v3.26.3
Acquisitions and Divestitures - Estimated Fair Value of Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 1 Months Ended 9 Months Ended
Jan. 31, 2025
Feb. 28, 2026
Jan. 31, 2026
Dec. 31, 2025
Jul. 31, 2025
Jan. 31, 2025
Sep. 30, 2026
Sep. 30, 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               (416,454)
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               2,214,221
Oil and natural gas properties - unproved | Vital Energy Merger                
Assets acquired and liabilities assumed:                
Oil and natural gas properties               137,751
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