SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022 (in thousands).

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Revenues from contracts with customers	$	649,890	$	974,663	$	1,213,564	$	1,637,823
Realized (loss) gain on derivatives	(3,148)		(61,163)		521		(83,602)
Unrealized (loss) gain on derivatives	(8,659)		30,430		(15,726)		(44,599)
Total revenues	$	638,083	$	943,930	$	1,198,359	$	1,509,622

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Oil revenues	$	510,364	$	650,233	$	912,141	$	1,110,355
Natural gas revenues	77,553		242,536		178,685		408,929
Third-party midstream services revenues	30,075		21,886		56,586		39,192
Sales of purchased natural gas	31,898		60,008		66,152		79,347
Total revenues from contracts with customers	$	649,890	$	974,663	$	1,213,564	$	1,637,823

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, 2023 and 2022 (in thousands).

	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Weighted average common shares outstanding
Basic	119,183	118,103	119,109	118,027
Dilutive effect of options and restricted stock units	659	1,800	747	1,830
Diluted weighted average common shares outstanding	119,842	119,903	119,856	119,857