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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2025
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. Amounts below for the Uinta Basin reflect activity for the three and nine months ended September 30, 2025. There is no comparable activity for the three and nine months ended September 30, 2024, because the Uinta Basin assets were acquired on October 1, 2024.
| Midland Basin |  | South Texas |  | Uinta Basin |  | Total
| Three Months Ended September 30, |  | Three Months Ended September 30, |  | Three Months Ended September 30, |  | Three Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Oil production revenue | $ | 312,262 |  | $ | 386,915 |  | $ | 131,108 |  | $ | 144,912 |  | $ | 225,736 |  | $ | — |  | $ | 669,106 |  | $ | 531,827
Gas production revenue | 31,829 |  | 19,265 |  | 46,610 |  | 31,290 |  | 5,724 |  | — |  | 84,163 |  | 50,555
NGL production revenue | 96 |  | 176 |  | 57,590 |  | 59,822 |  | 54 |  | — |  | 57,740 |  | 59,998
Total | $ | 344,187 |  | $ | 406,356 |  | $ | 235,308 |  | $ | 236,024 |  | $ | 231,514 |  | $ | — |  | $ | 811,009 |  | $ | 642,380
Relative percentage | 42 | % |  | 63 | % |  | 29 | % |  | 37 | % |  | 29 | % |  | — | % |  | 100 | % |  | 100 | %
| Midland Basin |  | South Texas |  | Uinta Basin |  | Total
| Nine Months Ended September 30, |  | Nine Months Ended September 30, |  | Nine Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Oil production revenue | $ | 963,224 |  | $ | 1,097,936 |  | $ | 362,002 |  | $ | 407,339 |  | $ | 655,729 |  | $ | — |  | $ | 1,980,955 |  | $ | 1,505,275
Gas production revenue | 115,257 |  | 82,636 |  | 145,510 |  | 80,948 |  | 21,484 |  | — |  | 282,251 |  | 163,584
NGL production revenue | 358 |  | 394 |  | 172,013 |  | 166,174 |  | 128 |  | — |  | 172,499 |  | 166,568
Total | $ | 1,078,839 |  | $ | 1,180,966 |  | $ | 679,525 |  | $ | 654,461 |  | $ | 677,341 |  | $ | — |  | $ | 2,435,705 |  | $ | 1,835,427
Relative percentage | 44 | % |  | 64 | % |  | 28 | % |  | 36 | % |  | 28 | % |  | — | % |  | 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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