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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Oil and natural gas sales $ 91,310 $ 93,850
Operating costs and expenses:    
Lease operating expenses 13,772 8,412
Production and ad valorem taxes 5,717 5,175
Depletion and accretion expense 33,852 16,125
General and administrative expense 8,579 2,774
Total operating costs and expenses 61,920 32,486
Net operating income 29,390 61,364
Other income (expense):    
Gain (loss) on derivatives - commodity derivatives 13,323 (28,395)
Interest expense (339) (525)
Gain on derivatives - common stock warrants 5,278 0
Total other income (expense) 18,262 (28,920)
Income before income taxes 47,652 32,444
Income tax expense 10,786 0
Net income $ 36,866 $ 32,444
Net income per share:    
Basic (in dollars per share) $ 0.28 $ 0.24
Diluted (in dollars per share) $ 0.28 $ 0.24
Weighted-average number of shares outstanding:    
Weighted average common shares outstanding – basic (in shares) 133,002 132,923
Weighted average common shares outstanding – diluted (in shares) 133,002 132,923