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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
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,
2024202320242023
Revenues from contracts with customers$855,195 $649,890 $1,640,538 $1,213,564 
Realized gain (loss) on derivatives3,770 (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,
2024202320242023
Oil revenues$705,550 $510,364 $1,304,064 $912,141 
Natural gas revenues70,729 77,553 175,755 178,685 
Third-party midstream services revenues32,651 30,075 65,008 56,586 
Sales of purchased natural gas46,265 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,
2024202320242023
Weighted average common shares outstanding
Basic124,786 119,183 122,253 119,109 
Dilutive effect of options and restricted stock units110 659 185 747 
Diluted weighted average common shares outstanding 124,896 119,842 122,438 119,856