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Segments
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segments Segments
The Company’s oil and gas exploration and production activities are solely focused in the U.S. For financial reporting purposes, the Company aggregates our operating segments into one reporting segment due to the similar nature of these operations.
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:
Three Months Ended March 31,
20252024
(In thousands)
Total Revenues
$102,457 $99,744 
Less:
Lease operating expenses
18,331 16,769 
Production and ad valorem taxes
6,670 7,231 
Exploration costs
9 4 
Depletion, depreciation, amortization and accretion
19,138 17,779 
Administrative Costs
7,438 5,339 
Share-based compensation expense
1,369 1,692 
Other segment items(1)
— 363 
Interest expense, net of capitalized interest(2)
6,791 9,274 
Interest income
(130)(207)
Loss on derivatives, net5,850 17,077 
(Income) loss from equity method investment119 (167)
Income tax expense
8,239 5,832 
Segment net income(3)
$28,633 $18,758 
Total assets$994,944 $956,366 
Capital expenditures$24,000 $26,182 
Equity method investment$28,942 $11,406 
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(1)Other segment items include 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 accompanying condensed consolidated statements of operations and segment net income.