CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Operating revenues |
|
|
|
| Oil and gas sales |
$ 2,131,265
|
$ 1,029,892
|
$ 580,456
|
| Operating expenses |
|
|
|
| Lease operating expenses |
171,867
|
106,419
|
109,282
|
| Severance and ad valorem taxes |
155,724
|
67,140
|
39,417
|
| Gathering, processing and transportation expenses |
97,915
|
85,896
|
71,309
|
| Depreciation, depletion and amortization |
444,678
|
289,122
|
358,554
|
| Impairment and abandonment expense |
3,875
|
32,511
|
691,190
|
| Exploration and other expenses |
11,378
|
7,883
|
18,355
|
| General and administrative expenses |
159,554
|
110,454
|
72,867
|
| Business Combination, Integration Related Costs |
77,424
|
0
|
0
|
| Total operating expenses |
1,122,415
|
699,425
|
1,360,974
|
| Net gain (loss) on sale of long-lived assets |
(1,314)
|
34,168
|
398
|
| Proceeds from terminated sale of assets |
0
|
5,983
|
0
|
| Income (loss) from operations |
1,007,536
|
370,618
|
(780,120)
|
| Other income (expense) |
|
|
|
| Interest expense |
(95,645)
|
(61,288)
|
(69,192)
|
| Gain (loss) on extinguishment of debt |
0
|
(22,156)
|
143,443
|
| Net gain (loss) on derivative instruments |
(42,368)
|
(148,825)
|
(64,535)
|
| Other income (expense) |
609
|
395
|
81
|
| Total other income (expense) |
(137,404)
|
(231,874)
|
9,797
|
| Income (loss) before income taxes |
870,132
|
138,744
|
(770,323)
|
| Income tax (expense) benefit |
(120,292)
|
(569)
|
85,124
|
| Net income (loss) |
749,840
|
138,175
|
(685,199)
|
| Less: Net (income) loss attributable to noncontrolling interest |
(234,803)
|
0
|
2,362
|
| Net income (loss) attributable to Class A Common Stock |
$ 515,037
|
$ 138,175
|
$ (682,837)
|
| Income (loss) per share of Class A Common Stock: |
|
|
|
| Basic (in dollars per share) |
$ 1.80
|
$ 0.49
|
$ (2.46)
|
| Diluted (in dollars per share) |
$ 1.61
|
$ 0.46
|
$ (2.46)
|