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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 288,232 $ 0
Restricted cash 35,252 0
Materials and supplies 15,838 16,213
Prepaid expenses and other current assets 4,828 0
Total current assets 344,150 16,213
Oil and gas properties (Successful efforts method)    
Oil and gas properties 1,111,302 4,382,289
Less: Accumulated depreciation, depletion and amortization 0 (3,693,325)
Total oil and gas properties - net 1,111,302 688,964
Other, net 17,682 6,404
Total assets 1,473,134 711,581
Liabilities and Equity [Abstract]    
Accounts payable and accrued expenses 95,601 5,384
Excise tax payable 2,308 0
Total current liabilities 98,270 17,902
Warrant liabilities 258,549 0
Asset retirement obligations 96,929 349,138
Senior Secured Term Loan including paid-in-kind interest, net 814,421 0
Deferred tax liabilities 20,646 0
Other 16,820 5,520
Total liabilities 1,305,635 372,560
Commitments and Contingencies (Note 8)
Stockholders' Equity/Parent Net Investment    
Parent net investment 0 339,021
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2024 0 0
Common Stock, $0.0001 par value; 500,000,000 shares authorized; 78,789,516 issued and outstanding at September 30, 2024 7 0
Additional paid-in capital 849,621 0
Accumulated deficit (682,129) 0
Total Stockholders’ Equity/Parent Net Investment 167,499 339,021
Total Liabilities and Stockholders’ Equity/Parent Net Investment 1,473,134 711,581
Nonrelated party    
Liabilities and Equity [Abstract]    
Accounts payable and accrued expenses 95,601 5,384
Due to related party, net / Other current liabilities 361 1,148
Due to related party, net    
Liabilities and Equity [Abstract]    
Due to related party, net / Other current liabilities $ 0 $ 11,370