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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 75,443 $ 77,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Exploratory well costs and lease expirations 212 404
Depletion, depreciation, amortization and accretion 65,915 55,971
Impairment of oil and natural gas properties 1,214 0
Other impairments 0 30,158
Gain on derivatives, net (14,790) (6,781)
Settlements on derivative contracts 8,529 (910)
Amortization of deferred financing costs and discount 3,570 3,975
Share-based compensation expense 6,742 6,693
Deferred income tax expense 9,371 8,732
Loss from equity method investment 267 235
Other (8) 0
Changes in operating assets and liabilities    
Accounts receivable, net 12,075 (5,908)
Prepaid expenses (541) (438)
Inventory (1,765) (1,114)
Other non-current assets, net (1,307) (1,235)
Accounts payable and accrued liabilities (5,335) 1,790
Revenue payable 3,722 2,959
Other current liabilities (15,643) 7,396
Net Cash Provided by Operating Activities 147,671 179,896
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (55,230) (76,372)
Additions to midstream property and equipment (20,428) 0
Additions to other property and equipment (1,237) (694)
Net assets acquired in business combination (117,827) 0
Acquisitions of oil and natural gas properties (2,161) (19,597)
Contributions to equity method investment (14,750) (16,662)
Funds held in escrow (1,196) 0
Net Cash Used in Investing Activities (212,829) (113,325)
Cash Flows from Financing Activities:    
Deferred financing costs (243) (80)
Proceeds from Credit Facility 155,000 15,000
Repayments under Credit Facility (45,000) (70,000)
Repayments of Senior Notes (15,000) (15,000)
Payment of common share dividends (24,840) (22,839)
Proceeds from issuance of common shares, net 0 25,415
Common stock repurchased for tax withholding (1,424) (1,064)
Net Cash (Used in) Provided by Financing Activities 68,493 (68,568)
Net Increase (Decrease) in Cash 3,335 (1,997)
Cash, Beginning of Period 13,124 15,319
Cash, End of Period 16,459 13,322
Cash Paid For:    
Interest, net of capitalized interest 21,072 24,709
Income taxes, net of refunds 16,184 16,043
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities (1,842) (790)
Transfer of inventory to oil and natural gas properties 2,349 0
Revisions in asset retirement obligations 7,724 0
Right-of-use assets obtained in exchange for operating lease liability 2,948 632
Asset retirement obligations assumed in acquisitions 19,284 9,727
Fair value of contingent consideration transferred in business combination $ 3,100 $ 0