Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
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
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Expenses:      
Exploration $ 9,143 $ 9,703 [1] $ 6,470 [1]
Depreciation, depletion and amortization 535,661 494,229 [1] 388,612 [1]
Impairment of oil and gas properties 406,898 2,201 [1] 52,295 [1]
Gain on sale of oil and gas properties (23,476) 0 [1] 0 [1]
General and administrative 115,344 97,996 [1] 91,605 [1]
Income From Operations 363,878 1,600,313 [1] 906,400 [1]
Other Expenses:      
Interest expense 179,305 187,792 [1] 201,659 [1]
Income Before Income Taxes 211,393 1,033,265 133,741
Income tax benefit 189,808 (13,822) [1] (180) [1]
Net Income $ 401,201 $ 1,019,443 [2] $ 133,561 [2]
Net Income Per Common Share:      
Basic (in dollars per share) $ 6.20 $ 16.54 [1] $ 2.75 [1]
Diluted (in dollars per share) $ 6.19 $ 16.47 [1] $ 2.65 [1]
Under Full Cost      
Operating Expenses:      
Exploration $ 0 $ 0 $ 0
Depreciation, depletion and amortization 545,144 466,517 356,556
Impairment of oil and gas properties 0 0 0
Gain on sale of oil and gas properties 0    
General and administrative 77,464 57,393 50,483
Income From Operations 784,840 1,680,532 1,038,343
Other Expenses:      
Interest expense 67,977 79,667 102,012
Income Before Income Taxes 743,683 1,221,609 365,331
Income tax benefit 142,960 (11,793) (180)
Net Income $ 886,643 $ 1,209,816 $ 365,151
Net Income Per Common Share:      
Basic (in dollars per share) $ 13.71 $ 19.63 $ 7.51
Diluted (in dollars per share) $ 13.67 $ 19.54 $ 7.26
Changes      
Operating Expenses:      
Exploration $ 9,143 $ 9,703 $ 6,470
Depreciation, depletion and amortization (9,483) 27,712 32,056
Impairment of oil and gas properties 406,898 2,201 52,295
Gain on sale of oil and gas properties (23,476)    
General and administrative 37,880 40,603 41,122
Income From Operations (420,962) (80,219) (131,943)
Other Expenses:      
Interest expense 111,328 108,125 99,647
Income Before Income Taxes (532,290) (188,344) (231,590)
Income tax benefit 46,848 (2,029) 0
Net Income $ (485,442) $ (190,373) $ (231,590)
[1] Financial information for the prior periods 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 periods 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.