v3.26.1
Acquisitions and Divestitures - Estimated Fair Value of Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended
Jan. 31, 2025
Feb. 28, 2026
Jan. 31, 2026
Jul. 31, 2025
Jan. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Vital Energy Merger              
Consideration transferred:              
Cash $ 3,700            
Cash             $ 0
Settlement of Equity Awards in cash             3,693
Total             652,232
Assets acquired and liabilities assumed:              
Cash and cash equivalents             122,923
Accounts receivable, net             276,882
Derivative assets – current             184,247
Prepaid expenses             25,559
Field and other property and equipment             50,156
Derivative assets – noncurrent             2,471
Deferred tax asset             695,291
Other assets             62,847
Accounts payable and accrued liabilities             (421,231)
Other current liabilities             (39,046)
Long-term debt             (2,490,578)
Derivative liabilities – noncurrent             (7,329)
Asset retirement obligations             (127,821)
Other liabilities             (38,888)
Net assets acquired             652,232
Vital Energy Merger | Common Stock Held by Sellers              
Consideration transferred:              
Fair value of Class A Common Stock issued             640,982
Vital Energy Merger | Common Stock for Equity Awards at Acquiree              
Consideration transferred:              
Fair value of Class A Common Stock issued             7,557
Oil and natural gas properties - proved | Vital Energy Merger              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             2,219,008
Oil and natural gas properties - unproved | Vital Energy Merger              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             137,741
January 2026 Minerals Acquisition              
Consideration transferred:              
Cash           $ 47,660  
Transaction costs capitalized           224  
Total     $ 47,900     47,884  
Assets acquired and liabilities assumed:              
Cash and cash equivalents           0  
Accounts receivable, net           0  
Derivative assets – current           0  
Prepaid expenses           0  
Field and other property and equipment           0  
Derivative assets – noncurrent           0  
Deferred tax asset           0  
Other assets           0  
Accounts payable and accrued liabilities           0  
Other current liabilities           0  
Long-term debt           0  
Derivative liabilities – noncurrent           0  
Asset retirement obligations           0  
Other liabilities           0  
Net assets acquired           47,884  
January 2026 Minerals Acquisition | Oil and natural gas properties - proved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           23,189  
January 2026 Minerals Acquisition | Oil and natural gas properties - unproved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           24,695  
February 2026 Minerals Acquisition              
Consideration transferred:              
Cash           307,599  
Transaction costs capitalized           2,255  
Total   $ 309,900       309,854  
Assets acquired and liabilities assumed:              
Cash and cash equivalents           0  
Accounts receivable, net           0  
Derivative assets – current           0  
Prepaid expenses           0  
Field and other property and equipment           0  
Derivative assets – noncurrent           0  
Deferred tax asset           0  
Other assets           0  
Accounts payable and accrued liabilities           0  
Other current liabilities           0  
Long-term debt           0  
Derivative liabilities – noncurrent           0  
Asset retirement obligations           0  
Other liabilities           0  
Net assets acquired           309,854  
February 2026 Minerals Acquisition | Oil and natural gas properties - proved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           169,735  
February 2026 Minerals Acquisition | Oil and natural gas properties - unproved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           140,119  
2025 Minerals Acquisition              
Consideration transferred:              
Cash           67,369  
Transaction costs capitalized           490  
Total       $ 67,900   67,859  
Assets acquired and liabilities assumed:              
Cash and cash equivalents           0  
Accounts receivable, net           0  
Derivative assets – current           0  
Prepaid expenses           0  
Field and other property and equipment           0  
Derivative assets – noncurrent           0  
Deferred tax asset            
Other assets           0  
Accounts payable and accrued liabilities           (385)  
Other current liabilities           0  
Long-term debt           0  
Derivative liabilities – noncurrent            
Asset retirement obligations           0  
Other liabilities           0  
Net assets acquired           67,859  
2025 Minerals Acquisition | Oil and natural gas properties - proved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           57,200  
2025 Minerals Acquisition | Oil and natural gas properties - unproved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties           $ 11,044  
Ridgemar Acquisition              
Consideration transferred:              
Cash             807,247
Cash $ 807,200            
Fair value of Class A Common Stock issued             82,145
Fair value of contingent earn-out consideration             51,746
Transaction costs capitalized             18,484
Total             959,622
Assets acquired and liabilities assumed:              
Cash and cash equivalents             0
Accounts receivable, net             1,150
Derivative assets – current             0
Prepaid expenses             0
Field and other property and equipment             3,240
Derivative assets – noncurrent             0
Deferred tax asset             0
Other assets             0
Accounts payable and accrued liabilities             (9,565)
Other current liabilities             (573)
Long-term debt             0
Derivative liabilities – noncurrent             0
Asset retirement obligations             (22,855)
Other liabilities             (533)
Net assets acquired             959,622
Ridgemar Acquisition | Oil and natural gas properties - proved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             988,758
Ridgemar Acquisition | Oil and natural gas properties - unproved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             0
Webb Gas Acquisition              
Consideration transferred:              
Cash             21,204
Total         $ 21,200   21,204
Assets acquired and liabilities assumed:              
Cash and cash equivalents             0
Accounts receivable, net             0
Derivative assets – current             0
Prepaid expenses             0
Field and other property and equipment             0
Derivative assets – noncurrent             0
Deferred tax asset            
Other assets             0
Accounts payable and accrued liabilities             0
Other current liabilities             0
Long-term debt             0
Derivative liabilities – noncurrent            
Asset retirement obligations             0
Other liabilities             0
Net assets acquired             21,204
Webb Gas Acquisition | Oil and natural gas properties - proved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             21,204
Webb Gas Acquisition | Oil and natural gas properties - unproved              
Assets acquired and liabilities assumed:              
Oil and natural gas properties             $ 0