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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of an initial $100 Investment:
Fiscal Year
Summary Compensation Table Total for PEO(1)
Compensation Actually Paid to PEO(1)(2)
Average Summary Compensation Table Total for Non-PEO NEOs(1)
Average Compensation Actually Paid to Non-PEO NEOs(1)(2)
Total Shareholder Return(3)
Peer Group Total Stockholder Return(3)
Net Income (loss) (in thousands)
Adjusted EBITDA(4) (in thousands)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2024$3,662,895$808,928$1,407,222$50,689$165$281$19,251$291,764
2023$3,392,101$1,507,729$2,816,354$1,479,732$257$285$37,400$268,257
2022$5,966,406$7,260,921$2,661,573$3,280,460$258$273$250,168$379,948
2021$4,994,569$11,467,497$2,673,776$5,105,323$236$171$(15,542)$212,146
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote NEOs included in these columns reflect the following individuals:
Year
PEO
Non-PEO NEOs
2024
Fernando Araujo
Michael Helm, Danielle Hunter, A. Trem Smith
2023
Fernando Araujo
Michael Helm, Danielle Hunter, A. Trem Smith
2022
A. Trem Smith
Cary Baetz, Fernando Araujo
2021
A. Trem Smith
Cary Baetz, Fernando Araujo
     
Peer Group Issuers, Footnote The values disclosed in the TSR column represent the measurement period value of an investment of $100 in our common stock and the values disclosed in the Peer Group TSR column represent the measurement period value of an investment of
$100 in our peer group. The peer group for purposes of this table is the Dow Jones US Exploration and Production Index, which is the same peer group we used in our Annual Report on Form 10-K for the year ended December 31, 2024.
     
PEO Total Compensation Amount $ 3,662,895 $ 3,392,101 $ 5,966,406 $ 4,994,569
PEO Actually Paid Compensation Amount $ 808,928 1,507,729 7,260,921 11,467,497
Adjustment To PEO Compensation, Footnote The Company deducted from and added to the Summary Compensation Table total compensation for the PEO and average Summary Compensation Table total compensation for the non-PEO NEOs the following amounts to calculate the CAP and average CAP in accordance with Item 402(v) of Regulation S-K as disclosed in columns (c) for the PEO and columns (e) for the non-PEO NEOs for the years ended December 31, 2021, 2022, 2023 and 2024. As the Company’s NEOs did not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table and average Summary Compensation Table totals related to the value of benefits under such plans.
Reconciliation of Summary Compensation Table Total to Compensation Actually Paid for PEO
Fiscal Year
2024 ($)
Fiscal Year 2023 ($)
Fiscal Year 2022 ($)
Fiscal Year 2021 ($)
Summary Compensation Table Total
$3,662,895 $3,392,101 $5,966,406 $4,994,569 
(Minus): Grant date fair value of equity awards granted in the fiscal year
(2,499,494)(2,288,176)(4,414,801)(3,397,949)
Plus: Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year
509,018 1,084,663 3,539,838 6,295,131 
Plus/(Minus): Change in fair value of outstanding and unvested equity awards granted in prior fiscal years
(643,531)(1,108,697)(232,056)3,086,869 
Plus: Fair value at vesting of equity awards granted and vested in the fiscal year
— — — — 
Plus/(Minus): Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in the fiscal year
(65,877)45,961 251,021 211,434 
(Minus): Fair value as of the prior fiscal year end of equity awards granted in prior fiscal years that failed to meet vesting conditions in the fiscal year
(171,503)— — — 
Plus: Value of dividend or other earnings paid on equity awards not otherwise reflected in total compensation
17,420 381,877 2,150,513 277,443 
Compensation actually paid
$808,928 $1,507,729 $7,260,921 $11,467,497 
For purposes of the above adjustments, the fair value of equity awards on the applicable date was determined in accordance with FASB’s ASC Topic 718, using valuation methodologies that are generally consistent with those used to determine the grant-date fair value for accounting purposes. The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table
     
Non-PEO NEO Average Total Compensation Amount $ 1,407,222 2,816,354 2,661,573 2,673,776
Non-PEO NEO Average Compensation Actually Paid Amount $ 50,689 1,479,732 3,280,460 5,105,323
Adjustment to Non-PEO NEO Compensation Footnote The Company deducted from and added to the Summary Compensation Table total compensation for the PEO and average Summary Compensation Table total compensation for the non-PEO NEOs the following amounts to calculate the CAP and average CAP in accordance with Item 402(v) of Regulation S-K as disclosed in columns (c) for the PEO and columns (e) for the non-PEO NEOs for the years ended December 31, 2021, 2022, 2023 and 2024. As the Company’s NEOs did not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table and average Summary Compensation Table totals related to the value of benefits under such plans.
Reconciliation of Average Summary Compensation Table Total to Average Compensation Actually Paid for Non-PEO NEOs
Fiscal Year
2024 ($)
Fiscal Year 2023 ($)Fiscal Year 2022 ($)Fiscal Year 2021($)
Summary Compensation Table Total$1,407,222 $2,816,354 $2,661,573 $2,673,776 
(Minus): Grant date fair value of equity awards granted in the fiscal year
(730,916)(893,025)(1,664,041)(1,581,803)
Plus: Fair value at fiscal year end of outstanding and unvested equity awards granted in the fiscal year
148,849 388,420 1,334,247 2,930,490 
Plus/(Minus): Change in fair value of outstanding and unvested equity awards granted in prior fiscal years
(204,659)(1,275,581)9,874 913,903 
Plus: Fair value at vesting of equity awards granted and vested in the fiscal year
— — — — 
Plus/(Minus): Change in fair value as of the vesting date of equity awards granted in prior fiscal years that vested in the fiscal year
(67,318)86,871 71,616 63,675 
(Minus): Fair value as of the prior fiscal year end of equity awards granted in prior fiscal years that failed to meet vesting conditions in the fiscal year
(405,421)— — — 
Plus: Value of dividends or other earnings paid on equity awards not otherwise reflected in total compensation
(97,068)356,693 867,191 105,282 
Compensation actually paid
$50,689 $1,479,732 $3,280,460 $5,105,323 
For purposes of the above adjustments, the fair value of equity awards on the applicable date was determined in accordance with FASB’s ASC Topic 718, using valuation methodologies that are generally consistent with those used to determine the grant-date fair value for accounting purposes. The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table
     
Compensation Actually Paid vs. Total Shareholder Return
Relationship between CAP vs. Cumulative TSR of Company and the Peer Group
The following chart illustrates the relationship between CAP for our PEO and the average CAP for our non-PEO NEOs against the Company’s TSR, as well as the relationship between our TSR and the TSR of our peer group:

CAP vs TSR.jpg
     
Compensation Actually Paid vs. Net Income
Relationship between CAP vs. Net Income
The following chart illustrates the relationship between CAP for our PEO and the average CAP for our non-PEO NEOs against the Company’s net income:

CAP vs Net Income.jpg
     
Compensation Actually Paid vs. Company Selected Measure
Relationship between CAP vs. Adjusted EBITDA
The following chart illustrates the relationship between CAP for our PEO and the average CAP for our non-PEO NEOs against the Company’s Adjusted EBITDA:
CAP vs Adjusted EBITDA.jpg
     
Total Shareholder Return Vs Peer Group
Relationship between CAP vs. Cumulative TSR of Company and the Peer Group
The following chart illustrates the relationship between CAP for our PEO and the average CAP for our non-PEO NEOs against the Company’s TSR, as well as the relationship between our TSR and the TSR of our peer group:

CAP vs TSR.jpg
     
Total Shareholder Return Amount $ 165 257 258 236
Peer Group Total Shareholder Return Amount 281 285 273 171
Net Income (Loss) $ 19,251,000 $ 37,400,000 $ 250,168,000 $ (15,542,000)
Company Selected Measure Amount 291,764,000 268,257,000 379,948,000 212,146,000
PEO Name Fernando Araujo Fernando Araujo A. Trem Smith A. Trem Smith
Additional 402(v) Disclosure
As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and the Company’s financial performance for each of 2021, 2022, 2023 and 2024. The table below summarizes the (i) compensation values reported in the Summary Compensation Table for our principal executive officer (“PEO”) and the average compensation values reported for our other non-PEO Named Executive Officers (“non-PEO NEOs”) as compared to the “Compensation Actually Paid” (“CAP”), calculated pursuant to the applicable rules and (ii) Company’s financial performance for the years ended December 31, 2024, 2023, 2022 and 2021.
The measures listed below represent the most important financial performance measures that we used to determine CAP for our NEOs for fiscal year 2024. For more details regarding the financial performance measures, please see the discussion above in our Compensation Discussion and Analysis.

Adjusted EBITDA
Adjusted Free Cash Flow
Adjusted G&A
Operating Expense
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description We selected Adjusted EBITDA as our Company-Selected Measure as it is the most important financial performance measure not otherwise required to be disclosed in the Pay Versus Performance table for the most recently completed year. Adjusted EBITDA represents earnings before interest expense; income taxes; depreciation, depletion, and amortization; derivative gains or losses net of cash received or paid for scheduled derivative settlements; impairments; stock compensation expense; and unusual and infrequent items. Please see “Non-GAAP Financial Measures and Reconciliations” in this Proxy Statement for more information.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Free Cash Flow      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted G&A      
Measure:: 4        
Pay vs Performance Disclosure        
Name Operating Expense      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (2,499,494) $ (2,288,176) $ (4,414,801) $ (3,397,949)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 509,018 1,084,663 3,539,838 6,295,131
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (643,531) (1,108,697) (232,056) 3,086,869
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (65,877) 45,961 251,021 211,434
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (171,503) 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 17,420 381,877 2,150,513 277,443
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (730,916) (893,025) (1,664,041) (1,581,803)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 148,849 388,420 1,334,247 2,930,490
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (204,659) (1,275,581) 9,874 913,903
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (67,318) 86,871 71,616 63,675
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (405,421) 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (97,068) $ 356,693 $ 867,191 $ 105,282