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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 75,826 $ 1,124,797
Accounts receivable, net:    
Crude oil and natural gas sales 646,290 505,961
Joint interest and other 125,047 247,228
Derivative assets 66,517 35,192
Escrow Deposit 0 163,164
Prepaid expenses and other 74,638 68,070
Total current assets 988,318 2,144,412
Property and equipment (successful efforts method):    
Proved properties 16,897,070 12,738,568
Less: accumulated depreciation, depletion, and amortization (4,287,752) (2,339,541)
Total proved properties, net 12,609,318 10,399,027
Unproved properties 630,727 821,939
Wells in progress 505,556 536,858
Other property and equipment, net of accumulated depreciation of $9,382 in 2024 and $9,808 in 2023 48,757 62,392
Total property and equipment, net 13,794,358 11,820,216
Derivative assets 17,037 8,233
Other noncurrent assets 144,407 124,458
Total assets 14,944,120 14,097,319
Current liabilities:    
Accounts payable and accrued expenses 560,893 565,708
Production taxes payable 322,976 421,045
Crude oil and natural gas revenue distribution payable 702,130 766,123
Derivative liability 22,178 18,096
Total current liabilities 2,205,094 1,851,887
Long-term liabilities:    
Debt, net 4,493,531 4,785,732
Ad valorem taxes 294,058 307,924
Derivative liability 13,016 0
Deferred income tax liabilities, net 800,554 564,781
Asset retirement obligations 399,002 305,716
Total liabilities 8,315,374 7,915,998
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding 0 0
Common stock, $.01 par value, 225,000,000 shares authorized, 93,933,857 and 93,774,901 issued and outstanding as of December 31, 2024 and 2023, respectively 5,006 5,004
Additional paid-in capital 5,095,298 4,964,450
Retained earnings 1,528,442 1,211,867
Total stockholders’ equity 6,628,746 6,181,321
Total liabilities and stockholders’ equity 14,944,120 14,097,319
Deferred acquisition consideration 478,749 0
Other Liabilities, Current 118,168 80,915
Other Liabilities, Noncurrent $ 110,119 $ 99,958