Derivatives (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gain (Loss) on Derivatives

The following table summarizes components of the Company's gain (loss) on derivatives, net by type of derivative instrument for the periods presented:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2024		2023		2024		2023
Commodity	$	9,425	$	(16,190)	$	(146,410)	$	1,392
Contingent consideration	(1,767)		(1,854)		1,921		1,054
Gain (loss) on derivatives, net	$	7,658	$	(18,044)	$	(144,489)	$	2,446

Schedule of Open Positions and Derivatives in Place

The following table summarizes open commodity derivative positions as of June 30, 2024, for commodity derivatives that were entered into through June 30, 2024, for the settlement periods presented:

	Remaining Year 2024		Year 2025		Year 2026
Oil:
WTI NYMEX - Swaps:
Volume (Bbl)	10,279,500		11,362,000		—
Weighted-average price ($/Bbl)	$	76.88	$	75.13	$	—
WTI NYMEX - Three-way Collars:
Volume (Bbl)	100,400		—		—
Weighted-average sold put price ($/Bbl)	$	50.00	$	—	$	—
Weighted-average floor price ($/Bbl)	$	66.46	$	—	$	—
Weighted-average ceiling price ($/Bbl)	$	87.06	$	—	$	—
Argus WTI Midland to Argus WTI Formula Basis - Basis Swaps:
Volume (Bbl)	135,900		—		—
Weighted-average differential ($/Bbl)	$	0.11	$	—	$	—
NGL:
Non-TET Propane - Swaps:
Volume (Bbl)	124,000		—		—
Weighted-average price ($/Bbl)	$	34.23	$	—	$	—
Non-TET Normal Butane - Swaps:
Volume (Bbl)	27,457		—		—
Weighted-average price ($/Bbl)	$	39.78	$	—	$	—
Non-TET Isobutane - Swaps:
Volume (Bbl)	88,571		—		—
Weighted-average price ($/Bbl)	$	42.26	$	—	$	—
Non-TET Pentane - Swaps:
Volume (Bbl)	85,619		—		—
Weighted-average price ($/Bbl)	$	65.15	$	—	$	—
Natural gas:
Henry Hub NYMEX - Swaps:
Volume (MMBtu)	13,120,850		—		—
Weighted-average price ($/MMBtu)	$	3.47	$	—	$	—
Waha Inside FERC - Swaps:
Volume (MMBtu)	—		15,330,000		15,330,000
Weighted-average price ($/MMBtu)	$	—	$	2.61	$	2.76
Henry Hub NYMEX - Collars:
Volume (MMBtu)	318,831		—		—
Weighted-average floor price ($/MMBtu)	$	3.42	$	—	$	—
Weighted-average ceiling price ($/MMBtu)	$	6.17	$	—	$	—
Waha Inside FERC to Henry Hub NYMEX - Basis Swaps:
Volume (MMBtu)	13,439,681		—		—
Weighted-average differential ($/MMBtu)	$	(0.74)	$	—	$	—