Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth the Company’s preliminary allocation of the total estimated consideration of $903.2 million to the assets acquired and liabilities assumed as of the acquisition date.

	Preliminary Purchase Price Allocation
	(In thousands)
Assets:
Other current assets	$10,213
Evaluated oil and natural gas properties	677,372
Unevaluated properties	275,783
Total assets acquired	$963,368
Liabilities:
Suspense payable	$16,447
Other current liabilities	32,350
Asset retirement obligation	1,898
Other long-term liabilities	9,425
Total liabilities assumed	$60,120
Total consideration	$903,248

Unaudited Summary Pro Forma Financial Information

The pro forma consolidated statements of operations data has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the Primexx Acquisition taken place on January 1, 2020 and is not intended to be a projection of future results.

	Years Ended December 31,
	2021	2020
	(In thousands)
Revenues	$2,287,012	$1,228,735
Income (loss) from operations	1,145,995	(3,072,237)
Net income (loss)	477,192	(3,151,443)
Basic earnings per common share	$8.28	($64.65)
Diluted earnings per common share	$8.04	($64.65)

The pro forma consolidated statements of operations data has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the Merger taken place on January 1, 2018 and is not intended to be a projection of future results.

	Year Ended December 31, 2019
	(In thousands)
Revenues	$1,620,357
Income from operations	614,668
Net income	369,777
Basic earnings per common share	$0.89
Diluted earnings per common share	$0.89