Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| REVENUES | ||||
| Total revenues | $ 318,981 | $ 336,725 | $ 669,282 | $ 656,142 |
| OPERATING EXPENSES | ||||
| Lease operating expenses | 43,590 | 44,350 | 90,665 | 90,500 |
| Gathering, transportation and processing | 16,489 | 8,455 | 31,442 | 16,992 |
| Taxes other than income | 18,802 | 19,844 | 38,907 | 37,742 |
| Exploration expenses | 363 | 402 | 711 | 427 |
| Asset retirement obligations accretion | 1,563 | 1,745 | 3,119 | 3,363 |
| Depreciation, depletion and amortization | 107,082 | 104,743 | 212,935 | 201,819 |
| General and administrative expenses | 23,278 | 22,835 | 47,867 | 46,390 |
| Total operating expenses | 211,167 | 202,374 | 425,646 | 397,233 |
| OPERATING INCOME | 107,814 | 134,351 | 243,636 | 258,909 |
| OTHER EXPENSE | ||||
| Interest expense, net | (5,604) | (3,516) | (10,856) | (5,828) |
| Other income (expense), net | (244) | 1,047 | 971 | (3,267) |
| Total other expense, net | (5,848) | (2,469) | (9,885) | (9,095) |
| INCOME BEFORE INCOME TAXES | 101,966 | 131,882 | 233,751 | 249,814 |
| Income tax expense | 20,938 | 26,769 | 46,075 | 47,104 |
| NET INCOME | 81,028 | 105,113 | 187,676 | 202,710 |
| LESS: Net income attributable to noncontrolling interest | 2,911 | 9,554 | 6,632 | 22,065 |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK | $ 78,117 | $ 95,559 | $ 181,044 | $ 180,645 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | ||||
| Basic (in shares) | 186,518 | 184,937 | 187,579 | 183,652 |
| Diluted (in shares) | 186,530 | 184,965 | 187,591 | 183,694 |
| Class A Common Stock | ||||
| NET INCOME PER SHARE OF CLASS A COMMON STOCK | ||||
| Basic (in dollars per share) | $ 0.41 | $ 0.51 | $ 0.95 | $ 0.97 |
| Diluted (in dollars per share) | $ 0.41 | $ 0.51 | $ 0.95 | $ 0.97 |
| Oil revenues | ||||
| REVENUES | ||||
| Total revenues | $ 226,345 | $ 275,331 | $ 471,879 | $ 534,514 |
| Natural gas revenues | ||||
| REVENUES | ||||
| Total revenues | 42,850 | 18,569 | 94,218 | 39,664 |
| Natural gas liquids revenues | ||||
| REVENUES | ||||
| Total revenues | $ 49,786 | $ 42,825 | $ 103,185 | $ 81,964 |
| X | ||||||||||
- Definition Gas Gathering, Transportation, Marketing and Processing Costs No definition available.
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| X | ||||||||||
- Definition Weighted Average Number of Shares Outstanding, Basic and Diluted [Abstract] No definition available.
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| X | ||||||||||
- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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