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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating net revenues:      
Crude oil, natural gas, and NGL sales $ 3,479,240 $ 3,791,398 $ 930,614
Operating expenses:      
Lease operating expense 301,288 169,986 52,391
Severance and ad valorem taxes 276,535 305,701 65,113
Exploration 2,178 6,981 7,937
Depreciation, depletion, and amortization 1,171,192 816,446 226,931
Abandonment and impairment of unproved properties 0 17,975 57,260
Transaction costs 84,328 24,683 43,555
General and administrative expense (including $34,931, $31,367, and $15,558, respectively, of stock-based compensation) 161,077 143,477 65,132
Other operating expense 7,437 2,691 8,299
Total operating expenses 2,339,760 1,807,358 608,551
Other income (expense):      
Derivative gain (loss), net 9,307 (335,160) (60,510)
Interest expense (182,740) (32,199) (9,700)
Gain (loss) on property transactions, net (254) 15,880 1,932
Other income (expense) 33,661 21,217 (2,006)
Total other expense (140,026) (330,262) (70,284)
Income from operations before income taxes 999,454 1,653,778 251,779
Income tax expense (215,166) (405,698) (72,858)
Net income, basic 784,288 1,248,080 178,921
Net income, diluted $ 784,288 $ 1,248,080 $ 178,921
Earnings per common share:      
Basic (in dollars per share) $ 9.09 $ 14.68 $ 4.82
Diluted (in dollars per share) $ 9.02 $ 14.58 $ 4.74
Weighted-average common shares outstanding      
Basic (in shares) 86,240 85,005 37,155
Diluted (in shares) 86,988 85,604 37,746
Midstream operating expense      
Operating expenses:      
Operating expenses $ 45,080 $ 31,944 $ 17,426
Gathering, transportation, and processing      
Operating expenses:      
Operating expenses $ 290,645 $ 287,474 $ 64,507