Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay Versus Performance

The following table sets forth the compensation for our Chief Executive Officer (PEO) and the average compensation for our other named executive officers

(Non-PEO),

both as reported in the Summary Compensation Table, on page 38, and with certain adju

stment

s to reflect the “compensation actually paid” to such individuals, as defined under SEC rules, for each of 2022, 2021 and 2020. The table also provides information on our cumulative TSR, the cumulative TSR of our peer group, Net Income and Return on Average Capital Employed over such years in accordance with SEC rules.



Pay Versus Performance
											Value of Initial Fixed $100 Investment Based On:


Year (a)	Summary Compensation Table Total for PEO (1) ($) (b)		Compensation Actually Paid to PEO (2) ($) (c)			Average Summary Compensation Table Total for Non-PEO Named Executive Officers (1) ($) (d)		Average Compensation Actually Paid to Non-PEO Named Executive Officers (2) ($) (e)			Total Shareholder Return (3) ($) (f)		Peer Group Total Shareholder Return (3) ($) (g)		Net Income (in Thousands) (4) ($) (h)			Return on Average Capital Employed (5) (%) (i)

2022		13,444,418		39,752,198			3,741,335		8,083,159			175.84		191.50		965,047			31.4	%

2021		11,381,012		26,071,102			3,111,741		8,330,184			104.46		120.82		(73,664	)		16.9	%

2020		13,180,178		(5,712,287	)		4,065,562		(1,804,274	)		47.21		64.58		(1,148,777	)		10.3	%

(1)

Compensation for our PEO, Roger W. Jenkins, reflects the amounts reported in the “Summary Compensation Table” for the respective years. Average compensation for

non-PEOs

includes the following named executive officers: (i) in 2022, Thomas J. Mireles, Eric M. Hambly, E. Ted Botner, Daniel R. Hanchera and David R. Looney, (ii) in 2021, David R. Looney, Eric M. Hambly, E. Ted Botner and Thomas J. Mireles and (iii) in 2020, David R. Looney, Eric M. Hambly, E. Ted Botner, Thomas J. Mireles, Michael K. McFadyen and Walter K. Compton.

(2)

Compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEOs in each of 2022, 2021 and 2020 reflects the respective amounts set forth in columns
(b) and (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules (Item 402(v) of Regulation S-K). The dollar amounts reflected in columns
(b) and (d) of the table above do not reflect the actual amount of compensation earned by or paid to the PEO and our non-PEOs during the applicable year. For information regarding the decisions made by our Compensation Committee in regards to the PEO’s and our non-PEOs’ compensation for fiscal year 2022, see “Compensation Discussion and Analysis” above.



	PEO 2022			PEO 2021			PEO 2020			Non-PEOs 2022			Non-PEOs 2021			Non-PEOs 2020

Summary Compensation Table Total		13,444,418			11,381,012			13,180,178			3,741,335			3,111,741			4,065,562

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year		(10,174,740	)		(7,549,063	)		(8,297,910	)		(2,642,889	)		(1,929,541	)		(1,702,683	)

Plus Fair Value for Awards Granted in the Covered Year		13,293,592			10,471,250			3,560,300			2,670,881			4,703,679			450,283

Change in Fair Value of Outstanding Unvested Awards from Prior Years		17,265,340			8,909,580			(13,700,600	)		3,126,077			1,770,789			(3,500,506	)

Change in Fair Value of Awards from Prior Years that Vested in the Covered Year		2,557,473			352,888			942,170			721,571			168,957			154,404

Less Fair Value of Awards Forfeited during the Covered Year		—			—			—			—			—			—

Plus Fair Value of Incremental Dividends or Earnings Paid on Stock Awards		2,690,261			2,170,966			1,132,350			432,224			461,715			138,868

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans		—			(477,905	)		(3,250,213	)		—			(28,560	)		(1,488,996	)

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans		675,854			812,374			721,438			33,960			71,404			78,794

Compensation Actually Paid		39,752,198			26,071,102			(5,712,287	)		8,083,159			8,330,184			(1,804,274	)

Fair values of equity awards set forth in the table above are computed in

accordance

with FASB ASC Topic 718 as of the end of the

respective

fiscal year, other than fair values of equity awards that vest in the covered year, which are valued as of the applicable vesting date.

The aggregate change in actuarial present value of accumulated benefit under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Service cost is calculated as the actuarial present value of benefits under all pension plans attributable to services rendered during the applica

ble fiscal ye

ar. Prior service cost is calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during

the cove

red fiscal year that are attributable by the benefit formula to services rendered in periods prior to the applicable amendment.

(3)

TSR is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2022, 2021 and 2020, respectively, calculated in accordance with Item 201(e) of Regulation

S-K.

The peer group for purposes of this table is the S&P Oil & Gas Exploration & Production Select Industry Index (XOP), which is the same peer group as for the Shareholder Return Performance Presentation of the Company’s Annual Reports on Form

10-K

for the year ended December 31, 2022.

(4)	Reflects “Net Income” in the Company’s Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2021 and 2020.

(5)

The following table sets forth an unranked list of the performance measures which we view as the “most important” measures for linking our named executive officers’ compensation actually paid to Company performance, as specifically listed below. For additional details on how these measures are utilized in our compensation program to link pay with performance, see “Compensation Discussion and Analysis” above.

Company Selected Measure Name

Return onAverageCapitalEmployed

Named Executive Officers, Footnote [Text Block]

(1)

Compensation for our PEO, Roger W. Jenkins, reflects the amounts reported in the “Summary Compensation Table” for the respective years. Average compensation for

non-PEOs

Peer Group Issuers, Footnote [Text Block]

(3)

S-K.

10-K

for the year ended December 31, 2022.

PEO Total Compensation Amount

$ 13,444,418

$ 11,381,012

$ 13,180,178

PEO Actually Paid Compensation Amount

$ 39,752,198

26,071,102

(5,712,287)

Adjustment To PEO Compensation, Footnote [Text Block]

(2)



	PEO 2022			PEO 2021			PEO 2020			Non-PEOs 2022			Non-PEOs 2021			Non-PEOs 2020

Summary Compensation Table Total		13,444,418			11,381,012			13,180,178			3,741,335			3,111,741			4,065,562

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year		(10,174,740	)		(7,549,063	)		(8,297,910	)		(2,642,889	)		(1,929,541	)		(1,702,683	)

Plus Fair Value for Awards Granted in the Covered Year		13,293,592			10,471,250			3,560,300			2,670,881			4,703,679			450,283

Change in Fair Value of Outstanding Unvested Awards from Prior Years		17,265,340			8,909,580			(13,700,600	)		3,126,077			1,770,789			(3,500,506	)

Change in Fair Value of Awards from Prior Years that Vested in the Covered Year		2,557,473			352,888			942,170			721,571			168,957			154,404

Less Fair Value of Awards Forfeited during the Covered Year		—			—			—			—			—			—

Plus Fair Value of Incremental Dividends or Earnings Paid on Stock Awards		2,690,261			2,170,966			1,132,350			432,224			461,715			138,868

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans		—			(477,905	)		(3,250,213	)		—			(28,560	)		(1,488,996	)

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans		675,854			812,374			721,438			33,960			71,404			78,794

Compensation Actually Paid		39,752,198			26,071,102			(5,712,287	)		8,083,159			8,330,184			(1,804,274	)

Non-PEO NEO Average Total Compensation Amount

$ 3,741,335

3,111,741

4,065,562

Non-PEO NEO Average Compensation Actually Paid Amount

$ 8,083,159

8,330,184

(1,804,274)

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

(2)



	PEO 2022			PEO 2021			PEO 2020			Non-PEOs 2022			Non-PEOs 2021			Non-PEOs 2020

Summary Compensation Table Total		13,444,418			11,381,012			13,180,178			3,741,335			3,111,741			4,065,562

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year		(10,174,740	)		(7,549,063	)		(8,297,910	)		(2,642,889	)		(1,929,541	)		(1,702,683	)

Plus Fair Value for Awards Granted in the Covered Year		13,293,592			10,471,250			3,560,300			2,670,881			4,703,679			450,283

Change in Fair Value of Outstanding Unvested Awards from Prior Years		17,265,340			8,909,580			(13,700,600	)		3,126,077			1,770,789			(3,500,506	)

Change in Fair Value of Awards from Prior Years that Vested in the Covered Year		2,557,473			352,888			942,170			721,571			168,957			154,404

Less Fair Value of Awards Forfeited during the Covered Year		—			—			—			—			—			—

Plus Fair Value of Incremental Dividends or Earnings Paid on Stock Awards		2,690,261			2,170,966			1,132,350			432,224			461,715			138,868

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans		—			(477,905	)		(3,250,213	)		—			(28,560	)		(1,488,996	)

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans		675,854			812,374			721,438			33,960			71,404			78,794

Compensation Actually Paid		39,752,198			26,071,102			(5,712,287	)		8,083,159			8,330,184			(1,804,274	)