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 Cash Flows (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 Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 401,201 $ 1,019,443 [1] $ 133,561 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 535,661 494,229 [1] 388,612 [1]
Impairment of oil and gas properties 406,898 2,201 [2] 52,295 [2]
Amortization of non-cash debt related items, net 10,790 12,332 [1] 20,033 [1]
Deferred income tax benefit (187,270) 6,308 [1] 0 [1]
Gain on sale of oil and gas properties (23,476) 0 0
Non-cash expense related to share-based awards 11,413 8,042 [1] 25,857 [1]
Net cash provided by operating activities 1,092,529 1,355,673 [1] 849,747 [1]
Cash flows from investing activities:      
Capital expenditures (968,982) (848,688) [1] (454,361) [1]
Acquisition of oil and gas properties (287,939) (26,706) [1] (493,462) [1]
Net cash used in investing activities (707,311) (853,183) [1] (752,004) [1]
Net change in cash and cash equivalents (70) (6,487) [1] (10,354) [1]
Balance, beginning of period [1] 3,395 9,882 20,236
Balance, end of period 3,325 3,395 [1] 9,882 [1]
Under Full Cost      
Cash flows from operating activities:      
Net income 886,643 1,209,816 365,151
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 545,144 466,517 356,556
Impairment of oil and gas properties 0 0 0
Amortization of non-cash debt related items, net 4,064 5,280 10,124
Deferred income tax benefit (140,422) 4,279 0
Gain on sale of oil and gas properties 0 (23,476)  
Non-cash expense related to share-based awards 4,019 2,507 12,923
Net cash provided by operating activities 1,236,760 1,501,517 974,143
Cash flows from investing activities:      
Capital expenditures (1,104,070) (992,985) (578,487)
Acquisition of oil and gas properties (297,082) (28,253) (493,732)
Net cash used in investing activities (851,542) (999,027) (876,400)
Net change in cash and cash equivalents (70) (6,487) (10,354)
Balance, beginning of period 3,395 9,882 20,236
Balance, end of period 3,325 3,395 9,882
Changes      
Cash flows from operating activities:      
Net income (485,442) (190,373) (231,590)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization (9,483) 27,712 32,056
Impairment of oil and gas properties 406,898 2,201 52,295
Amortization of non-cash debt related items, net 6,726 7,052 9,909
Deferred income tax benefit (46,848) 2,029 0
Non-cash expense related to share-based awards 7,394 5,535 12,934
Net cash provided by operating activities (144,231) (145,844) (124,396)
Cash flows from investing activities:      
Capital expenditures 135,088 144,297 124,126
Acquisition of oil and gas properties 9,143 1,547 270
Net cash used in investing activities 144,231 145,844 124,396
Net change in cash and cash equivalents 0 0 0
Balance, beginning of period 0 0 0
Balance, end of period $ 0 $ 0 $ 0
[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.