XML 61 R48.htm IDEA: XBRL DOCUMENT v3.24.3
LONG-TERM DEBT - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended
Jan. 02, 2024
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Jun. 12, 2024
Dec. 31, 2023
LONG-TERM DEBT                
Interest expense   $ 117,800,000 $ 76,500,000   $ 342,400,000 $ 92,700,000    
Revolving Credit Facility                
LONG-TERM DEBT                
Minimum current ratio covenant         1.00      
Coverage ratio         1.50      
Discount percentage         9.00%      
Discount percentage         9.00%      
Vencer Acquisition                
LONG-TERM DEBT                
Cash consideration to be paid January 3, 2025 $ 550,000,000 475,000,000   $ 475,000,000 $ 475,000,000      
Deferred acquisition consideration 532,284,000              
Cash consideration $ 996,420,000     75,000,000        
Interest expense   9,500,000     27,400,000      
Amended Credit Agreement | Revolving Credit Facility                
LONG-TERM DEBT                
Maximum borrowing capacity   4,000,000,000   4,000,000,000 4,000,000,000      
Additional borrowing capacity             $ 400,000,000  
Borrowing base amount   3,400,000,000   3,400,000,000 3,400,000,000   3,400,000,000  
Aggregate elected commitments, additional borrowings             350,000,000  
Aggregate elected commitments   $ 2,200,000,000   $ 2,200,000,000 $ 2,200,000,000   $ 2,200,000,000  
Covenant, minimum percentage of mortgage on total value of certain proved oil and gas properties   90.00%   90.00% 90.00%      
Maximum net leverage ratio   3.00   3.00 3.00      
Amended Credit Agreement | Revolving Credit Facility | Fed Funds Effective Rate Overnight Index Swap Rate                
LONG-TERM DEBT                
Basis spread on variable rate         0.50%      
Amended Credit Agreement | Revolving Credit Facility | SOFR                
LONG-TERM DEBT                
Basis spread on variable rate         1.00%      
Basis spread on variable rate, floor         0.50%      
Amended Credit Agreement | Revolving Credit Facility | SOFR | Minimum                
LONG-TERM DEBT                
Basis spread on variable rate         1.75%      
Amended Credit Agreement | Revolving Credit Facility | SOFR | Maximum                
LONG-TERM DEBT                
Basis spread on variable rate         2.75%      
Amended Credit Agreement | Revolving Credit Facility | SOFR, Plus Basis Spread One                
LONG-TERM DEBT                
Basis spread on variable rate, floor         1.50%      
Amended Credit Agreement | Revolving Credit Facility | SOFR, Plus Basis Spread One | Minimum                
LONG-TERM DEBT                
Basis spread on variable rate         0.75%      
Amended Credit Agreement | Revolving Credit Facility | SOFR, Plus Basis Spread One | Maximum                
LONG-TERM DEBT                
Basis spread on variable rate         1.75%      
Amended Credit Agreement | HighPoint Merger | Revolving Credit Facility                
LONG-TERM DEBT                
Deferred financing costs, gross   $ 31,400,000   $ 31,400,000 $ 31,400,000     $ 34,400,000
Deferred financing costs, net   23,200,000   23,200,000 23,200,000     26,900,000
Unamortized deferred financing costs   $ 8,200,000   $ 8,200,000 $ 8,200,000     $ 7,500,000