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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales, Other Revenues Oil and Gas Sales, Other Revenues
Gain (Loss) on Commodity Derivatives, Net $ (138,531) $ 153,656
Total Revenues 396,348 582,214
Operating Expenses    
Production Expenses 105,447 78,088
Production Taxes 51,210 34,918
General and Administrative Expenses 11,393 13,000
Depletion, Depreciation, Amortization, and Accretion 173,958 94,618
Other Expenses 2,019 1,001
Total Operating Expenses 344,027 221,625
Income From Operations 52,321 360,589
Other Income (Expense)    
Interest Expense, Net of Capitalization (37,925) (30,143)
Loss on Unsettled Interest Rate Derivatives, Net 0 (1,017)
Gain on Extinguishment of Debt, Net 0 659
Contingent Consideration Gain 0 6,176
Other Income (Expense) 56 4,619
Total Other Income (Expense) (37,869) (19,706)
Income Before Income Taxes 14,452 340,883
Income Tax Expense 2,846 692
Net Income $ 11,606 $ 340,191
Net Income Per Common Share – Basic (in dollars per share) $ 0.12 $ 4.01
Net Income Per Common Share - Diluted (in dollars per share) $ 0.11 $ 3.98
Weighted Average Common Shares Outstanding – Basic (in shares) 100,442,472 84,915,729
Weighted Average Common Shares Outstanding - Diluted (in shares) 101,636,132 85,407,197
Oil and Gas Sales    
Revenues    
Oil and Gas Sales $ 532,041 $ 426,234
Other Revenues    
Revenues    
Oil and Gas Sales $ 2,838 $ 2,324