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CRUDE OIL AND NATURAL GAS PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2026
Oil and Gas Disclosure [Abstract]  
Schedule of Fair Values of the Assets and Liabilities as of the Date of Acquisition The following table reflects the fair value of the net assets and liabilities as of the closing date of the acquisition:
(In thousands)
Fair value of net assets:
Proved oil and natural gas properties$325,941 
Unproved oil and natural gas properties140,029 
Total assets acquired465,970 
Asset retirement obligations(1,334)
Net assets acquired$464,636 
Fair value of consideration paid for net assets:
Cash consideration$464,636 
Total fair value of consideration transferred$464,636 
The following table reflects the fair value of the net assets and liabilities as of the closing date of the acquisition:
(In thousands)
Fair value of net assets:
Proved oil and natural gas properties$205,309 
Unproved oil and natural gas properties57,327 
Total assets acquired262,636 
Asset retirement obligations(498)
Net assets acquired$262,138 
Fair value of consideration paid for net assets:
Cash consideration$171,243 
Issuance of common stock81,388 
Contingent consideration9,507 
Total fair value of consideration transferred$262,138 
Business Combination, Recognized Asset Acquired and Liability Assumed The following table reflects the fair value of the net assets and liabilities as of the closing date of the acquisition:
(In thousands)
Fair value of net assets:
Proved oil and natural gas properties$325,941 
Unproved oil and natural gas properties140,029 
Total assets acquired465,970 
Asset retirement obligations(1,334)
Net assets acquired$464,636 
Fair value of consideration paid for net assets:
Cash consideration$464,636 
Total fair value of consideration transferred$464,636 
The following table reflects the fair value of the net assets and liabilities as of the closing date of the acquisition:
(In thousands)
Fair value of net assets:
Proved oil and natural gas properties$205,309 
Unproved oil and natural gas properties57,327 
Total assets acquired262,636 
Asset retirement obligations(498)
Net assets acquired$262,138 
Fair value of consideration paid for net assets:
Cash consideration$171,243 
Issuance of common stock81,388 
Contingent consideration9,507 
Total fair value of consideration transferred$262,138 
Schedule of Unaudited Pro Forma Information
The following summarized unaudited pro forma consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 provides summarized information for the acquisitions accounted for as business combinations. The information provided assumes that the acquisitions accounted for as business combinations occurred as of January 1, 2025.

The Company prepared the following summarized unaudited pro forma financial results for comparative purposes only. The summarized unaudited pro forma information may not be indicative of the results that would have occurred had the Company completed the acquisitions as of January 1, 2025, or that would be attained in the future.

Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Total Revenues$767,946 $752,071 $807,043 $1,407,916 
Net Income (Loss) from Operations370,763 205,745 (256,779)471,332