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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues and other      
Total revenues and other $ 1,145,189,000 $ 579,491,000 $ 273,268,000
Operating expenses      
Lease operating 85,792,000 45,402,000 37,463,000
Gathering, processing and transportation 36,698,000 23,647,000 22,050,000
Production and ad valorem taxes 61,377,000 31,041,000 16,619,000
General and administrative 40,972,000 66,529,000 33,789,000
Depreciation, depletion and amortization 244,455,000 131,657,000 140,673,000
Impairments of oil and gas properties 0 1,811,000 391,849,000
Total operating expenses 469,294,000 300,087,000 642,443,000
Operating income (loss) 675,895,000 279,404,000 (369,175,000)
Other income (expense)      
Interest expense, net of amounts capitalized (48,931,000) (33,161,000) (31,257,000)
Gain (loss) on extinguishment of debt 2,157,000 (8,860,000) 0
Derivatives gains (losses) (162,672,000) (136,999,000) 88,422,000
Other, net 2,255,000 94,000 (850,000)
Income (loss) before income taxes 468,704,000 100,478,000 (312,860,000)
Income tax (expense) benefit (4,186,000) (1,560,000) 2,303,000
Net income (loss) 464,518,000 98,918,000 (310,557,000)
Net income attributable to Noncontrolling interest (246,825,000) (58,689,000) 0
Net income (loss) attributable to Class A common shareholders $ 217,693,000 $ 40,229,000 $ (310,557,000)
Net income (loss) per share attributable to Class A common shareholders:      
Basic (in dollars per share) $ 10.77 $ 2.41 $ (20.46)
Diluted (in dollars per share) $ 10.53 $ 2.34 $ (20.46)
Weighted average shares outstanding – basic 20,205 16,695 15,176
Weighted average shares outstanding – diluted 20,826 17,165 15,176
Crude oil      
Revenues and other      
Revenue from contract with customer $ 1,003,255,000 $ 517,301,000 $ 251,741,000
Natural gas liquids      
Revenues and other      
Revenue from contract with customer 67,453,000 33,443,000 8,948,000
Natural gas      
Revenues and other      
Revenue from contract with customer 70,895,000 26,080,000 10,103,000
Other operating income, net      
Revenues and other      
Revenue from contract with customer $ 3,586,000 $ 2,667,000 $ 2,476,000