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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information We have evaluated how we are organized and managed and have identified one reportable segment, which is the exploration and production of crude oil, natural gas and NGLs. We consider our gathering, processing and marketing functions as ancillary to our oil and gas producing activities. Substantially all of our operations and assets are located onshore in the United States, and substantially all of our revenues are attributable to United States customers. The Company’s Chief Operating Decision Maker ("CODM") is the Chief Executive Officer. The CODM uses measures of profitability including Net income (loss) on the Consolidated statement of operations to assess performance and determine resource allocation. The CODM uses these metrics to make key operating decisions, including the determination of allocation of capital between development of existing oil and gas properties and the acquisition of additional oil and gas properties, and the identification and divestiture of non-core assets. The measure of segment assets is reported on the Consolidated balance sheets as Total assets. We do not have intra-entity sales or transfers. The table below provides information about the Company’s single reportable segment:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Total revenues | $ | 2,930,919 |  |  | $ | 2,382,602 |  |  | $ | 3,057,065 |
Less: |  |  |  |  |
Lease operating expense | 528,822 |  |  | 495,380 |  |  | 438,753 |
Workover expense | 60,312 |  |  | 58,441 |  |  | 66,864 |
Asset operating expense | 103,220 |  |  | 86,593 |  |  | 78,709 |
Gathering, transportation and marketing | 312,931 |  |  | 235,153 |  |  | 177,078 |
Production and other taxes | 162,634 |  |  | 162,963 |  |  | 238,381 |
Depreciation, depletion and amortization | 949,480 |  |  | 675,782 |  |  | 532,926 |
Impairment of oil and natural gas properties | 161,542 |  |  | 153,495 |  |  | 142,902 |
Midstream and other operating expense | 110,136 |  |  | 39,809 |  |  | 13,513 |
General and administrative expense excluding equity-based compensation | 142,738 |  |  | 57,982 |  |  | 46,927 |
Equity-based compensation expense | 193,481 |  |  | 82,936 |  |  | 38,063 |
Interest expense | 216,263 |  |  | 145,807 |  |  | 95,937 |
Other segment items | 127,043 |  |  | (133,730) |  |  | 706,412 |
Net income (loss) | $ | (137,683) |  |  | $ | 321,991 |  |  | $ | 480,600 |
Total development of oil and natural gas properties | 745,198 |  |  | 578,316 |  |  | 624,880 |
Other segment items include Exploration expense, Gain (loss) on derivatives, (Gain) loss on sale of assets and Loss from extinguishment of debt from our consolidated statements of operations.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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