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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 481,420,000 $ 966,212,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 754,558,000 601,449,000
Abandonment and impairment of unproved properties 0 17,975,000
Stock-based compensation 25,577,000 24,469,000
Derivative loss 120,574,000 358,862,000
Derivative cash settlement loss (44,907,000) (492,120,000)
Amortization of deferred financing costs 5,706,000 3,319,000
(Gain) loss on property transactions, net 254,000 (15,859,000)
Deferred income tax expense 138,972,000 239,766,000
Other, net (409,000) 202,000
Changes in operating assets and liabilities, net (86,173,000) 260,588,000
Net cash provided by operating activities 1,395,572,000 1,964,863,000
Cash flows from investing activities:    
Acquisitions of oil and natural gas properties, net of cash acquired (3,711,466,000) (330,459,000)
Proceeds from sale of oil and natural gas properties 5,764,000 0
Exploration and development of oil and natural gas properties (782,119,000) (708,958,000)
Additions to other property and equipment (1,714,000) (97,000)
Purchases of carbon offsets (5,864,000) (7,196,000)
Other (1,464,000) 126,000
Net cash used in investing activities (4,496,863,000) (1,046,584,000)
Cash flows from financing activities:    
Proceeds from credit facility 1,120,000,000 100,000,000
Payments to credit facility (470,000,000) (100,000,000)
Proceeds from issuance of senior notes 2,666,250,000 0
Payment of deferred financing costs (42,909,000) (1,174,000)
Redemption of senior notes 0 (100,000,000)
Dividends paid (511,031,000) (370,591,000)
Common stock repurchased and retired (320,398,000) 0
Proceeds from exercise of stock options 458,000 232,000
Payment of employee tax withholdings in exchange for the return of common stock (13,302,000) (19,062,000)
Principal payments on finance lease obligations (483,000) 0
Net cash provided by (used in) financing activities 2,428,585,000 (490,595,000)
Net change in cash, cash equivalents, and restricted cash (672,706,000) 427,684,000
Cash, cash equivalents, and restricted cash:    
Beginning of period [1] 768,134,000 254,556,000
End of period [1] $ 95,428,000 $ 682,240,000
[1] (1) Includes $0.1 million of restricted cash and consists of funds for road maintenance and repairs that is presented in other noncurrent assets within the accompanying unaudited condensed consolidated balance sheets (“balance sheets”).