v3.23.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash Flows from Operating Activities              
Net Income $ 167,815 $ 340,191 $ 251,264 $ (206,560) $ 508,006 $ 44,704  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:              
Depletion, Depreciation, Amortization, and Accretion         201,045 107,980  
Amortization of Debt Issuance Costs         3,650 2,169  
Gain on Extinguishment of Debt 0   (236)   (659) (236)  
Amortization of Bond Premium/Discount on Long-term Debt         (901) (1,066)  
Deferred Income Taxes         38,813 143  
Unrealized (Gain) Loss of Derivative Instruments         (169,473) 328,296  
Gain on Contingent Consideration (3,931)   0   (10,107) 0  
Loss on Disposal of Fixed Assets         0 185  
Stock-Based Compensation Expense         3,190 2,867  
Other         2,983 2,165  
Changes in Working Capital and Other Items:              
Accounts Receivable, Net         6,688 (164,822)  
Prepaid and Other Expenses         (473) (1,692)  
Accounts Payable         (15,514) 41,294  
Accrued Interest         4,401 502  
Accrued Liabilities and Expenses         5,445 1,784  
Net Cash Provided by Operating Activities         577,094 364,273  
Cash Flows from Investing Activities              
Capital Expenditures on Oil and Natural Gas Properties         (833,377) (524,223)  
Acquisition Deposit         (37,500) (17,000)  
Purchases of Other Property and Equipment         (503) (4,554)  
Net Cash Used for Investing Activities         (871,380) (545,777)  
Cash Flows from Financing Activities              
Advances on Revolving Credit Facility         380,000 561,000  
Repayments on Revolving Credit Facility         (699,000) (249,000)  
Issuance of Senior Notes Due 2031         492,840 0  
Debt Issuance Costs Paid         (8,524) (6,051)  
Issuance of Common Stock         224,682 0  
Repurchases of Common Stock         (8,004) (12,809)  
Repurchases of Preferred Stock         0 (81,236)  
Restricted Stock Surrenders - Tax Obligations         (2,616) (2,206)  
Preferred Dividends Paid         0 (5,911)  
Common Dividends Paid         (54,377) (16,956)  
Net Cash Provided by Financing Activities         306,564 173,456  
Net Increase (Decrease) in Cash and Cash Equivalents         12,278 (8,048)  
Cash and Cash Equivalents - Beginning of Period   $ 2,528   $ 9,519 2,528 9,519 $ 9,519
Cash and Cash Equivalents - End of Period $ 14,805   $ 1,471   14,805 1,471 $ 2,528
Senior Notes due 2028              
Cash Flows from Financing Activities              
Repurchase of Senior Notes Due 2028         $ (18,436) $ (13,375)  

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