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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of oil, gas, and NGL production revenue | The tables below present oil, gas, and NGL production revenue by product type for each of the Company’s operating areas:
| Midland Basin |  | South Texas |  | Total
| Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Oil production revenue | $ | 378,830 |  | $ | 302,874 |  | $ | 153,724 |  | $ | 120,519 |  | $ | 532,554 |  | $ | 423,393
Gas production revenue | 22,833 |  | 36,800 |  | 22,352 |  | 32,927 |  | 45,185 |  | 69,727
NGL production revenue | 134 |  | 211 |  | 55,578 |  | 53,224 |  | 55,712 |  | 53,435
Total | $ | 401,797 |  | $ | 339,885 |  | $ | 231,654 |  | $ | 206,670 |  | $ | 633,451 |  | $ | 546,555
Relative percentage | 63 | % |  | 62 | % |  | 37 | % |  | 38 | % |  | 100 | % |  | 100 | %
| Midland Basin |  | South Texas |  | Total
| Six Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Oil production revenue | $ | 711,021 |  | $ | 623,009 |  | $ | 262,427 |  | $ | 221,222 |  | $ | 973,448 |  | $ | 844,231
Gas production revenue | 63,371 |  | 86,589 |  | 49,658 |  | 76,869 |  | 113,029 |  | 163,458
NGL production revenue | 218 |  | 388 |  | 106,352 |  | 109,256 |  | 106,570 |  | 109,644
Total | $ | 774,610 |  | $ | 709,986 |  | $ | 418,437 |  | $ | 407,347 |  | $ | 1,193,047 |  | $ | 1,117,333
Relative percentage | 65 | % |  | 64 | % |  | 35 | % |  | 36 | % |  | 100 | % |  | 100 | %

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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