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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Disaggregation of revenue | The following table summarizes the Company’s total revenues and revenues from contracts with customers on a disaggregated basis for the three and six months ended June 30, 2024 and 2023 (in thousands).
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues from contracts with customers | $ | 855,195 |  |  | $ | 649,890 |  |  | $ | 1,640,538 |  |  | $ | 1,213,564 |
Realized gain (loss) on derivatives | 3,770 |  |  | (3,148) |  |  | 4,045 |  |  | 521 |
Unrealized loss on derivatives | (11,829) |  |  | (8,659) |  |  | (9,754) |  |  | (15,726) |
Total revenues | $ | 847,136 |  |  | $ | 638,083 |  |  | $ | 1,634,829 |  |  | $ | 1,198,359 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Oil revenues | $ | 705,550 |  |  | $ | 510,364 |  |  | $ | 1,304,064 |  |  | $ | 912,141 |
Natural gas revenues | 70,729 |  |  | 77,553 |  |  | 175,755 |  |  | 178,685 |
Third-party midstream services revenues | 32,651 |  |  | 30,075 |  |  | 65,008 |  |  | 56,586 |
Sales of purchased natural gas | 46,265 |  |  | 31,898 |  |  | 95,711 |  |  | 66,152 |
Total revenues from contracts with customers | $ | 855,195 |  |  | $ | 649,890 |  |  | $ | 1,640,538 |  |  | $ | 1,213,564 |
Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share | The following table sets forth the computation of diluted weighted average common shares outstanding for the three and six months ended June 30, 2024 and 2023 (in thousands).
| Three Months Ended June 30, |  | Six Months Ended June 30,
2024 |  | 2023 |  | 2024 |  | 2023
Weighted average common shares outstanding |  |  |  |  |  |  |
Basic | 124,786 |  |  | 119,183 |  |  | 122,253 |  |  | 119,109 |
Dilutive effect of options and restricted stock units | 110 |  |  | 659 |  |  | 185 |  |  | 747 |
Diluted weighted average common shares outstanding | 124,896 |  |  | 119,842 |  |  | 122,438 |  |  | 119,856 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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