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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:    
Crude oil sales $ 223,794 $ 92,229
Operating costs and expenses:    
Crude oil and natural gas production 32,942 9,446
Production and ad valorem taxes 12,297 5,006
Exploration and abandonments 2,164 209
Depletion, depreciation and amortization 81,131 17,024
Accretion of discount 118 54
General and administrative 2,502 1,940
Stock-based compensation 4,054 3,976
Total operating costs and expenses 135,208 37,655
Income from operations 88,586 54,574
Interest and other income 30 250
Interest expense (26,972) (5,252)
Derivative gain (loss), net 3,120 (66,394)
Income (loss) before income taxes 64,764 (16,822)
Income tax expense (benefit) 14,507 (312)
Diluted net income (loss) $ 50,257 $ (16,510)
Earnings (loss) per share:    
Basic net income (loss) (in dollars per share) $ 0.41 $ (0.17)
Diluted net income (loss) (in dollars per share) $ 0.39 $ (0.17)
Weighted average shares outstanding:    
Basic (in shares) 111,055 95,841
Diluted (in shares) 117,765 95,841
Dividends declared per share (in dollars per share) $ 0.025 $ 0.025
Crude Oil Sales [Member]    
Operating revenues:    
Crude oil sales $ 215,696 $ 86,938
Natural Gas and NGL Sales [Member]    
Operating revenues:    
Crude oil sales $ 8,098 $ 5,291