v3.25.2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the disaggregation of the Company’s oil revenues and natural gas and NGL revenues for the three and six months ended June 30, 2025 and 2024.


 Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2025202420252024
Oil Sales$402,672 $488,690 $862,354 $954,369 
Natural Gas and NGL Sales (1)
171,697 72,335 288,967 138,697 
Total$574,369 $561,025 $1,151,321 $1,093,066 
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(1)    Balances for the three and six months ended June 30, 2025 include $81.7 million in legal settlement from an Operator in North Dakota.
Schedule of Reconciliation of Denominators Used to Calculate Basic and Diluted EPS
The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and six months ended June 30, 2025 and 2024 are as follows:
 Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands, except share and per share data)2025202420252024
Net Income$99,585 $138,556 $238,567 $150,163 
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic98,060,407 100,266,462 98,308,686 100,354,467 
Plus: Dilutive Effect of Restricted Stock and Common Stock Warrants 1,334,132 980,385 1,383,447 1,087,022 
Plus: Dilutive Effect of Convertible Notes— 738,227 — 369,114 
Weighted Average Common Shares Outstanding – Diluted99,394,539 101,985,074 99,692,134 101,810,603 
Net Income per Common Share:
Basic$1.02 $1.38 $2.43 $1.50 
Diluted$1.00 $1.36 $2.39 $1.47 
Shares Excluded from EPS Due to Anti-Dilutive Effect:
Restricted Stock63,093 — 74,873 5,315 
Schedule of Supplemental Cash Flow Information
The following table reflects the Company’s supplemental cash flow information for the three and six months ended June 30, 2025 and 2024:

Six Months Ended
June 30,
(In thousands)20252024
Supplemental Cash Items:
Cash Paid During the Period for Interest, Net of Amount Capitalized$85,602 $71,553 
Cash (Refunded) Paid During the Period for Income Taxes, Net(2,295)296 
Non-cash Investing Activities:
Capital Expenditures on Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities295,758 262,988 
Capitalized Asset Retirement Obligations2,184 4,074 
Compensation Capitalized in Oil and Natural Gas Properties402 52 
Issuance of Common Stock - Acquisition of Oil and Natural Gas Properties — 3,737 
Non-cash Financing Activities:
Issuance of Common Stock in Exchange for Warrants— 23,338 
Common Stock Dividends Declared, But Not Paid44,270 40,064 
Repurchases of Common Stock - Excise Tax500 548