v3.23.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales Oil and Gas Sales
Gain (Loss) on Commodity Derivatives, Net $ 153,656 $ (489,388)
Total Revenues 582,214 (32,930)
Operating Expenses    
Production Expenses 78,088 54,540
Production Taxes 34,918 34,616
General and Administrative Expenses 13,000 13,813
Depletion, Depreciation, Amortization and Accretion 94,618 53,185
Other Expenses 1,001 0
Total Operating Expenses 221,625 156,154
Income (Loss) From Operations 360,589 (189,084)
Other Income (Expense)    
Interest Expense, Net of Capitalization (30,143) (17,977)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net (1,017) 1,290
Gain on Extinguishment of Debt, Net 659 0
Contingent Consideration Gain 6,176 0
Other Income (Expense) 4,619 0
Total Other Income (Expense) (19,706) (16,687)
Income (Loss) Before Income Taxes 340,883 (205,771)
Income Tax Provision (Benefit) 692 789
Net Income (Loss) 340,191 (206,560)
Cumulative Preferred Stock Dividend 0 (3,016)
Premium on Repurchase of Preferred Stock 0 (14,957)
Net Income (Loss) Attributable to Common Stockholders $ 340,191 $ (224,533)
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 4.01 $ (2.92)
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ 3.98 $ (2.92)
Weighted Average Common Shares Outstanding – Basic (in shares) 84,915,729 76,922,543
Weighted Average Common Shares Outstanding - Diluted (in shares) 85,407,197 76,922,543
Oil and Gas Sales    
Revenues    
Oil and Gas Sales $ 426,234 $ 456,458
Other Revenues    
Revenues    
Oil and Gas Sales $ 2,324 $ 0

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