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Subsequent Events | 6 Months Ended
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Jun. 30, 2024
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events •On July 29, 2024, the Company entered into a purchase and sale agreement to acquire certain producing assets and leasehold interests in the Western Anadarko Basin for cash consideration of $144 million, before customary purchase price adjustments, with an effective date of July 1, 2024. The Company also entered into a joint development agreement governing its participation in the future development of certain leasehold interests acquired in the acquisition. The transaction is expected to be funded with cash on hand and is targeted to close by the end of the third quarter of 2024. •Subsequent to June 30, 2024, the Company entered into the following oil and NGL derivative contracts:
Period |  | Type of Derivative Instrument |  | Index(1) |  | Daily Volume (Bbl) |  | Weighted Average Price Per Barrel
September 2024 - December 2024 |  | Swaps |  | Mont Belvieu OPIS |  | 400 |  |  | $ | 42.76 |
September 2024 - December 2024 |  | Swaps |  | NYMEX WTI |  | 900 |  |  | $ | 74.85 |
January 2025 - December 2025 |  | Swaps |  | Mont Belvieu OPIS |  | 300 |  |  | $ | 39.69 |
January 2025 - December 2025 |  | Swaps |  | NYMEX WTI |  | 500 |  |  | $ | 71.60 |
January 2026 - June 2026 |  | Swaps |  | NYMEX WTI |  | 300 |  |  | $ | 68.67 |
(1) NGL swaps exclude ethane
•On August 6, 2024, the Board declared a cash dividend of $0.11 per share of the Company’s common stock, payable on August 30, 2024 to shareholders of record on August 16, 2024.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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