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Segment Information
 12 Months Ended
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,
202420232022
(in thousands)
Total revenues$2,930,919 $2,382,602 $3,057,065 
Less:
Lease operating expense528,822 495,380 438,753 
Workover expense60,312 58,441 66,864 
Asset operating expense103,220 86,593 78,709 
Gathering, transportation and marketing312,931 235,153 177,078 
Production and other taxes162,634 162,963 238,381 
Depreciation, depletion and amortization949,480 675,782 532,926 
Impairment of oil and natural gas properties161,542 153,495 142,902 
Midstream and other operating expense110,136 39,809 13,513 
General and administrative expense excluding equity-based compensation142,738 57,982 46,927 
Equity-based compensation expense193,481 82,936 38,063 
Interest expense216,263 145,807 95,937 
Other segment items
127,043 (133,730)706,412 
Net income (loss)$(137,683)$321,991 $480,600 
Total development of oil and natural gas properties745,198 578,316 624,880 

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.