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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Oil and natural gas sales $ 94,075 $ 108,404 $ 273,723 $ 287,271
Operating costs and expenses:        
Lease operating expenses 13,026 16,935 42,174 45,113
Production and ad valorem taxes 6,345 7,790 18,975 19,810
Depletion and accretion expense 44,149 44,267 126,682 113,088
Impairments of unproved properties 0 0 732 0
Exploration expense 283 1,560 283 1,560
General and administrative (including non-cash stock-based compensation of $588 and $1,683 for the three and nine months ended September 30, 2024) 5,590 5,249 18,705 21,839
Total operating costs and expenses 69,393 75,801 207,551 201,410
Net operating income 24,682 32,603 66,172 85,861
Other income (expense):        
Gain (loss) on derivatives - commodity derivatives 11,841 (8,129) 7,895 6,415
Interest expense (4,820) (1,356) (13,797) (2,906)
Loss on derivatives - common stock warrants 0 (8) 0 (5,742)
Loss on equity investments (18,320) 0 (19,315) 0
Dividend income 0 0 269 0
Other 1 0 2 0
Total other income (expense) (11,298) (9,493) (24,946) (2,233)
Income before income taxes 13,384 23,110 41,226 83,628
Income tax expense 4,330 5,153 10,845 20,068
Net income $ 9,054 $ 17,957 $ 30,381 $ 63,560
Net income per share:        
Basic (in dollars per share) $ 0.07 $ 0.13 $ 0.23 $ 0.48
Diluted (in dollars per share) $ 0.07 $ 0.13 $ 0.23 $ 0.48
Weighted-average number of shares outstanding:        
Weighted average common shares outstanding – basic (in shares) 130,204 134,396 130,182 133,426
Weighted average common shares outstanding – diluted (in shares) 130,242 134,421 130,219 133,440