SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022 (in thousands).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Revenues from contracts with customers	$	771,787	$	854,094	$	1,985,351	$	2,491,917
Realized loss on derivatives	(6,975)		(56,263)		(6,454)		(139,865)
Unrealized gain (loss) on derivatives	7,482		43,097		(8,244)		(1,502)
Total revenues	$	772,294	$	840,928	$	1,970,653	$	2,350,550

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Oil revenues	$	588,370	$	522,266	$	1,500,511	$	1,632,621
Natural gas revenues	113,157		229,178		291,842		638,107
Third-party midstream services revenues	29,931		24,707		86,517		63,899
Sales of purchased natural gas	40,329		77,943		106,481		157,290
Total revenues from contracts with customers	$	771,787	$	854,094	$	1,985,351	$	2,491,917

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, 2023 and 2022 (in thousands).

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Weighted average common shares outstanding
Basic	119,147	118,136	119,121	118,063
Dilutive effect of options and restricted stock units	934	1,714	924	1,804
Diluted weighted average common shares outstanding	120,081	119,850	120,045	119,867