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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income (loss) $ (322,645) $ 196,430
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation and amortization (including deferred financing costs) 419,111 318,564
Deferred income taxes 686 11,280
Unsuccessful well costs and leasehold impairments 51,373 3,872
Change in fair value of derivatives (10,675) 11,808
Cash settlements on derivatives, net (including $7.3 million and $(10.0) million on commodity hedges during 2025 and 2024) 2,801 (14,754)
Equity-based compensation 21,009 27,849
Gain on sale of assets (600) 0
Debt modifications and extinguishments 0 24,794
Other (11,492) (12,126)
Changes in assets and liabilities:    
(Increase) decrease in receivables 76,488 (33,304)
Increase in inventories and prepaid expenses (42) (2,320)
Decrease in accounts payable and accrued liabilities (127,302) (29,591)
Net cash provided by operating activities 98,712 502,502
Investing activities    
Oil and gas assets (244,133) (772,238)
Notes receivable and other investing activities (86,791) (2,575)
Net cash used in investing activities (330,924) (774,813)
Financing activities    
Borrowings under long-term debt 375,000 275,000
Payments on long-term debt (150,000) (350,000)
Net proceeds from issuance of senior notes 0 885,285
Repurchase of senior notes 0 (499,515)
Purchase of capped call transactions 0 (49,800)
Other financing costs (1) (35,534)
Net cash provided by financing activities 224,999 225,436
Net decrease in cash, cash equivalents and restricted cash (7,213) (46,875)
Cash, cash equivalents and restricted cash at beginning of period 85,277 98,761
Cash, cash equivalents and restricted cash at end of period 78,064 51,886
Cash paid for:    
Income taxes, net of refund received $ 90,324 $ 232,923