SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenues from contracts with customers	$	854,094	$	520,721	$	2,491,917	$	1,299,744
Realized loss on derivatives	(56,263)		(57,419)		(139,865)		(125,943)
Unrealized gain (loss) on derivatives	43,097		9,049		(1,502)		(77,178)
Total revenues	$	840,928	$	472,351	$	2,350,550	$	1,096,623

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Oil revenues	$	522,266	$	325,560	$	1,632,621	$	853,953
Natural gas revenues	229,178		135,905		638,107		335,819
Third-party midstream services revenues	24,707		20,486		63,899		55,774
Sales of purchased natural gas	77,943		38,770		157,290		54,198
Total revenues from contracts with customers	$	854,094	$	520,721	$	2,491,917	$	1,299,744

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, 2022 and 2021 (in thousands).

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Weighted average common shares outstanding
Basic	118,136	117,008	118,063	116,872
Dilutive effect of options and restricted stock units	1,714	2,189	1,804	1,916
Diluted weighted average common shares outstanding	119,850	119,197	119,867	118,788