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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2024
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, 2024 and 2023 (in thousands).
Three Months Ended
March 31,
20242023
Revenues from contracts with customers$785,343 $563,674 
Realized gain on derivatives275 3,669 
Unrealized gain (loss) on derivatives2,075 (7,067)
Total revenues$787,693 $560,276 
Three Months Ended
March 31,
20242023
Oil revenues$598,514 $401,777 
Natural gas revenues105,026 101,132 
Third-party midstream services revenues32,357 26,511 
Sales of purchased natural gas49,446 34,254 
Total revenues from contracts with customers$785,343 $563,674 
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, 2024 and 2023 (in thousands).
 Three Months Ended
March 31,
20242023
Weighted average common shares outstanding
Basic119,721 119,034 
Dilutive effect of options and restricted stock units532 668 
Diluted weighted average common shares outstanding 120,253 119,702