SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Disaggregation of revenue

The following table summarizes the Company’s total revenues and revenues from contracts with customers on a disaggregated basis for the three and nine months ended September 30, 2021 and 2020 (in thousands).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues from contracts with customers	$	520,721	$	221,825	$	1,299,744	$	593,529
Lease bonus - mineral acreage	—		—		—		4,062
Realized (loss) gain on derivatives	(57,419)		(5,406)		(125,943)		49,571
Unrealized gain (loss) on derivatives	9,049		(13,033)		(77,178)		(9,271)
Total revenues	$	472,351	$	203,386	$	1,096,623	$	637,891

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Oil revenues	$	325,560	$	150,620	$	853,953	$	414,379
Natural gas revenues	135,905		38,484		335,819		91,406
Third-party midstream services revenues	20,486		19,363		55,774		49,861
Sales of purchased natural gas	38,770		13,358		54,198		37,883
Total revenues from contracts with customers	$	520,721	$	221,825	$	1,299,744	$	593,529

Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share

The following table sets forth the computation of diluted weighted average common shares outstanding for the three and nine months ended September 30, 2021 and 2020 (in thousands).

	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
Weighted average common shares outstanding
Basic	117,008	116,155	116,872	116,036
Dilutive effect of options and restricted stock units	2,189	—	1,916	—
Diluted weighted average common shares outstanding	119,197	116,155	118,788	116,036