit 24,625  
Non-cash expense related to share-based awards 1,124 1,877
Accounts payable and accrued liabilities   (571)
Net cash provided by operating activities (37,375) (33,449)
Cash flows from investing activities:    
Capital expenditures 35,143 33,208
Acquisition of oil and gas properties 2,232 241
Net cash used in investing activities 37,375 33,449
Net change in cash and cash equivalents 0 0
Balance, beginning of period 0 0
Balance, end of period $ 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.