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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating net revenues:    
Oil and natural gas sales $ 656,022 $ 817,810
Operating expenses:    
Lease operating expense 45,838 36,019
Severance and ad valorem taxes 52,362 63,304
Exploration 571 528
Depreciation, depletion, and amortization 201,303 184,860
Abandonment and impairment of unproved properties 0 17,975
Unused commitments 391 776
Bad debt recovery (253) 0
Merger transaction costs 482 20,534
General and administrative expense, including $7,380 and $8,090, respectively, of stock-based compensation 36,858 35,720
Total operating expenses 414,965 415,831
Other income (expense):    
Derivative gain (loss) 25,160 (295,493)
Interest expense (7,449) (9,066)
Gain (loss) on property transactions, net (241) 16,797
Other income 9,023 783
Total other income (expense) 26,493 (286,979)
Income from operations before income taxes 267,550 115,000
Income tax expense (65,089) (23,361)
Net income, basic 202,461 91,639
Net income, diluted $ 202,461 $ 91,639
Net income per common share:    
Basic (in dollars per share) $ 2.48 $ 1.08
Diluted (in dollars per share) $ 2.46 $ 1.07
Weighted-average common shares outstanding:    
Basic (in shares) 81,719 84,840
Diluted (in shares) 82,430 85,326
Midstream operating expense    
Operating expenses:    
Operating expense $ 10,061 $ 5,712
Gathering, transportation, and processing    
Operating expenses:    
Operating expense $ 67,352 $ 50,403