BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the disaggregation of the Company’s oil revenues and natural gas and NGL revenues by basin for the three months ended March 31, 2024 and 2023.

	Three Months Ended March 31, 2024								Three Months Ended March 31, 2023
(In thousands)	Williston		Permian		Appalachian		Total		Williston		Permian		Appalachian		Total
Oil Revenues	$	221,375	$	244,180	$	124	$	465,679	$	212,723	$	142,655	$	—	$	355,378
Natural Gas and NGL Revenues	25,043		29,370		11,949		66,362		32,423		23,104		15,329		70,856
Other	—		2,838		—		2,838		—		2,324		—		2,324
Total	$	246,418	$	276,388	$	12,073	$	534,879	$	245,146	$	168,083	$	15,329	$	428,558

Schedule of Reconciliation of Denominators Used to Calculate Basic and Diluted EPS

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three months ended March 31, 2024 and 2023 are as follows:

	Three Months Ended March 31,
(In thousands, except share and per share data)	2024		2023
Net Income	$	11,606	$	340,191
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic	100,442,472		84,915,729
Plus: Dilutive Effect of Restricted Stock, Convertible Notes and Common Stock Warrants	1,193,660		491,468
Weighted Average Common Shares Outstanding – Diluted	101,636,132		85,407,197
Net Income per Common Share:
Basic	$	0.12	$	4.01
Diluted	$	0.11	$	3.98
Shares Excluded from EPS Due to Anti-Dilutive Effect:
Restricted Stock	5,315		610

Schedule of Supplemental Cash Flow Information

The following reflects the Company’s supplemental cash flow information:

	Three Months Ended March 31,
(In thousands)	2024		2023
Supplemental Cash Items:
Cash Paid During the Period for Interest, Net of Amount Capitalized	$	35,981	$	28,878
Cash Paid (Refunded) During the Period for Income Taxes	(25)		—
Non-cash Investing Activities:
Capital Expenditures on Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities	211,287		217,065
Capitalized Asset Retirement Obligations	1,890		962
Compensation Capitalized on Oil and Gas Properties	22		111
Non-cash Financing Activities:
Issuance of Common Stock in Exchange for Warrants	23,338		13,328
Common Stock Dividends Declared, But Not Paid	40,418		29,021
Repurchases of Common Stock - Excise Tax	200		—