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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):

			March 31, 2025						December 31, 2024
Revenue payable and suspense			$	146,332					$	139,703
Accounts payable			52,596						34,668
Accrued capital expenditures			59,544						20,229
Accrued transportation, gathering, processing and compression			33,676						36,170
Other accrued liabilities			42,205						67,311
Total accounts payable and accrued liabilities			$	334,353					$	298,081

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Cash Flow and Non-Cash Information (in thousands)

			Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
Supplemental disclosure of cash flow information:
Interest payments, net of amounts capitalized			$	21,059					$	3,124
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas and natural gas liquid sales			$	(2,118)					$	37,457
Accounts receivable - joint interest and other			(20)						(4,145)
Accounts payable and accrued liabilities			(27,674)						(16,656)
Prepaid expenses			485						299
Other assets			(33)						(1)
Total changes in operating assets and liabilities, net			$	(29,360)					$	16,954
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation			$	1,498					$	1,183
Asset retirement obligation capitalized			53						214
Asset retirement obligation removed due to settlements			(815)						—
Release of common stock held in reserve			—						1,996

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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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Tabular disclosure of supplemental cash flow information for the periods presented.

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