SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

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 six months ended June 30, 2022 and 2021 (in thousands).

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenues from contracts with customers	$	974,663	$	442,842	$	1,637,823	$	779,023
Realized loss on derivatives	(61,163)		(42,611)		(83,602)		(68,524)
Unrealized gain (loss) on derivatives	30,430		(42,804)		(44,599)		(86,227)
Total revenues	$	943,930	$	357,427	$	1,509,622	$	624,272

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Oil revenues	$	650,233	$	315,114	$	1,110,355	$	528,393
Natural gas revenues	242,536		96,960		408,929		199,914
Third-party midstream services revenues	21,886		19,850		39,192		35,288
Sales of purchased natural gas	60,008		10,918		79,347		15,428
Total revenues from contracts with customers	$	974,663	$	442,842	$	1,637,823	$	779,023

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 six months ended June 30, 2022 and 2021 (in thousands).

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Weighted average common shares outstanding
Basic	118,103	116,801	118,027	116,804
Dilutive effect of options and restricted stock units	1,800	2,192	1,830	1,813
Diluted weighted average common shares outstanding	119,903	118,993	119,857	118,617