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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 16,936 $ 59,103
Adjustments to reconcile net income to net cash provided by operating activities:    
Exploratory well costs and lease expirations 1,379 10
Depletion, depreciation, amortization and accretion 50,371 38,701
Impairment of oil and natural gas properties 0 1,214
(Gain) loss on derivatives, net 93,735 (12,870)
Settlements on derivative contracts (47,885) 6,266
Amortization of deferred financing costs and discount 2,367 2,373
Stock-based compensation expense 6,219 4,054
Deferred income tax expense 4,925 3,040
Loss from equity method investment 323 248
Loss on acquisitions and divestitures, net 858 0
Other 0 (8)
Changes in operating assets and liabilities    
Accounts receivable, net (29,611) 9,116
Prepaid expenses (3,368) (1,281)
Inventory (2,158) (1,989)
Other non-current assets, net 185 (1,154)
Accounts payable and accrued liabilities 13,264 (10,243)
Revenue payable 18,248 (1,987)
Other current liabilities (15,112) (10,572)
Net Cash Provided by Operating Activities 110,676 84,021
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (96,864) (40,938)
Additions to midstream property and equipment (1,410) (6,294)
Additions to other property and equipment (1,197) (636)
Acquisitions of oil and natural gas properties (4,824) (2,138)
Acquisitions of land (548) 0
Proceeds from divestitures 8,206 0
Contributions to equity method investment (6,500) (6,250)
Distributions from equity method investment 1,487 0
Funds held in escrow 0 (14,201)
Net Cash Used in Investing Activities (101,650) (70,457)
Cash Flows from Financing Activities:    
Deferred financing costs (108) (164)
Proceeds from Credit Facility 77,000 30,000
Repayments under Credit Facility (49,000) (16,000)
Repayments of Senior Notes (10,000) (10,000)
Payment of earnout liability (310) 0
Payment of cash dividends (17,038) (16,121)
Repurchase of common shares (4,902) 0
Repurchase of common shares for tax withholding and other (1,871) (377)
Net Cash Used in Financing Activities (6,229) (12,662)
Net Increase in Cash 2,797 902
Cash, Beginning of Period 17,889 13,124
Cash, End of Period 20,686 14,026
Cash Paid For:    
Interest, net of capitalized interest 11,307 11,187
Income taxes 24,203 14,784
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities 31,510 2,596
Transfer of inventory to oil and natural gas properties 28 2,307
Right-of-use assets obtained in exchange for operating lease liability $ 352 $ 2,133