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Acquisitions and Divestitures
 6 Months Ended
Jun. 30, 2025
Oil and Gas, Joint Interest Billing, Receivable [Abstract]  
Acquisitions and Divestitures Acquisitions and Divestitures
Asset Acquisitions
During the six months ended June 30, 2025 and 2024, the Company acquired various oil and natural gas properties. The following table presents the cumulative adjusted purchase price of transactions accounted for as asset acquisitions in accordance with ASC Topic 805, Business Combinations (“ASC 805”) by basin included in oil and gas properties on the Company’s condensed consolidated balance sheets:
Six Months Ended June 30,
(in thousands)20252024
Permian$33,986 $15,486 
DJ— 5,325 
Appalachian10,445 1,188 
Total$44,431 $21,999 
In addition, during the six months ended June 30, 2024, the Company recorded closing adjustments that reduced the acquisition price of business combinations completed during 2023 by $1.1 million.
During the six months ended June 30, 2025 and 2024, the Company divested of certain proved and unproved properties for total proceeds of $0.2 million and $2.9 million, respectively. During the six months ended June 30, 2025, proceeds from the divested unproved properties of $0.1 million resulted in a gain on sale, which is included in other, net in the condensed consolidated statements of operations.