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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating net revenues:      
Oil, natural gas, and NGL sales $ 930,614 $ 218,090 $ 313,220
Operating expenses:      
Lease operating expense 52,391 21,957 25,249
Severance and ad valorem taxes 65,113 3,787 25,598
Exploration 7,937 596 797
Depreciation, depletion, and amortization 226,931 91,242 76,453
Abandonment and impairment of unproved properties 57,260 37,343 11,201
Unused commitments 7,692 0 0
Bad debt expense 607 818 0
Merger transaction costs 43,555 6,676 0
General and administrative expense (including $15,558, $6,156, and $6,886, respectively, of stock-based compensation) 65,132 34,936 39,668
Total operating expenses 608,551 229,235 207,662
Other income (expense):      
Derivative gain (loss) (60,510) 53,462 (37,145)
Interest expense, net (9,700) (2,045) (2,650)
Gain (loss) on property transactions, net 1,932 (1,398) 1,177
Other income (expense) (2,006) 4,107 127
Total other income (expense) (70,284) 54,126 (38,491)
Income from operations before income taxes 251,779 42,981 67,067
Income tax benefit (expense) (72,858) 60,547 0
Net income 178,921 103,528 67,067
Comprehensive income $ 178,921 $ 103,528 $ 67,067
Net income per common share:      
Basic (in dollars per share) $ 4.82 $ 4.98 $ 3.25
Diluted (in dollars per share) $ 4.74 $ 4.95 $ 3.24
Weighted-average common shares outstanding      
Basic (in shares) 37,155 20,774 20,612
Diluted (in shares) 37,746 20,912 20,681
Midstream operating expense      
Operating expenses:      
Operating expenses $ 17,426 $ 14,948 $ 12,014
Gathering, transportation, and processing      
Operating expenses:      
Operating expenses $ 64,507 $ 16,932 $ 16,682