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Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 17, 2024
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
Business Acquisition, Pro Forma Information  
The pro forma information is not necessarily indicative of the results that might have occurred had the Earthstone Merger occurred in the past and is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the following pro forma information.
Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
Total Revenue $1,283,969 $3,519,042 
Net Income137,779 432,571 
Earnings per share:
Basic$0.29 $0.92 
Diluted0.25 0.79 
Asset Acquisition The following table represents the preliminary consideration and purchase price allocation of the identifiable assets acquired and the liabilities assumed based on their respective fair values as of the closing date of the business combination.
(in thousands, except share and per share data)
Bolt-On Acquisition Consideration
Total cash consideration given
$743,496 
Fair value of assets acquired:Preliminary Purchase Price Allocation
Accounts receivable, net$5,556 
Oil and natural gas properties, net
770,449 
Total assets acquired$776,005 
Fair value of liabilities assumed:
Accounts payable and accrued expenses$17,355 
Asset retirement obligations15,154 
Total liabilities assumed$32,509 
Net assets acquired$743,496