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Segments
 3 Months Ended
Mar. 31, 2026
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,
20262025
(In thousands)
Total Revenues
$113,881 $102,457 
Less:
Lease operating expenses
24,071 18,331 
Production and ad valorem taxes
9,032 6,670 
Exploration costs
967 9 
Depletion, depreciation, amortization and accretion
25,720 19,138 
Administrative Costs
8,120 7,438 
Stock-based compensation expense
2,301 1,369 
Interest expense, net of capitalized interest(1)
6,532 6,791 
Interest income
(175)(130)
Loss on derivatives, net126,970 5,850 
Loss from equity method investment368 119 
Loss on acquisitions and divestitures, net
2,697 — 
Income tax (benefit) expense
(22,288)8,239 
Segment net income (loss)(2)
$(70,434)$28,633 
Total assets$1,180,081 $994,944 
Capital expenditures(3)
$47,087 $24,000 
Equity method investment$39,820 $28,942 
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(1)Interest expense is shown gross of or prior to the effect of interest income.
(2)There are no reconciling items between net income (loss) presented in our accompanying condensed consolidated statements of operations and segment net income (loss).
(3)Capital expenditures are accrual (activity-based) before acquisitions.