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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's assets and operations consist of one reportable segment with all revenues, operating expenses and assets attributable to this segment reflected in the consolidated financial statements. The Company derives its revenue from the sale of natural gas, oil and condensate and NGL produced from its oil and natural gas properties located in the United States.
The CODM of the Company is its Chief Executive Officer. The CODM assesses entity-wide operating results and performance and decides how to allocate resources based on net (loss) income, which is reported on the consolidated statement of operations.
The measure of segment assets is reported on the consolidated balance sheets as “total assets”.
The following table presents selected financial information with respect to the Company's one operating segment for the three months ended March 31, 2025 and 2024 (in thousands):
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Total revenues$197,034 $283,229 
Significant segment expenses
Lease operating expenses20,283 16,808 
Taxes other than income6,626 8,260 
Transportation, gathering, processing and compression82,870 86,619 
Depreciation, depletion, and amortization65,622 80,023 
General and administrative9,001 9,198 
Interest expense13,356 15,003 
Other segment expenses(1)
(84)430 
Income tax (benefit) expense(176)14,853 
Total significant segment expenses197,498 231,194 
Net (loss) income$(464)$52,035 
Capital expenditures(2)
$170,025 $133,075 
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(1)    Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations.
(2)    Capital expenditures include capitalized general and administrative costs and capitalized interest expense.