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Supplemental Oil and Gas Disclosures - Unaudited (Tables) | 12 Months Ended
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Dec. 31, 2024
Oil and Gas Disclosure [Abstract] |
Schedule of Capitalized Costs Related to Oil and Natural Gas Producing Activities | The following table sets forth the capitalized costs related to the Company’s oil and gas producing activities:
| December 31,
| 2024 |  | 2023
| (In thousands)
Proved oil and gas properties | $ | 11,923,792 |  |  | $ | 6,220,766 |
Less: Accumulated depletion and impairment | (2,115,428) |  |  | (1,035,393) |
Proved oil and gas properties, net | 9,808,364 |  |  | 5,185,373 |
Unproved oil and gas properties | 846,994 |  |  | 99,477 |
Total oil and gas properties, net | $ | 10,655,358 |  |  | $ | 5,284,850 |
Schedule of Costs Incurred in Oil and Natural Gas Property Acquisition, Exploration and Development Activities | The following table sets forth costs incurred related to the Company’s oil and gas activities for the periods presented:
| Year Ended December 31, |  |  |
| 2024 |  | 2023 |  | 2022 |  |
| (In thousands)
Acquisition costs: |  |  |  |  |  |  |  |
Proved oil and gas properties | $ | 4,346,811 |  |  | $ | 178,629 |  |  | $ | 3,164,665 |  |  |  |
Unproved oil and gas properties | 928,789 |  |  | 185,392 |  |  | 43,084 |  |  |  |
Exploration costs | 8,285 |  |  | 6,366 |  |  | 859 |  |  |  |
Development costs(1) | 1,236,794 |  |  | 940,967 |  |  | 529,126 |  |  |  |
Total costs incurred | $ | 6,520,679 |  |  | $ | 1,311,354 |  |  | $ | 3,737,734 |  |  |  |
___________________ (1)Development costs include non-cash upward adjustments to oil and gas properties of $6.1 million, $18.5 million and $21.2 million for the years ended December 31, 2024, 2023 and 2022, respectively, which relate to estimated future plugging and abandonment costs of the Company’s oil and gas wells.
Schedule of Results of Operations for Oil and Natural Gas Producing Activities | The following table sets forth the results of operations for oil and gas producing activities, which exclude general and administrative expenses and interest expense, for the periods presented:
| Year Ended December 31, |  |  |
| 2024 |  | 2023 |  | 2022 |  |
| (In thousands)
Revenues | $ | 3,836,138 |  |  | $ | 3,132,411 |  |  | $ | 2,976,296 |  |  |  |
Production costs | 1,425,364 |  |  | 1,099,159 |  |  | 814,588 |  |  |  |
Depreciation, depletion and amortization | 1,081,575 |  |  | 582,127 |  |  | 354,050 |  |  |  |
Exploration and impairment | 14,570 |  |  | 17,830 |  |  | 2,204 |  |  |  |
Income tax expense | 309,069 |  |  | 335,534 |  |  | 426,087 |  |  |  |
Results of operations for oil and gas producing activities | $ | 1,005,560 |  |  | $ | 1,097,761 |  |  | $ | 1,379,367 |  |  |  |

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