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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following tables present selected financial information with respect to the Company's one operating segment for the three and nine months ended September 30, 2025 and 2024 (in thousands):

			Three Months Ended September 30, 2025						Three Months Ended September 30, 2024
Total revenues			$	379,745					$	253,912
Significant segment expenses
Lease operating expenses			20,793						18,218
Taxes other than income			7,925						6,833
Transportation, gathering, processing and compression			96,390						89,900
Depreciation, depletion, and amortization			83,216						82,825
Impairment of oil and natural gas properties			—						30,487
General and administrative			11,835						10,479
Interest expense			13,590						15,866
Loss on debt extinguishment			—						13,388
Other segment expenses(1)			3,193						3,716
Income tax expense (benefit)			31,410						(3,833)
Total significant segment expenses			268,352						267,879
Net income (loss)			$	111,393					$	(13,967)
Capital expenditures(2)			$	106,072					$	110,756

_____________________

(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.

			Nine Months Ended September 30, 2025						Nine Months Ended September 30, 2024
Total revenues			$	1,024,395					$	718,258
Significant segment expenses
Lease operating expenses			58,704						50,843
Taxes other than income			22,107						22,111
Transportation, gathering, processing and compression			265,768						263,048
Depreciation, depletion, and amortization			222,481						241,401
Impairment of oil and natural gas properties			—						30,487
General and administrative			31,762						30,429
Interest expense			40,677						46,027
Loss on debt extinguishment			—						13,388
Other segment expenses(1)			4,597						5,235
Income tax expense			82,904						3,433
Total significant segment expenses			729,000						706,402
Net income			$	295,395					$	11,856
Capital expenditures(2)			$	415,639					$	393,563

_____________________

(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

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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