Annual report [Section 13 and 15(d), not S-K Item 405]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow and Non-Cash Information (in thousands)
Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023
Supplemental disclosure of cash flow information:
Interest payments, net of amounts capitalized $ 47,758  $ 46,406  $ 53,820 
Cash payments (income taxes)
Federal taxes $ 1,200  $ —  $ — 
State taxes $ —  $ —  $ — 
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas, and natural gas liquids sales $ (28,707) $ (33,463) $ 155,925 
Accounts receivable - joint interest and other (555) 13,494  (743)
Accounts payable and accrued liabilities 8,193  4,067  (126,329)
Prepaid expenses (1,412) 667  (215)
Other assets 11  23  63 
Total changes in operating assets and liabilities, net $ (22,470) $ (15,212) $ 28,701 
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation $ 5,987  $ 5,397  $ 4,046 
Asset retirement obligation capitalized $ 559  $ 682  $ 588 
Asset retirement obligation removed due to divestiture and settlements $ (1,587) $ —  $ (1,267)
Asset retirement obligation revisions $ 9  $ 19  $ (5,077)
Release of common stock held in reserve $ —  $ 1,996  $ — 
Unamortized 2026 Senior Notes debt issuance costs $ —  $ 447  $ — 
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consisted of the following (in thousands):
December 31, 2025 December 31, 2024
Revenue payable and suspense $ 157,532  $ 139,703 
Accounts payable 53,107  34,668 
Accrued transportation, gathering, processing, and compression 38,544  36,170 
Accrued capital expenditures 30,873  20,229 
Other accrued liabilities 62,326  67,311 
Total accounts payable and accrued liabilities $ 342,382  $ 298,081