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Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Accounts Receivable
Accounts receivable, net is summarized below:
March 31, 2026December 31, 2025
(In thousands)
Oil, natural gas and NGL sales$50,196 $31,037 
Joint interest accounts receivable7,031 6,291 
Allowance for credit losses(614)(601)
Other accounts receivable16 4,318 
Total accounts receivable, net
$56,629 $41,045 
Schedule of Other Property and Equipment
Other property and equipment, net is summarized below:
March 31, 2026December 31, 2025
(In thousands)
Furniture, fixtures and other
7,983 7,583 
Land
18,526 17,983 
Other property and equipment
$26,509 $25,566 
Accumulated depreciation and amortization
(3,725)(3,694)
Total other property and equipment, net
$22,784 $21,872 
Schedule of Other Non-Current Assets, Net
Other non-current assets, net consisted of the following:
March 31, 2026December 31, 2025
(In thousands)
Deferred financing costs, net (1)
$3,751 $4,064 
Right of use assets3,353 3,323 
Prepaid capital expenditures661 2,116 
Deposits
4,343 4,846 
Other1,550 1,550 
Total other non-current assets, net$13,658 $15,899 
_____________________
(1)Deferred financing costs, net reflects costs associated with the Company's Credit Facility which are amortized over the term of the Credit Facility.
Schedule of Accrued Liabilities
Accrued liabilities consisted of the following:
March 31, 2026December 31, 2025
(In thousands)
Accrued capital expenditures$21,162 $12,125 
Accrued lease operating expenses7,561 7,160 
Accrued general and administrative costs13,672 11,403 
Accrued inventory
— 1,123 
Accrued ad valorem tax1,302 5,277 
Other accrued expenditures680 602 
Total accrued liabilities$44,377 $37,690 
Schedule of Other Current Liabilities
Other current liabilities consisted of the following:
March 31, 2026December 31, 2025
(In thousands)
Advances from joint interest owners$16,532 $4,451 
Income taxes payable13,196 22,175 
Current ARO liabilities3,987 3,455 
Current portion of earnout payments4,547 1,040 
Other3,177 2,968 
Total other current liabilities
$41,439 $34,089 
Schedule of Asset Retirement Obligations
Components of the changes in ARO for the three months ended March 31, 2026, and the year ended December 31, 2025, are shown below:
March 31, 2026December 31, 2025
(In thousands)
ARO, beginning balance$63,432 $35,268 
Liabilities incurred27 143 
Liabilities assumed in acquisitions— 19,284 
Liabilities removed upon sale
(71)(88)
Revision of estimated obligations— 7,724 
Liability settlements
(1,245)(2,591)
Accretion1,270 3,692 
ARO, ending balance$63,413 $63,432 
Less: current ARO (1)
(3,987)(3,455)
ARO, long-term$59,426 $59,977 
_____________________
(1)Current ARO is included within other current liabilities in our accompanying condensed consolidated balance sheets.
Schedule of Disaggregation of Revenue
The following table presents oil and natural gas sales, net disaggregated by product:
Three Months Ended March 31,
20262025
(In thousands)
Oil and natural gas sales:
Oil sales, net
$124,968 $98,592 
Natural gas sales, net
(6,359)1,584 
NGL sales, net
(4,728)2,281 
Total oil and natural gas sales, net (1)
$113,881 $102,457 
_____________________
(1) The Company's oil, natural gas and NGL sales are presented net of GP&T costs. These costs, related to natural gas and NGLs, at times exceeded the price received and resulted in negative average realized prices.