Quarterly report [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consisted of the following (in thousands):
June 30, 2025 December 31, 2024
Revenue payable and suspense $ 138,545  $ 139,703 
Accounts payable 58,998  34,668 
Accrued capital expenditures 47,312  20,229 
Accrued transportation, gathering, processing and compression 36,280  36,170 
Other accrued liabilities 54,496  67,311 
Total accounts payable and accrued liabilities $ 335,631  $ 298,081 
Schedule of Supplemental Cash and Non Cash Information
Supplemental Cash Flow and Non-Cash Information (in thousands)
Six Months Ended June 30, 2025 Six Months Ended June 30, 2024
Supplemental disclosure of cash flow information:
Interest payments, net of amounts capitalized $ 23,191  $ 28,263 
Income taxes paid $ 2,400  $ — 
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas, and natural gas liquid sales $ 27,328  $ 28,133 
Accounts receivable - joint interest and other (3,021) 1,011 
Accounts payable and accrued liabilities (17,329) (37,017)
Prepaid expenses (3,060) (649)
Other assets (41) 31 
Total changes in operating assets and liabilities, net $ 3,877  $ (8,491)
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation $ 3,105  $ 2,830 
Asset retirement obligation capitalized 222  375 
Asset retirement obligation removed due to settlements (1,030) — 
Release of common stock held in reserve —  1,996