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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating net revenues:      
Oil and natural gas sales $ 3,791,398 $ 930,614 $ 218,090
Operating expenses:      
Lease operating expense 169,986 52,391 21,957
Severance and ad valorem taxes 305,701 65,113 3,787
Exploration 6,981 7,937 596
Depreciation, depletion, and amortization 816,446 226,931 91,242
Abandonment and impairment of unproved properties 17,975 57,260 37,343
Unused commitments 3,641 7,692 0
Bad debt expense (recovery) (950) 607 818
Merger transaction costs 24,683 43,555 6,676
General and administrative expense (including $31,367, $15,558, and $6,156, respectively, of stock-based compensation) 143,477 65,132 34,936
Total operating expenses 1,807,358 608,551 229,235
Other income (expense):      
Derivative gain (loss) (335,160) (60,510) 53,462
Interest expense (32,199) (9,700) (2,045)
Gain (loss) on property transactions, net 15,880 1,932 (1,398)
Other income (expense) 21,217 (2,006) 4,107
Total other income (expense) (330,262) (70,284) 54,126
Income from operations before income taxes 1,653,778 251,779 42,981
Income tax (expense) benefit (405,698) (72,858) 60,547
Net income, basic 1,248,080 178,921 103,528
Net income, diluted 1,248,080 178,921 103,528
Comprehensive income $ 1,248,080 $ 178,921 $ 103,528
Net income per common share:      
Basic (in dollars per share) $ 14.68 $ 4.82 $ 4.98
Diluted (in dollars per share) $ 14.58 $ 4.74 $ 4.95
Weighted-average common shares outstanding      
Basic (in shares) 85,005 37,155 20,774
Diluted (in shares) 85,604 37,746 20,912
Midstream operating expense      
Operating expenses:      
Operating expenses $ 31,944 $ 17,426 $ 14,948
Gathering, transportation, and processing      
Operating expenses:      
Operating expenses $ 287,474 $ 64,507 $ 16,932