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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 464,518,000 $ 98,918,000 $ (310,557,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain (loss) on extinguishment of debt (2,157,000) 8,860,000 0
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
Derivative contracts:      
Net losses (gains) 162,672,000 136,999,000 (88,422,000)
Cash settlements and premiums (paid) received, net (183,378,000) (130,475,000) 78,087,000
Deferred income tax expense (benefit) 3,422,000 1,249,000 (1,424,000)
Non-cash interest expense 3,404,000 2,735,000 4,150,000
Share-based compensation 5,554,000 15,589,000 3,284,000
Other, net (361,000) 19,000 13,000
Changes in operating assets and liabilities:      
Accounts receivable, net (21,721,000) (38,676,000) 28,078,000
Accounts payable and accrued expenses 6,528,000 60,338,000 (24,244,000)
Other assets and liabilities (7,506,000) 1,000 778,000
Net cash provided by operating activities 675,430,000 289,025,000 222,265,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (481,486,000) (256,343,000) (168,565,000)
Acquisitions of oil and gas properties (137,532,000) 0 0
Cash acquired in Lonestar Acquisition 0 11,009,000 0
Proceeds from sales of assets, net 12,420,000 160,000 87,000
Net cash used in investing activities (606,598,000) (245,174,000) (168,478,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from credit facility borrowings 610,000,000 70,000,000 51,000,000
Repayments of credit facility borrowings (603,000,000) (176,400,000) (99,000,000)
Repayments of second lien term loan 0 (200,000,000) 0
Proceeds from 9.25% Senior Notes due 2026, net of discount 0 396,072,000 0
Repayments of acquired debt (8,559,000) (249,700,000) 0
Payments for Repurchase of Common Stock (75,203,000) 0 0
Proceeds from redeemable common units 0 151,160,000 0
Proceeds from redeemable preferred stock 0 2,000 0
Transaction costs paid on behalf of Noncontrolling interest 0 (5,543,000) 0
Issuance costs paid for Noncontrolling interest securities 0 (3,758,000) 0
Withholding taxes for share-based compensation (954,000) (656,000) (487,000)
Debt issuance costs paid (902,000) (14,367,000) (78,000)
Net cash used in financing activities (84,921,000) (33,190,000) (48,565,000)
Net increase (decrease) in cash and cash equivalents (16,089,000) 10,661,000 5,222,000
Cash and cash equivalents – beginning of period 23,681,000 13,020,000 7,798,000
Cash and cash equivalents – end of period 7,592,000 23,681,000 13,020,000
Cash paid for:      
Interest, net of amounts capitalized 46,071,000 15,609,000 27,333,000
Income tax refunds, net of payments 0 288,000 (2,471,000)
Non-cash investing and financing activities:      
Changes in property and equipment related to capital contributions 0 (38,561,000) 0
Changes in accrued liabilities related to capital expenditures 46,616,000 16,726,000 (18,671,000)
Change in property and equipment related to acquisitions 0 (480,563,000) 0
Equity and replacement awards issued as consideration in the Lonestar Acquisition 0 173,576,000 0
Payments of Distributions to Affiliates (3,382,000) 0 0
Payments of Dividends $ (2,921,000) $ 0 $ 0