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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Subsequent Events Subsequent Events. We have evaluated subsequent events requiring potential accrual or disclosure in our condensed consolidated financial statements.
Through July 31, 2022, the Company entered into additional derivative contracts. The following tables summarize the weighted-average prices as well as future production volumes for our future derivative contracts entered into after June 30, 2022:
Oil Derivative Contracts
(New York Mercantile Exchange (“NYMEX”) West Texas Intermediate (“WTI”) Settlements)		Total Volumes
(Bbls)		Weighted-Average PriceWeighted-Average Collar Floor PriceWeighted-Average Collar Call Price
Swap Contracts
2023 Contracts
1Q2390,000 $91.94 
2Q2391,000 $88.82 
3Q2392,000 $86.44 
4Q2392,000 $84.40 
2024 Contracts
1Q2445,500 $78.50 
2Q2445,500 $78.50 
3Q24114,000 $77.84 
4Q24102,000 $77.09 
Collar Contracts
2022 Contracts
3Q2230,500 $98.00 $107.10 
4Q2246,000 $90.00 $103.80 
Oil Basis Swaps
(Argus Cushing (WTI) and Magellan East Houston)		Total Volumes (Bbls)Weighted-Average Price
2022 Contracts
3Q2230,500 $3.96 
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)		Total Volumes
(MMBtu)		Weighted-Average PriceWeighted-Average Collar Floor PriceWeighted-Average Collar Call Price
Swap Contracts
2023 Contracts
2Q231,820,000 $4.62 
3Q231,840,000 $4.67 
2024 Contracts
1Q24145,000 $5.34 
2Q24455,000 $4.31 
Collar Contracts
2022 Contracts
3Q22340,000 $6.00 $7.36 
4Q221,840,000 $6.00 $7.60 
2023 Contracts
1Q231,800,000 $6.00 $7.76 
4Q231,840,000 $4.75 $5.25 
Natural Gas Basis Derivative Swaps
(East Texas Houston Ship Channel vs. NYMEX Settlements)		Total Volumes
(MMBtu)		Weighted-Average Price
2023 Contracts
1Q23900,000 $0.007 
2Q23910,000 $(0.186)
3Q23920,000 $(0.152)
4Q23920,000 $(0.148)
2024 Contracts
1Q241,820,000 $0.144 
2Q241,820,000 $(0.263)
3Q241,840,000 $(0.221)
4Q241,840,000 $(0.202)
NGL Swaps (Mont Belvieu)Total Volumes
(Bbls)		Weighted-Average Price
2023 Contracts
1Q2345,500 $32.92 
2Q2345,500 $32.92 
3Q2346,000 $32.92 
4Q2346,000 $32.92 

There were no other material subsequent events requiring additional disclosure in these condensed consolidated financial statements.
Property and Equipment
The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):
June 30, 2022December 31, 2021
Property and Equipment  
Proved oil and gas properties$2,173,225 $1,588,978 
Unproved oil and gas properties21,412 17,090 
Furniture, fixtures and other equipment5,966 5,885 
Less – Accumulated depreciation, depletion, amortization & impairment(917,619)(869,985)
Property and Equipment, Net$1,282,984 $741,968 
Disaggregation of Revenue
The following table provides information regarding our oil and gas sales, by product, reported on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2022 and 2021 and the six months ended June 30, 2022 and 2021 (in thousands):
Three Months Ended June 30, 2022Three Months Ended June 30, 2021Six Months Ended June 30, 2022Six Months Ended June 30, 2021
Oil, natural gas and NGLs sales:
Oil$44,014 $15,890 $83,755 $33,356 
Natural gas123,296 46,791 200,668 109,705 
NGLs15,295 7,180 27,838 13,541 
Total$182,605 $69,861 $312,261 $156,602 
Accounts Payable and Accrued Liabilities The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):
 June 30, 2022December 31, 2021
Trade accounts payable$9,948 $9,688 
Accrued operating expenses12,319 4,192 
Accrued compensation costs2,774 7,029 
Asset retirement obligations – current portion528 524 
Accrued non-income based taxes12,687 3,314 
Accrued corporate and legal fees5,276 1,972 
WTI contingency payouts - current portion6,793 — 
Payable for settled derivatives26,417 6,371 
Other payables2,036 1,944 
Total accounts payable and accrued liabilities$78,778 $35,034