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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 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 income (loss), 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 tables present selected financial information with respect to the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands):
| Three Months Ended June 30, 2025 |  | Three Months Ended June 30, 2024
Total revenues | $ | 447,616 |  |  | $ | 181,117 |
Significant segment expenses |  |  |
Lease operating expenses | 17,628 |  |  | 15,817 |
Taxes other than income | 7,556 |  |  | 7,018 |
Transportation, gathering, processing and compression | 86,508 |  |  | 86,529 |
Depreciation, depletion, and amortization | 73,643 |  |  | 78,553 |
General and administrative | 10,926 |  |  | 10,752 |
Interest expense | 13,731 |  |  | 15,158 |
Other segment expenses(1) | 1,488 |  |  | 1,089 |
Income tax expense (benefit) | 51,670 |  |  | (7,587) |
Total significant segment expenses | 263,150 |  |  | 207,329 |
Net income (loss) | $ | 184,466 |  |  | $ | (26,212) |
Capital expenditures(2) | $ | 139,543 |  |  | $ | 149,733 |
_____________________ (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.
| Six Months Ended June 30, 2025 |  | Six Months Ended June 30, 2024
Total revenues | $ | 644,650 |  |  | $ | 464,346 |
Significant segment expenses |  |  |
Lease operating expenses | 37,911 |  |  | 32,625 |
Taxes other than income | 14,182 |  |  | 15,278 |
Transportation, gathering, processing and compression | 169,378 |  |  | 173,148 |
Depreciation, depletion, and amortization | 139,265 |  |  | 158,576 |
General and administrative | 19,927 |  |  | 19,950 |
Interest expense | 27,087 |  |  | 30,161 |
Other segment expenses(1) | 1,404 |  |  | 1,519 |
Income tax expense | 51,494 |  |  | 7,266 |
Total significant segment expenses | 460,648 |  |  | 438,523 |
Net income | $ | 184,002 |  |  | $ | 25,823 |
Capital expenditures(2) | $ | 309,568 |  |  | $ | 282,808 |
_____________________ (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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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