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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 73,566 $ 91,204
Adjustments to reconcile net income to net cash provided by operating activities:    
Oil and natural gas lease expirations 619 1,465
Depletion, depreciation, amortization and accretion 46,390 22,167
(Gain) loss on derivatives 20,925 44,395
Settlements on derivative contracts (13,660) (61,198)
Amortization of deferred financing costs and discount 2,470 548
Share-based compensation expense 3,594 2,684
Deferred income tax expense 17,602 23,202
Other 188 0
Changes in operating assets and liabilities    
Accounts receivable (19,771) (9,461)
Prepaid expenses and other current assets (2,216) 1,513
Accounts payable and accrued liabilities 6,720 5,710
Inventory (2,108) 286
Revenue payable 9,423 6,398
Other current liabilities (2,370) 1,439
Net Cash Provided by Operating Activities 141,372 130,352
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (114,298) (82,101)
Net assets acquired in business combination (324,686) 0
Acquisitions of oil and natural gas properties (5,443) 0
Contributions to equity method investment (3,566) 0
Additions to other property and equipment (499) (1,081)
Net Cash Used in Investing Activities (448,492) (83,182)
Cash Flows from Financing Activities:    
Deferred financing costs (6,250) (1,722)
Proceeds from revolving credit facility 178,000 4,000
Repayments under revolving credit facility (24,000) (21,000)
Proceeds from Senior Notes, net of discount 188,000 0
Repayments of Senior Notes (10,000) 0
Payment of common share dividends (20,173) (18,257)
Proceeds from issuance of common stock, net of issuance costs 87 0
Common stock repurchased for tax withholding (1,479) (600)
Net Cash Provided by (Used in) Financing Activities 304,185 (37,579)
Net Increase (Decrease) in Cash and Cash Equivalents (2,935) 9,591
Cash and Cash Equivalents, Beginning of Period 13,301 8,317
Cash and Cash Equivalents, End of Period 10,366 17,908
Cash Paid For:    
Interest, net of capitalized interest 18,140 1,866
Income taxes 4,633 0
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities (9,662) 11,971
Right of use assets obtained in exchange for operating lease liability (517) 1,624
Assets contributed to equity method investment 2,272 0
Asset retirement obligations assumed in acquisitions $ 19,359 $ 0