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Revenue Recognition
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenues from contracts with customers were as follows for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
 (In thousands)
Crude oil revenues$878,928 $848,104 $1,835,064 $1,526,955 
Purchased crude oil sales224,835 346,721 328,706 673,368 
NGL and natural gas revenues71,338 54,563 218,626 123,874 
Purchased NGL and natural gas sales5,459 11,292 13,210 21,743 
Total revenues$1,180,560 $1,260,680 $2,395,606 $2,345,940 

The Company records revenue when the performance obligations under the terms of its customer contracts are satisfied. For sales of commodities, the Company records revenue in the month the production or purchased product is delivered to the purchaser. However, settlement statements and payments are typically not received for 20 to 90 days after the date production is delivered, and as a result, the Company is required to estimate the amount of production that was delivered to the purchaser and the price that will be received for the sale of the product. The Company uses knowledge of its properties, its properties’ historical performance, spot market prices and other factors as the basis for these estimates. The Company records the differences between estimates and the actual amounts received for product sales once payment is received from the purchaser. In certain cases, the Company is required to estimate these revenues during a reporting period and record any differences between the estimated revenues and actual revenues in the following reporting period. Differences between estimated revenues and actual revenues have historically not been significant. For the three and six months ended June 30, 2025 and 2024, revenue recognized related to performance obligations satisfied in prior reporting periods was not material.