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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Gain (Loss) on Derivatives | The following table summarizes components of the Company's gain on derivatives, net by type of derivative instrument for the periods presented:
|  | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Commodity |  | $ | 62,778 |  |  | $ | 237,103 |  |  | $ | 167,027 |  |  | $ | 90,693 |
Contingent consideration |  | (6,709) |  |  | (10,550) |  |  | 2,206 |  |  | (8,629) |
Gain (loss) on derivatives, net |  | $ | 56,069 |  |  | $ | 226,553 |  |  | $ | 169,233 |  |  | $ | 82,064 |
Schedule of Open Commodity Derivative Positions | The following table summarizes open commodity derivative positions as of September 30, 2025, for commodity derivatives that were entered into through September 30, 2025, for the settlement periods presented:
|  | Remaining Year 2025 |  | Year 2026 |  | Year 2027
Oil: |  |  |  |  |  |
WTI NYMEX - Swaps: |  |  |  |  |  |
Volume (Bbl) |  | 6,053,600 |  |  | 13,306,500 |  |  | 3,285,000 |
Weighted-average price ($/Bbl) |  | $ | 67.75 |  |  | $ | 64.02 |  |  | $ | 61.07 |
WTI NYMEX - Collars: |  |  |  |  |  |
Volume (Bbl) |  | — |  |  | 1,086,000 |  |  | — |
Weighted-average floor price ($/Bbl) |  | $ | — |  |  | $ | 60.00 |  |  | $ | — |
Weighted-average ceiling price ($/Bbl) |  | $ | — |  |  | $ | 71.02 |  |  | $ | — |
NGL: |  |  |  |  |  |
Non-TET Propane - Swaps: |  |  |  |  |  |
Volume (Bbl) |  | 874,000 |  |  | — |  |  | — |
Weighted-average price ($/Bbl) |  | $ | 34.16 |  |  | $ | — |  |  | $ | — |
Non-TET Ethane - Swaps: |  |  |  |  |  |
Volume (Bbl) |  | 1,104,000 |  |  | — |  |  | — |
Weighted-average price ($/Bbl) |  | $ | 11.04 |  |  | $ | — |  |  | $ | — |
Natural gas: |  |  |  |  |  |
Waha Inside FERC - Swaps: |  |  |  |  |  |
Volume (MMBtu) |  | 15,034,000 |  |  | 55,480,000 |  |  | 43,800,000 |
Weighted-average price ($/MMBtu) |  | $ | 2.32 |  |  | $ | 2.41 |  |  | $ | 2.70 |
Waha Inside FERC to Henry Hub NYMEX - Basis Swaps: |  |  |  |  |  |
Volume (MMBtu) |  | — |  |  | — |  |  | 14,600,000 |
Weighted-average differential ($/MMBtu) |  | $ | — |  |  | $ | — |  |  | $ | (0.97) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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