Quarterly report [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025 December 31, 2024
Revenue payable and suspense $ 146,332  $ 139,703 
Accounts payable 52,596  34,668 
Accrued capital expenditures 59,544  20,229 
Accrued transportation, gathering, processing and compression 33,676  36,170 
Other accrued liabilities 42,205  67,311 
Total accounts payable and accrued liabilities $ 334,353  $ 298,081 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow and Non-Cash Information (in thousands)
Three Months Ended March 31, 2025 Three Months Ended March 31, 2024
Supplemental disclosure of cash flow information:
Interest payments, net of amounts capitalized $ 21,059  $ 3,124 
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas and natural gas liquid sales $ (2,118) $ 37,457 
Accounts receivable - joint interest and other (20) (4,145)
Accounts payable and accrued liabilities (27,674) (16,656)
Prepaid expenses 485  299 
Other assets (33) (1)
Total changes in operating assets and liabilities, net $ (29,360) $ 16,954 
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation $ 1,498  $ 1,183 
Asset retirement obligation capitalized 53  214 
Asset retirement obligation removed due to settlements (815) — 
Release of common stock held in reserve —  1,996