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Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents consolidated net income, the significant measure of profit and loss used by the CODM, as well as total assets, capital expenditures, and our equity method investment for the Company's single reportable segment:

			Year Ended December 31,
			2024						2023
			(In thousands)
Total Revenues			$	410,181					$	375,047
Less:
Lease operating expenses			71,463						58,817
Production and ad valorem taxes			29,428						25,559
Exploration costs			2,595						4,165
Depletion, depreciation, amortization and accretion			74,900						65,055
Impairment of oil and natural gas properties			11,317						9,760
Other impairments			30,158						—
Administrative Costs			26,551						26,569
Share-based compensation expense			8,138						6,833
Other segment items(1)			1,936						6,396
Interest expense, net of capitalized interest(2)			35,204						32,049
Interest income			(866)						(233)
(Gain) loss on derivatives, net			1,665						(6,193)
Loss from equity method investment			721						218
Income tax expense			28,074						34,461
Segment net income(3)			$	88,897					$	111,591
Total assets			$	993,501					$	945,711
Capital expenditures			$	108,320					$	135,804
Equity method investment			$	22,811					$	5,620

_____________________

(1)Other segment items include transaction costs and cost of contract services - related parties.

(2)Interest expense is shown gross of, or prior to the effect of interest income.

(3)There are no reconciling items between net income presented in our consolidated statements of operations and segment net income.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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