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Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Pro Forma Information
The following table summarizes our unaudited pro forma financial information for the years ended December 31, 2024 and 2023 as if the SilverBow Merger and Central Eagle Ford Acquisition occurred on January 1, 2023 (unaudited):

Year Ended December 31,
20242023
(in thousands)
Revenues$3,582,776 $3,610,300 
Net income
10,158 782,563 
Schedule of Reconciliation of Restructuring Liability The following is a reconciliation of our restructuring liability, which is included within Accounts payable and accrued liabilities on the consolidated balance sheets.
One-time employee termination benefits
Lease termination and other costs
Total
(in thousands)
December 31, 2023$— $— $— 
Costs incurred and charged to expense11,433 5,516 16,949 
Costs paid(6,531)(5,516)(12,047)
December 31, 2024$4,902 $— $4,902 
Schedule of Consideration Transferred
The following table summarizes the consideration transferred and the net assets acquired for our significant asset acquisitions and business combinations during the three years ended December 31, 2024 that impact the periods presented:

Asset Acquisitions
Business Combinations
Eagle Ford Minerals AcquisitionJuly Western Eagle Ford AcquisitionOctober Western Eagle Ford AcquisitionUinta TransactionSilverBow MergerCentral Eagle Ford Acquisition
(in thousands)
Consideration transferred:
Cash consideration:
Cash paid$25,000 $592,735 $235,069 $632,400 $358,092 $156,031 
Settlement of SilverBow Equity Awards in cash— — — — 18,858 — 
Equity consideration:
Fair value of Class A Common Stock issued to SilverBow Common stockholders— — — — 595,294 — 
Settlement of SilverBow Equity Awards in Class A Common Stock— — — — 16,129 — 
Total$25,000 $592,735 $235,069 $632,400 $988,373 $156,031 
Assets acquired and liabilities assumed:
Cash and cash equivalents$— $— $— $— $5,200 $— 
Accounts receivable, net— — — — 140,073 — 
Derivative assets – current— — — — 100,601 — 
Prepaid expenses— 355 — — 6,154 — 
Other current assets— — — — 945 — 
Oil and natural gas properties - proved12,865 595,025 239,573 785,150 1,980,500 144,085 
Oil and natural gas properties - unproved12,135 22,310 9,819 70,057 207,191 — 
Field and other property and equipment — — — 8,374 4,586 17,848 
Derivative assets – noncurrent— — — — 37,870 — 
Other assets— — — — 25,199 — 
Accounts payable and accrued liabilities— (12,668)(5,790)— (196,963)(1,212)
Acquired deferred acquisition consideration
— — — — (76,550)— 
Other current liabilities— — — — (10,029)— 
Derivative liabilities – current— — — (179,696)— — 
Short-term debt— — — — (37,500)— 
Long-term debt— — — — (1,103,125)— 
Deferred tax liability— — — — (58,670)— 
Asset retirement obligations — (10,541)(7,908)(37,203)(25,683)(4,690)
Other liabilities— (1,746)(625)(14,282)(11,426)— 
Net assets acquired$25,000 $592,735 $235,069 $632,400 $988,373 $156,031 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the consideration transferred and the net assets acquired for our significant asset acquisitions and business combinations during the three years ended December 31, 2024 that impact the periods presented:

Asset Acquisitions
Business Combinations
Eagle Ford Minerals AcquisitionJuly Western Eagle Ford AcquisitionOctober Western Eagle Ford AcquisitionUinta TransactionSilverBow MergerCentral Eagle Ford Acquisition
(in thousands)
Consideration transferred:
Cash consideration:
Cash paid$25,000 $592,735 $235,069 $632,400 $358,092 $156,031 
Settlement of SilverBow Equity Awards in cash— — — — 18,858 — 
Equity consideration:
Fair value of Class A Common Stock issued to SilverBow Common stockholders— — — — 595,294 — 
Settlement of SilverBow Equity Awards in Class A Common Stock— — — — 16,129 — 
Total$25,000 $592,735 $235,069 $632,400 $988,373 $156,031 
Assets acquired and liabilities assumed:
Cash and cash equivalents$— $— $— $— $5,200 $— 
Accounts receivable, net— — — — 140,073 — 
Derivative assets – current— — — — 100,601 — 
Prepaid expenses— 355 — — 6,154 — 
Other current assets— — — — 945 — 
Oil and natural gas properties - proved12,865 595,025 239,573 785,150 1,980,500 144,085 
Oil and natural gas properties - unproved12,135 22,310 9,819 70,057 207,191 — 
Field and other property and equipment — — — 8,374 4,586 17,848 
Derivative assets – noncurrent— — — — 37,870 — 
Other assets— — — — 25,199 — 
Accounts payable and accrued liabilities— (12,668)(5,790)— (196,963)(1,212)
Acquired deferred acquisition consideration
— — — — (76,550)— 
Other current liabilities— — — — (10,029)— 
Derivative liabilities – current— — — (179,696)— — 
Short-term debt— — — — (37,500)— 
Long-term debt— — — — (1,103,125)— 
Deferred tax liability— — — — (58,670)— 
Asset retirement obligations — (10,541)(7,908)(37,203)(25,683)(4,690)
Other liabilities— (1,746)(625)(14,282)(11,426)— 
Net assets acquired$25,000 $592,735 $235,069 $632,400 $988,373 $156,031