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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table summarizes RSU Equity Award activity for the year ended December 31, 2022:
RSU Equity Awards (In thousands)Weighted Average Grant-Date Fair Value per Share
Unvested at the beginning of the year968 $34.04 
Granted396 $57.85 
Vested(376)$35.32 
Forfeited(188)$35.95 
Unvested at the end of the year800 $44.79 
Schedule of Shares that Vested and Did Not Vest
The following table summarizes the shares that vested and did not vest as a result of the Company’s performance as compared to its peers.
Years Ended December 31,
Performance-based Equity Awards202220212020
Vesting Multiplier18 %50 %
50% - 100%
Target86,45528,35621,920
Vested at end of performance period15,55914,17711,372
Did not vest at end of performance period70,89614,17910,548
Schedule of Fair Value Inputs The following table
summarizes the assumptions used and the resulting grant date fair value per performance-based RSU Equity Award granted during the year ended December 31, 2020:
Performance-based AwardsJune 29, 2020January 31, 2020
Expected term (in years)2.52.9
Expected volatility113.2 %54.8 %
Risk-free interest rate0.2 %1.3 %
Dividend yield— %— %
Schedule of Share-based Compensation Expense The following table presents share-based compensation expense (benefit), net for each respective period:
Years Ended December 31,
202220212020
(In thousands)
RSU Equity Awards$15,535 $13,230 $13,030 
Cash-Settled Awards(7,493)12,627 (4,115)
8,042 25,857 8,915 
Less: amounts capitalized to oil and gas properties(5,535)(12,934)(6,252)
Total share-based compensation expense, net$2,507 $12,923 $2,663