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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating net revenues:    
Oil, natural gas, and NGL sales $ 817,810 $ 74,159
Operating expenses:    
Lease operating expense 36,019 5,731
Severance and ad valorem taxes 63,304 4,604
Exploration 528 96
Depreciation, depletion, and amortization 184,860 18,823
Abandonment and impairment of unproved properties 17,975 0
Unused commitments 776 0
Merger transaction costs 20,534 3,295
General and administrative expense (including $8,090 and $1,612, respectively, of stock-based compensation) 35,720 9,251
Total operating expenses 415,831 50,672
Other income (expense):    
Derivative loss (295,493) (23,419)
Interest expense (9,066) (419)
Gain on property transactions, net 16,797 0
Other income 783 188
Total other expense (286,979) (23,650)
Income (loss) from operations before income taxes 115,000 (163)
Income tax benefit (expense) (23,361) 44
Net income (loss) 91,639 (119)
Comprehensive income (loss) $ 91,639 $ (119)
Net income (loss) per common share:    
Basic (in dollars per share) $ 1.08 $ (0.01)
Diluted (in dollars per share) $ 1.07 $ (0.01)
Weighted-average common shares outstanding    
Basic (in shares) 84,840 20,839
Diluted (in shares) 85,326 20,839
Midstream operating expense    
Operating expenses:    
Operating expenses $ 5,712 $ 3,905
Gathering, transportation, and processing    
Operating expenses:    
Operating expenses $ 50,403 $ 4,967