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v3.23.1

Stock-Based Compensation Plans (Tables) | 3 Months Ended
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Mar. 31, 2023
Allocation of Stock-Based Compensation by Functional Category | The following details the allocation of stock-based compensation to functional expense categories (in thousands):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Direct operating expense |  | $ | 415 |  |  | $ | 349 |
Brokered natural gas and marketing expense |  |  | 661 |  |  |  | 519 |
Exploration expense |  |  | 320 |  |  |  | 452 |
General and administrative expense |  |  | 9,600 |  |  |  | 11,573 |
Total stock-based compensation expense |  | $ | 10,996 |  |  | $ | 12,893 |
Restricted Stock and Restricted Stock Units and performance awards Outstanding | The following is a summary of the activity for our restricted stock and performance awards at March 31, 2023:
| Restricted Stock Equity Awards |  |  | Restricted Stock Liability Awards |  |  | Stock-Based Performance Awards |
| Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Units (a) |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2022 |  | 1,736,688 |  |  | $ | 14.44 |  |  |  | 379,633 |  |  | $ | 14.71 |  |  |  | 1,950,632 |  |  | $ | 9.02 |
Granted |  | 1,564,289 |  |  |  | 25.01 |  |  |  | 10,754 |  |  |  | 24.70 |  |  |  | 145,747 |  |  |  | 26.86 |
Vested |  | (490,702 | ) |  |  | 15.37 |  |  |  | (132,638 | ) |  |  | 13.98 |  |  |  | (1,158,797 | ) |  |  | 4.80 |
Forfeited |  | (16,094 | ) |  |  | 17.38 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2023 |  | 2,794,181 |  |  | $ | 20.18 |  |  |  | 257,749 |  |  | $ | 15.50 |  |  |  | 937,582 |  |  | $ | 17.01 |
(a) | Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers at the vesting date or on the achievement of internal performance targets.
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions | The following assumptions were used to estimate the fair value of these awards granted during first three months 2023 and 2022:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 3.8 | % |  |  | 1.4 | %
Expected annual volatility |  |  | 61 | % |  |  | 68 | %
Grant date fair value per unit |  | $ | 30.37 |  |  | $ | 27.90 |

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- Definition Tabular disclosure of key assumptions used to estimate the performance share awards. + References No definition available. + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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