v3.25.2
Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 27, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting [Abstract]                
Number of reportable segments | segment           1    
Segment Reporting Information [Line Items]                
Total revenues   $ 288,517   $ 239,994   $ 515,285 $ 479,149  
Lease operating expense   49,566   46,497   98,318 87,257  
Production taxes   10,496   11,302   23,270 24,054  
Depreciation, depletion, amortization and accretion – oil and natural gas   64,340   65,819   125,525 131,191  
Depreciation and amortization – other   2,758   2,242   5,158 4,340  
Interest expense   12,140   27,046   30,034 53,331  
Loss on debt extinguishment $ 18,500 0   0   (18,540) 0  
Other expense, net   (9,496)   (3,921)   (8,848) (3,178)  
Net income   89,661 $ 15,886 39,516 $ 41,702 105,547 81,218  
Total assets   2,334,165       2,334,165   $ 2,338,214
Nonrelated Party                
Segment Reporting Information [Line Items]                
General and administrative   6,952   9,568   15,969 18,046  
Related Party                
Segment Reporting Information [Line Items]                
General and administrative   1,850   1,850   3,700 3,700  
Net oil, natural gas, and NGL sales                
Segment Reporting Information [Line Items]                
Total revenues   219,412   231,539   472,138 486,779  
Cost of revenue   31,784   23,831   59,945 55,773  
Midstream revenue                
Segment Reporting Information [Line Items]                
Total revenues   6,257   6,441   12,387 12,660  
Cost of revenue   3,200   2,616   6,170 5,175  
Product sales                
Segment Reporting Information [Line Items]                
Total revenues   7,269   6,649   15,874 13,613  
Cost of revenue   6,274   5,786   14,261 11,886  
Reportable Segment                
Segment Reporting Information [Line Items]                
Total revenues   288,517   239,994   515,285 479,149  
Lease operating expense   49,566   46,497   98,318 87,257  
Production taxes   10,496   11,302   23,270 24,054  
Total significant expenses   91,846   81,630   181,533 167,084  
Depreciation, depletion, amortization and accretion – oil and natural gas   64,340   65,819   125,525 131,191  
Depreciation and amortization – other   2,758   2,242   5,158 4,340  
Interest expense   12,140   27,046   30,034 53,331  
Loss on debt extinguishment   0   0   18,540 0  
Other expense, net   9,496   3,921   8,848 3,178  
Total expenses   198,856   200,478   409,738 397,931  
Net income   89,661   39,516   105,547 81,218  
Capital expenditures, including acquisitions   125,452   45,669   206,810 127,245  
Total assets   2,334,165       2,334,165   $ 2,338,214
Reportable Segment | Nonrelated Party                
Segment Reporting Information [Line Items]                
General and administrative   6,952   9,568   15,969 18,046  
Reportable Segment | Related Party                
Segment Reporting Information [Line Items]                
General and administrative   1,850   1,850   3,700 3,700  
Reportable Segment | Net oil, natural gas, and NGL sales                
Segment Reporting Information [Line Items]                
Cost of revenue   31,784   23,831   59,945 55,773  
Reportable Segment | Midstream revenue                
Segment Reporting Information [Line Items]                
Cost of revenue   3,200   2,616   6,170 5,175  
Reportable Segment | Product sales                
Segment Reporting Information [Line Items]                
Cost of revenue   $ 6,274   $ 5,786   $ 14,261 $ 11,886