SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022 (in thousands).

	Three Months Ended March 31,
	2023		2022
Revenues from contracts with customers	$	563,674	$	663,160
Realized gain (loss) on derivatives	3,669		(22,439)
Unrealized loss on derivatives	(7,067)		(75,029)
Total revenues	$	560,276	$	565,692

	Three Months Ended March 31,
	2023		2022
Oil revenues	$	401,777	$	460,122
Natural gas revenues	101,132		166,393
Third-party midstream services revenues	26,511		17,306
Sales of purchased natural gas	34,254		19,339
Total revenues from contracts with customers	$	563,674	$	663,160

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 months ended March 31, 2023 and 2022 (in thousands).

	Three Months Ended March 31,
	2023	2022
Weighted average common shares outstanding
Basic	119,034	117,951
Dilutive effect of options and restricted stock units	668	1,863
Diluted weighted average common shares outstanding	119,702	119,814