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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 36,866 $ 32,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and accretion expense 33,852 16,125
(Gain) loss on derivatives - commodity derivatives (13,323) 28,395
Net cash receipts from (payments on) commodity derivatives 6,386 (7,775)
Stock-based compensation 1,059 0
Amortization of deferred financing costs 163 10
Gain on derivatives - common stock warrants (5,278) 0
Deferred income taxes 9,964 0
Other (137) 0
Increase (decrease) in cash attributable to changes in operating assets and liabilities:    
Revenue receivable 6,433 (14,019)
Accrued expenses 4,609 670
Prepaid and other expenses 65 53
Other payable 815 161
Net cash provided by operating activities 81,474 56,064
Investing activities:    
Capital expenditures for oil and natural gas properties (105,556) (39,836)
Acquisition of oil and natural gas properties (24,370) (5,517)
Refund of advances to operators 0 750
Proceeds from the disposal of oil and natural gas properties 0 748
Net cash used in investing activities (129,926) (43,855)
Financing activities:    
Proceeds from borrowing on credit facilities 25,000 5,000
Repayments of borrowing on credit facilities 0 (9,400)
Cash contributions 0 84
Payment of expenses related to formation of Granite Ridge Resources, Inc. (43) 0
Purchase of treasury shares (1,768) 0
Payment of dividends (14,640) 0
Net cash provided by (used in) financing activities 8,549 (4,316)
Net change in cash and restricted cash (39,903) 7,893
Cash and restricted cash at beginning of period 51,133 12,154
Cash and restricted cash at end of period 11,230 20,047
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 148 17
Cash paid during the period for income taxes 33 0
Supplemental disclosure of non-cash investing activities:    
Oil and natural gas property development costs in accrued expenses 3,412 10,413
Advances to operators applied to development of oil and natural gas properties 26,299 21,910
Cash and restricted cash:    
Cash 10,930 19,747
Restricted cash included in other long-term assets 300 300
Cash and restricted cash $ 11,230 $ 20,047