Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2023

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 $458.5 million to the assets acquired and liabilities assumed as of the acquisition date.

	Preliminary Purchase Price Allocation
	(In thousands)
Assets:
Accounts receivable, net	$30,135
Proved properties, net	491,367
Unproved properties	52,590
Total assets acquired	$574,092
Liabilities:
Accounts payable and accrued liabilities	$42,585
Fair value of derivatives - current	20,660
Other current liabilities	11,471
Asset retirement obligations	2,323
Fair value of derivatives - long-term	27,979
Other long-term liabilities	10,619
Total liabilities assumed	$115,637
Total consideration	$458,455

Schedule of 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 Percussion Acquisition taken place on January 1, 2022 and is not intended to be a projection of future results.

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022*	2023	2022*
	(In thousands, except per share amounts)
Revenues	$619,298	$928,218	$1,879,442	$2,815,342
Income from operations	220,928	480,459	252,809	1,490,205
Net income	119,484	708,355	360,850	856,610
Basic earnings per common share	$1.76	$10.42	$5.65	$12.62
Diluted earnings per common share	$1.75	$10.40	$5.64	$12.56