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Segment Information - Schedule of Reconciliation of Adjusted EBITDA to the Company's Consolidated Totals (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
General and administrative expense $ (69,841) $ (63,187)
Interest expense (50,845) (37,581)
Depreciation, depletion and amortization (215,664) (147,323)
Derivative fair value gain (loss) (87,062) 58,937
Gain (loss) on debt extinguishment (60,256) 0
Non-cash equity-based compensation expense (2,754) (3,938)
Net income (loss) before income taxes (134,012) 43,317
Operating Segments    
Segment Reporting Information [Line Items]    
Adjusted EBITDA 259,462 204,326
Segment Reconciling Items [Member]    
Segment Reporting Information [Line Items]    
General and administrative expense (1,786) (1,263)
Interest expense (50,845) (37,581)
Depreciation, depletion and amortization (215,664) (147,323)
Accretion expense (26,903) (19,414)
Transaction and other income (expenses) [1] 49,157 (22,009)
Decommissioning Obligations [2] (855) (741)
Derivative fair value gain (loss) [3] (87,062) 58,937
Net cash (received) paid on settled derivative instruments [3] 3,494 12,323
Gain (loss) on debt extinguishment (60,256) 0
Non-cash equity-based compensation expense (2,754) (3,938)
Reportable segment | Operating Segments    
Segment Reporting Information [Line Items]    
Adjusted EBITDA 269,334 210,483
All Other | Operating Segments    
Segment Reporting Information [Line Items]    
Adjusted EBITDA [4] $ (9,872) $ (6,157)
[1] For the three months ended March 31, 2024, transaction expenses include $28.1 million in costs related to the QuarterNorth Acquisition, inclusive of $14.2 million in severance expense and $9.8 million in costs related to the TLCS Divestiture, inclusive of $3.7 million in severance expense. For the three months ended March 31, 2023, transaction expenses included $35.2 million in costs related to the EnVen Acquisition, inclusive of $22.6 million in severance expense. See further discussion in Note 2 — Acquisitions and Divestitures and Note 9 — Employee Benefits Plans and Share-Based Compensation. Other income (expense) includes other miscellaneous income and expenses that we do not view as a meaningful indicator of our operating performance. For the three months ended March 31, 2024, it includes a gain of $86.9 million related to the TLCS Divestiture. See further discussion in Note 2 — Acquisitions and Divestitures. For the three months ended March 31, 2023, it includes a $8.6 million gain on the funding of the capital carry of its investment in Bayou Bend by Chevron.
[2] Estimated decommissioning obligations were a result of working interest partners or counterparties of divestiture transactions that were unable to perform the required abandonment obligations due to bankruptcy or insolvency. See Note 13 — Commitments and Contingencies for additional information on decommissioning obligations.
[3] The adjustments for the derivative fair value (gains) losses and net cash receipts (payments) on settled commodity derivative instruments have the effect of adjusting net loss for changes in the fair value of derivative instruments, which are recognized at the end of each accounting period because we do not designate commodity derivative instruments as accounting hedges. This results in reflecting commodity derivative gains and losses within Adjusted EBITDA on an unrealized basis during the period the derivatives settled.
[4] The CCS Segment is included in the “All Other” category. The CCS Segment was an emerging business in the start-up phase of operations and the business did not generate any revenues. The CCS Segment’s business activities were conducted through both wholly owned subsidiaries and equity method investments with industry partners. CCS equity method investments was a business strategy that enabled us to achieve favorable economies of scale relative to the level of investment and business risk assumed.