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

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details)

v3.25.4
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating loss carryforward and tax credits $ 330,805 $ 345,770
Oil and gas property basis difference 123,496 194,412
Investment in pass through entities 65,385 65,210
Stock-based compensation expense 2,223 1,821
Change in fair value of derivative instruments 0 6,106
Other assets 33,491 56,849
Total deferred tax assets 555,400 670,168
Valuation allowance for deferred tax assets (82,637) (83,695)
Deferred tax assets, net of valuation allowance 472,763 586,473
Deferred tax liabilities:    
Change in fair value of derivative instruments 6,232 3,401
Right of use asset 118 1,281
Other 675 558
Total deferred tax liabilities 7,025 5,240
Net deferred tax asset $ 465,738 $ 581,233