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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (39,661) $ 95,334
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 56,233 46,953
Unrealized loss (gain) on derivative instruments 5,799 (23,942)
Equity-based compensation 30,545 4,911
Deferred income taxes 46,386 0
Amortization of debt issuance costs 486 341
Changes in operating assets and liabilities that provided (used) cash:    
Revenue receivable 5,907 (14,858)
Prepaid expenses and other current assets (882) (117)
Accounts payable 5,593 (449)
Accrued liabilities (101) 1,945
Other (2) 8
Net cash provided by Operating Activities 110,303 110,126
Cash Flows from Investing Activities    
Acquisition of oil and gas properties (21,817) (22,003)
Development of oil and gas properties (55,511) (39,653)
Purchase of property and equipment (129) (9)
Net cash used in Investing Activities (77,457) (61,665)
Cash Flows from Financing Activities    
Proceeds from revolving credit facility 32,000 16,000
Repayments of revolving credit facility (24,000) (28,000)
Repayments of Vitesse Oil revolving credit facility (5,000) 0
Dividends/distributions paid (43,479) (36,000)
Repurchases of common stock (248) 0
Debt issuance costs (379) (1,807)
Net cash used in Financing Activities (41,106) (49,807)
Net Increase (Decrease) in Cash (8,260) (1,346)
Cash—Beginning of period 10,007 5,356
Cash—End of period 1,747 4,010
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 3,120 2,738
Cash paid for income taxes 1,292 0
Supplemental Disclosure of Noncash Activity    
Oil and gas properties included in accounts payable and accrued liabilities 57,527 18,556
Asset retirement obligations capitalized to oil and gas properties 392 0
Issuance of common stock to acquire Vitesse Oil 30,628 0
Unit-based compensation liability transferred to predecessor redeemable management incentive units $ 0 $ 46