Kosmos Energy (KOS) 10-Q 6 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 02, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-35167
Entity Registrant Name	Kosmos Energy Ltd.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-0686001
Entity Address, Address Line One	8176 Park Lane
Entity Address, City or Town	Dallas,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75231
Title of 12(b) Security	Common Stock $0.01 par value
Trading Symbol	KOS
Security Exchange Name	NYSE
Country Region	+1
City Area Code	214
Local Phone Number	445 9600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		460,129,711
Entity Central Index Key	0001509991
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 138,742	$ 183,405
Receivables
Joint interest billings, net	29,851	28,851
Oil sales	71,700	67,483
Other	17,016	23,401
Inventories	155,011	133,515
Prepaid expenses and other	49,476	24,722
Derivatives	0	7,344
Total current assets	461,796	468,721
Property and equipment:
Oil and gas properties, net	4,174,239	3,837,437
Other property, net	5,730	5,210
Property and equipment, net	4,179,969	3,842,647
Other assets:
Restricted cash	3,416	3,416
Long-term receivables	297,327	235,696
Deferred financing costs, net of accumulated amortization of $15,003 and $13,263 at September 30, 2023 and December 31, 2022, respectively	2,900	4,640
Deferred tax assets	2,664	0
Derivatives	698	1,725
Other	20,631	23,143
Total assets	4,969,401	4,579,988
Current liabilities:
Accounts payable	199,031	212,275
Accrued liabilities	338,790	325,206
Current maturities of long-term debt	0	30,000
Derivatives	26,597	6,773
Total current liabilities	564,418	574,254
Long-term liabilities:
Long-term debt, net	2,389,197	2,195,911
Derivatives	2,402	778
Asset retirement obligations	330,102	300,800
Deferred tax liabilities	433,628	468,445
Other long-term liabilities	249,985	251,952
Total long-term liabilities	3,405,314	3,217,886
Stockholders’ equity:
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at September 30, 2023 and December 31, 2022	0	0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 504,372,666 and 500,161,421 issued at September 30, 2023 and December 31, 2022, respectively	5,044	5,002
Additional paid-in capital	2,525,634	2,505,694
Accumulated deficit	(1,294,002)	(1,485,841)
Treasury stock, at cost, 44,263,269 shares at September 30, 2023 and December 31, 2022, respectively	(237,007)	(237,007)
Total stockholders’ equity	999,669	787,848
Total liabilities and stockholders’ equity	$ 4,969,401	$ 4,579,988

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Deferred financing costs, accumulated amortization	$ 15,003	$ 13,263
Preference shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preference shares, authorized shares (in shares)	200,000,000	200,000,000
Preference shares, issued shares (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized shares (in shares)	2,000,000,000	2,000,000,000
Common shares, issued shares (in shares)	504,372,666	500,161,421
Treasury stock shares (in shares)	44,263,269	44,263,269

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues and other income:
Oil and gas revenue	$ 526,348			$ 456,056			$ 1,193,843	$ 1,735,439
Gain on sale of assets	0			0			0	471
Other income, net	198			48			(115)	143
Total revenues and other income	526,546			456,104			1,193,728	1,736,053
Costs and expenses:
Oil and gas production	138,782			62,372			286,297	277,264
Facilities insurance modifications, net	0			494			0	7,246
Exploration expenses	10,290			17,215			33,305	118,656
General and administrative	25,120			24,007			77,731	74,424
Depletion, depreciation and amortization	132,347			106,313			331,634	386,961
Interest and other financing costs, net	25,440			29,796			74,379	92,317
Derivatives, net	45,971			(113,842)			42,162	243,534
Other expenses, net	11,055			(218)			17,864	(1,320)
Total costs and expenses	389,005			126,137			863,372	1,199,082
Income before income taxes	137,541			329,967			330,356	536,971
Income tax expense	52,356			107,713			138,517	196,144
Net income	$ 85,185	$ 23,345	$ 83,309	$ 222,254	$ 117,173	$ 1,400	$ 191,839	$ 340,827
Net income per share:
Basic (in dollars per share)	$ 0.19			$ 0.49			$ 0.42	$ 0.75
Diluted (in dollars per share)	$ 0.18			$ 0.47			$ 0.40	$ 0.72
Weighted average number of shares used to compute net income per share:
Basic (in shares)	460,108			455,840			459,477	455,158
Diluted (in shares)	481,099			476,431			479,738	474,820

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock
Balance at the beginning (in shares) at Dec. 31, 2021		496,152
Balance at the beginning at Dec. 31, 2021	$ 529,237	$ 4,962	$ 2,473,674	$ (1,712,392)	$ (237,007)
Increase (Decrease) in Shareholders' Equity
Dividends	12		12
Equity-based compensation	8,425		8,425
Restricted stock units (in shares)		3,377
Restricted stock units	0	$ 33	(33)
Tax withholdings on restricted stock units	(2,753)		(2,753)
Net income	1,400			1,400
Balance at the end (in shares) at Mar. 31, 2022		499,529
Balance at the end at Mar. 31, 2022	536,321	$ 4,995	2,479,325	(1,710,992)	(237,007)
Balance at the beginning (in shares) at Dec. 31, 2021		496,152
Balance at the beginning at Dec. 31, 2021	529,237	$ 4,962	2,473,674	(1,712,392)	(237,007)
Increase (Decrease) in Shareholders' Equity
Net income	340,827
Balance at the end (in shares) at Sep. 30, 2022		500,105
Balance at the end at Sep. 30, 2022	893,491	$ 5,001	2,497,062	(1,371,565)	(237,007)
Balance at the beginning (in shares) at Mar. 31, 2022		499,529
Balance at the beginning at Mar. 31, 2022	536,321	$ 4,995	2,479,325	(1,710,992)	(237,007)
Increase (Decrease) in Shareholders' Equity
Dividends	(14)		(14)
Equity-based compensation	8,886		8,886
Restricted stock units (in shares)		487
Restricted stock units	0	$ 5	(5)
Net income	117,173			117,173
Balance at the end (in shares) at Jun. 30, 2022		500,016
Balance at the end at Jun. 30, 2022	662,366	$ 5,000	2,488,192	(1,593,819)	(237,007)
Increase (Decrease) in Shareholders' Equity
Equity-based compensation	8,871		8,871
Restricted stock units (in shares)		89
Restricted stock units	0	$ 1	(1)
Net income	222,254			222,254
Balance at the end (in shares) at Sep. 30, 2022		500,105
Balance at the end at Sep. 30, 2022	893,491	$ 5,001	2,497,062	(1,371,565)	(237,007)
Balance at the beginning (in shares) at Dec. 31, 2022		500,161
Balance at the beginning at Dec. 31, 2022	787,848	$ 5,002	2,505,694	(1,485,841)	(237,007)
Increase (Decrease) in Shareholders' Equity
Equity-based compensation	10,093		10,093
Restricted stock units (in shares)		3,691
Restricted stock units	0	$ 37	(37)
Tax withholdings on restricted stock units	(11,810)		(11,810)
Net income	83,309			83,309
Balance at the end (in shares) at Mar. 31, 2023		503,852
Balance at the end at Mar. 31, 2023	869,440	$ 5,039	2,503,940	(1,402,532)	(237,007)
Balance at the beginning (in shares) at Dec. 31, 2022		500,161
Balance at the beginning at Dec. 31, 2022	787,848	$ 5,002	2,505,694	(1,485,841)	(237,007)
Increase (Decrease) in Shareholders' Equity
Net income	191,839
Balance at the end (in shares) at Sep. 30, 2023		504,373
Balance at the end at Sep. 30, 2023	999,669	$ 5,044	2,525,634	(1,294,002)	(237,007)
Balance at the beginning (in shares) at Mar. 31, 2023		503,852
Balance at the beginning at Mar. 31, 2023	869,440	$ 5,039	2,503,940	(1,402,532)	(237,007)
Increase (Decrease) in Shareholders' Equity
Dividends	(1)		(1)
Equity-based compensation	11,121		11,121
Restricted stock units (in shares)		493
Restricted stock units	0	$ 4	(4)
Tax withholdings on restricted stock units	(1)		(1)
Net income	23,345			23,345
Balance at the end (in shares) at Jun. 30, 2023		504,345
Balance at the end at Jun. 30, 2023	903,904	$ 5,043	2,515,055	(1,379,187)	(237,007)
Increase (Decrease) in Shareholders' Equity
Equity-based compensation	10,580		10,580
Restricted stock units (in shares)		28
Restricted stock units		$ 1	(1)
Net income	85,185			85,185
Balance at the end (in shares) at Sep. 30, 2023		504,373
Balance at the end at Sep. 30, 2023	$ 999,669	$ 5,044	$ 2,525,634	$ (1,294,002)	$ (237,007)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 191,839	$ 340,827
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion, depreciation and amortization (including deferred financing costs)	339,177	394,799
Deferred income taxes	(37,481)	(37,445)
Unsuccessful well costs and leasehold impairments	2,244	83,086
Change in fair value of derivatives	52,467	257,112
Cash settlements on derivatives, net (including $(12.3) million and $(289.9) million on commodity hedges during 2023 and 2022)	(21,478)	(304,328)
Equity-based compensation	31,778	25,896
Gain on sale of assets	0	(471)
Loss on extinguishment of debt	1,503	192
Other	2,547	(5,940)
Changes in assets and liabilities:
(Increase) decrease in receivables	(5,766)	54,035
(Increase) in inventories	(26,847)	(4,377)
(Increase) in prepaid expenses and other	(22,920)	(5,704)
Increase (decrease) in accounts payable	(13,244)	64,216
Increase (decrease) in accrued liabilities	(22,425)	1,338
Net cash provided by operating activities	471,394	863,236
Investing activities
Oil and gas assets	(611,914)	(543,349)
Acquisition of oil and gas properties	0	(21,205)
Proceeds on sale of assets	0	118,703
Notes receivable from partners	(46,632)	(28,188)
Net cash used in investing activities	(658,546)	(474,039)
Financing activities
Borrowings under long-term debt	300,000	0
Payments on long-term debt	(145,000)	(322,500)
Tax withholdings on restricted stock units	(11,811)	(2,753)
Dividends	(166)	(655)
Other	(534)	(6,288)
Net cash provided by (used in) financing activities	142,489	(332,196)
Net increase (decrease) in cash, cash equivalents and restricted cash	(44,663)	57,001
Cash, cash equivalents and restricted cash at beginning of period	186,821	174,896
Cash, cash equivalents and restricted cash at end of period	142,158	231,897
Cash paid for:
Interest, net of capitalized interest	50,814	79,787
Income taxes, net of refund received	$ 212,352	$ 195,782

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Cash Flows [Abstract]
Cash settlements on commodity hedges derivatives	$ (12.3)	$ (289.9)

Organization

Organization	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Kosmos Energy Ltd. is incorporated in the State of Delaware as a holding company for Kosmos Energy Delaware Holdings, LLC, a Delaware limited liability company. As a holding company, Kosmos Energy Ltd.’s management operations are conducted through a wholly-owned subsidiary, Kosmos Energy, LLC. The terms “Kosmos,” the “Company,” “we,” “us,” “our,” “ours,” and similar terms refer to Kosmos Energy Ltd. and its wholly-owned subsidiaries, unless the context indicates otherwise. Kosmos is a full-cycle, deepwater, independent oil and gas exploration and production company focused along the offshore Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as world-class gas projects offshore Mauritania and Senegal. We also pursue a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. Kosmos is engaged in a single line of business, which is the exploration, development, and production of oil and natural gas. Substantially all of our long-lived assets and all of our product sales are related to operations in four geographic areas: Ghana, Equatorial Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico.

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies General The interim consolidated financial statements included in this report are unaudited and, in the opinion of management, include all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim periods. The results of the interim periods shown in this report are not necessarily indicative of the final results to be expected for the full year. The interim consolidated financial statements were prepared in accordance with the requirements of the SEC for interim reporting. As permitted under those rules, certain notes or other financial information that are normally required by GAAP have been condensed or omitted from these interim consolidated financial statements. These interim consolidated financial statements and the accompanying notes should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2022, included in our annual report on Form 10-K. Reclassifications Certain prior period amounts have been reclassified to conform with the current presentation. Such reclassifications had no significant impact on our reported net income, current assets, total assets, current liabilities, total liabilities, stockholders’ equity or cash flows. Cash, Cash Equivalents and Restricted Cash September 30, December 31, (In thousands) Cash and cash equivalents $ 138,742 $ 183,405 Restricted cash - long-term 3,416 3,416 Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 142,158 $ 186,821 Cash and cash equivalents include demand deposits and funds invested in highly liquid instruments with original maturities of three months or less at the date of purchase. Joint Interest Billings The Company’s joint interest billings consist of receivables from partners with interests in common oil and gas properties operated by the Company for shared costs. Joint interest billings are classified on the face of the consolidated balance sheets as current and long-term receivables based on when collection is expected to occur. Inventories Inventories consisted of $141.5 million and $125.3 million of materials and supplies and $13.5 million and $8.2 million of hydrocarbons as of September 30, 2023 and December 31, 2022, respectively. The Company’s materials and supplies inventory primarily consists of casing and wellheads and is stated at the lower of cost, using the weighted average cost method, or net realizable value. Hydrocarbon inventory is carried at the lower of cost, using the weighted average cost method, or net realizable value. Hydrocarbon inventory costs include expenditures and other charges incurred in bringing the inventory to its existing condition. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory costs. Revenue Recognition Our oil and gas revenues are recognized when hydrocarbons have been sold to a purchaser at a fixed or determinable price, title has transferred and collection is probable. Certain revenues are based on contracts with provisional pricing and quantity optionality which contain a derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from oil sales at the spot price on the date of sale. The derivative, which is not designated as a hedge, is marked to market through oil and gas revenue each period until the final settlement occurs, which generally is limited to the month of or month after the sale. Oil and gas revenue is composed of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Revenues from contract with customers - Equatorial Guinea $ 74,998 $ 41,178 $ 182,738 $ 263,532 Revenues from contract with customers - Ghana 355,098 301,855 735,675 1,044,039 Revenues from contract with customers - U.S. Gulf of Mexico 102,968 116,603 285,735 441,446 Provisional oil sales contracts (6,716) (3,580) (10,305) (13,578) Oil and gas revenue $ 526,348 $ 456,056 $ 1,193,843 $ 1,735,439 Concentration of Credit Risk Our revenue can be materially affected by current economic conditions and the price of oil and natural gas. However, based on the current demand for crude oil and natural gas and the fact that alternative purchasers are readily available, we believe that the loss of our purchasers and/or marketing agents would not have a long‑term material adverse effect on our financial position or results of operations.

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures In February 2023, Kosmos and Panoro Energy ASA (“Panoro”) entered into a petroleum contract covering Block EG-01 offshore Equatorial Guinea with the Republic of Equatorial Guinea. Kosmos holds a 24% participating interest in the block and the operator, Panoro, holds a 56% participating interest. The Equatorial Guinean national oil company, Guinea Equatorial De Petroles (“GEPetrol”), currently has a 20% carried participating interest during the exploration period. Should a commercial discovery be made, GEPetrol’s 20% carried interest will convert to a 20% participating interest. Block EG-01 currently comprises approximately 59,400 acres (240 square kilometers), with a first exploration period of three years from the effective date (March 1, 2023). In March 2023, we closed a farm-out agreement with Panoro, whereby Panoro acquired a 6.0% participating interest in Block S offshore Equatorial Guinea. As a result of the farm-out agreement, Kosmos’ participating interest in Block S was reduced to 34.0%.

Long-term Receivables

Long-term Receivables	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Long-term Receivables	Long-term Receivables In February 2019, Kosmos and BP signed Carry Advance Agreements with the national oil companies of Mauritania and Senegal obligating us to finance a portion of the respective national oil company’s share of certain development costs incurred through first gas production for Greater Tortue Ahmeyim Phase 1. The amount financed by Kosmos is to be repaid with interest through the national oil companies’ share of future revenues. As of September 30, 2023 and December 31, 2022, the balance due from the national oil companies was $243.6 million and $196.9 million, respectively, which is classified as Long-term receivables on our consolidated balance sheets. As of September 30, 2023 and December 31, 2022, accrued interest on the balance due from the national oil companies was $32.7 million and $21.5 million, respectively. Interest income on the long-term notes receivable was $4.0 million and $2.5 million for the three months ended September 30, 2023 and 2022, respectively, and $11.3 million and $6.8 million for the nine months ended September 30, 2023 and 2022, respectively.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment is stated at cost and consisted of the following: September 30, December 31, (In thousands) Oil and gas properties: Proved properties $ 7,535,104 $ 6,953,435 Unproved properties 403,481 341,334 Total oil and gas properties 7,938,585 7,294,769 Accumulated depletion (3,764,346) (3,457,332) Oil and gas properties, net 4,174,239 3,837,437 Other property 64,268 60,730 Accumulated depreciation (58,538) (55,520) Other property, net 5,730 5,210 Property and equipment, net $ 4,179,969 $ 3,842,647 We recorded depletion expense of $123.5 million and $100.0 million for the three months ended September 30, 2023 and 2022, respectively, and $307.0 million and $366.4 million for the nine months ended September 30, 2023 and 2022, respectively.

Suspended Well Costs

Suspended Well Costs	9 Months Ended
	Sep. 30, 2023
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Suspended Well Costs	Suspended Well Costs The following table reflects the Company’s capitalized exploratory well costs on drilled wells as of and during the nine months ended September 30, 2023. September 30, (In thousands) Beginning balance $ 145,957 Additions to capitalized exploratory well costs pending the determination of proved reserves 8,487 Reclassification due to determination of proved reserves — Capitalized exploratory well costs charged to expense — Ending balance $ 154,444 The following table provides an aging of capitalized exploratory well costs based on the date drilling was completed and the number of projects for which exploratory well costs have been capitalized for more than one year since the completion of drilling: September 30, December 31, (In thousands, except project counts) Exploratory well costs capitalized for a period of one year or less $ — $ — Exploratory well costs capitalized for a period of one to three years 34,028 32,770 Exploratory well costs capitalized for a period of four to seven years 120,416 113,187 Ending balance $ 154,444 $ 145,957 Number of projects that have exploratory well costs that have been capitalized for a period greater than one year 2 2 As of September 30, 2023, the projects with exploratory well costs capitalized for more than one year since the completion of drilling are related to the Yakaar and Teranga discoveries in the Cayar Offshore Profond block offshore Senegal and the Asam discovery in Block S offshore Equatorial Guinea. Yakaar and Teranga Discoveries — In May 2016, we drilled the Teranga-1 exploration well in the Cayar Offshore Profond block offshore Senegal, which encountered hydrocarbon pay. In June 2017, we drilled the Yakaar-1 exploration well in the Cayar Offshore Profond block offshore Senegal, which encountered hydrocarbon pay. In November 2017, an integrated Yakaar-Teranga appraisal plan was submitted to the government of Senegal. In September 2019, we drilled the Yakaar-2 appraisal well which encountered hydrocarbon pay. The Yakaar-2 well was drilled approximately nine kilometers from the Yakaar-1 exploration well. In July 2021, the current phase of the Cayar Block exploration license was extended up to an additional three years to July 2024. The Yakaar and Teranga discoveries are being analyzed as a joint development. During 2023 we have continued progressing appraisal studies and maturing concept design. Following additional evaluation, a final investment decision for the development of the project is expected to be made. Asam Discovery — In October 2019, we drilled the S-5 exploration well offshore Equatorial Guinea, which encountered hydrocarbon pay. The discovery was subsequently named Asam. In July 2020, an appraisal work program was approved by the government of Equatorial Guinea. The well is located within tieback range of the Ceiba FPSO and the appraisal work program is currently ongoing to integrate all available data into models to establish the scale of the discovered resource and evaluate the optimum development solution. During the fourth quarter of 2022, we received approval from the Government of Equatorial Guinea to enter the second sub-period phase of the Block S exploration license with a scheduled expiration in December 2024. Additionally, in December 2022 the Asam Field appraisal report was submitted to the Government of Equatorial Guinea. During 2023, studies and concept design continued to progress. Following additional evaluation, a decision regarding commerciality is expected to be made.

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt September 30, December 31, (In thousands) Outstanding debt principal balances: Facility $ 925,000 $ 625,000 7.125% Senior Notes 650,000 650,000 7.750% Senior Notes 400,000 400,000 7.500% Senior Notes 450,000 450,000 GoM Term Loan — 145,000 Total long-term debt 2,425,000 2,270,000 Unamortized deferred financing costs and discounts (35,803) (44,089) Total debt, net 2,389,197 2,225,911 Less: Current maturities of long-term debt — (30,000) Long-term debt, net $ 2,389,197 $ 2,195,911 Facility The Facility supports our oil and gas exploration, appraisal and development programs and corporate activities. As of September 30, 2023, borrowings under the Facility totaled $925.0 million and the undrawn availability under the Facility was $220.1 million. Final maturity of the Facility is in March 2027. In October 2023, during the Fall 2023 redetermination, the Company’s lending syndicate approved a borrowing base capacity of $1.25 billion increasing the undrawn availability by approximately $104.9 million. The borrowing base amount is based on the sum of the net present values of net cash flows and relevant capital expenditures reduced by certain percentages as well as value attributable to certain assets’ reserves and/or resources in the Company’s production assets in Ghana and Equatorial Guinea. On November 23, 2022, the Company amended the Facility to update the interest rate benchmark from LIBOR to term SOFR, effective as of April 19, 2023. As amended, interest on the Facility is the aggregate of the applicable margin (3.75% to 5.00%, depending on the length of time that has passed from the date the Facility was entered into), plus the term SOFR reference rate administered by CME Group Benchmark Administration Limited for the relevant period published and a credit adjustment spread. Interest is payable on the last day of each interest period (and, if the interest period is longer than six months, on the dates falling at six-month intervals after the first day of the interest period). We pay commitment fees on the undrawn and unavailable portion of the total commitments, if any. Commitment fees are equal to 30% per annum of the then-applicable respective margin when a commitment is available for utilization and, equal to 20% per annum of the then-applicable respective margin when a commitment is not available for utilization. We recognize interest expense in accordance with ASC 835 — Interest, which requires interest expense to be recognized using the effective interest method. We determined the effective interest rate based on the estimated level of borrowings under the Facility. On September 29, 2023, the Company amended the Facility to accede Kosmos Energy Ghana Investments and Kosmos Energy Ghana Holdings Limited, to the Facility as obligors. As a result, the additional interests in Jubilee and TEN that were acquired in the October 2021 acquisition of Anadarko WCTP are now included when calculating the borrowing base amount for the Facility, effective as of October 1, 2023. On October 19, 2023, the Company amended the Facility to modify the amortization schedule in order to reduce the number of repayment installments from seven to six equal installments, with the first repayment installment scheduled on October 1, 2024, rather than March 31, 2024. There was no change to the final maturity date or final repayment date. We were in compliance with the financial covenants contained in the Facility as of September 30, 2023 (the most recent assessment date). The Facility, as amended, contains customary cross default provisions. Corporate Revolver The Corporate Revolver is available for general corporate purposes and for oil and gas exploration, appraisal and development programs. As of September 30, 2023, there were no outstanding borrowings under the Corporate Revolver and the undrawn availability was $250.0 million with an expiration date of December 31, 2024. The Company capitalized $6.1 million of deferred financing costs associated with entering into the new revolving credit facility in March 2022, which is being amortized over the term of the new revolving credit facility. On November 23, 2022, the Company amended the Corporate Revolver to update the interest rate benchmark from compounded SOFR to term SOFR, effective as of April 19, 2023. As amended, interest on the Corporate Revolver is the aggregate of a 7.0% margin, the term SOFR reference rate administered by CME Group Benchmark Administration Limited for the relevant period published and a credit adjustment spread. Interest is payable on the last day of each interest period (and, if the interest period is longer than six months, on the dates falling at six-month intervals after the first day of the interest period). We pay commitment fees on the undrawn portion of the total commitments. Commitment fees for the lenders are equal to 30% per annum of the respective margin when a commitment is available for utilization. We were in compliance with the financial covenants contained in the Corporate Revolver as of September 30, 2023 (the most recent assessment date). The Corporate Revolver contains customary cross default provisions. 7.125% Senior Notes due 2026 In April 2019, the Company issued $650.0 million of 7.125% Senior Notes and received net proceeds of approximately $640.0 million after deducting commissions and other expenses. The 7.125% Senior Notes mature on April 4, 2026. Interest is payable in arrears each April 4 and October 4, commencing on October 4, 2019. The 7.125% Senior Notes are senior, unsecured obligations of Kosmos Energy Ltd. and rank equal in right of payment with all of its existing and future senior indebtedness (including all borrowings under the Corporate Revolver, 7.750% Senior Notes and the 7.500% Senior Notes) and rank effectively junior in right of payment to all of its existing and future secured indebtedness (including all borrowings under the Facility). The 7.125% Senior Notes are guaranteed on a senior, unsecured basis by certain subsidiaries owning the Company's U.S. Gulf of Mexico assets and the interests acquired in the Anadarko WCTP acquisition, and on a subordinated, unsecured basis by certain subsidiaries that borrow under, or guarantee, the Facility and that guarantee the Corporate Revolver, the 7.750% Senior Notes and the 7.500% Senior Notes. The 7.125% Senior Notes contain customary cross default provisions. 7.750% Senior Notes due 2027 In October 2021, the Company issued $400.0 million of 7.750% Senior Notes and received net proceeds of approximately $395.0 million after deducting fees. The 7.750% Senior Notes mature on May 1, 2027. Interest is payable in arrears each May 1 and November 1, commencing on May 1, 2022. The 7.750% Senior Notes are senior, unsecured obligations of Kosmos Energy Ltd. and rank equal in right of payment with all of its existing and future senior indebtedness (including all borrowings under the Corporate Revolver, the 7.125% Senior Notes and the 7.500% Senior Notes) and rank effectively junior in right of payment to all of its existing and future secured indebtedness (including all borrowings under the Facility). The 7.750% Senior Notes are guaranteed on a senior, unsecured basis by certain subsidiaries owning the Company's U.S. Gulf of Mexico assets and the interests acquired in the Anadarko WCTP acquisition, and on a subordinated, unsecured basis by certain subsidiaries that borrow under, or guarantee, the Facility and that guarantee the Corporate Revolver, the 7.125% Senior Notes and the 7.500% Senior Notes. The 7.750% Senior Notes contain customary cross default provisions. 7.500% Senior Notes due 2028 In March 2021, the Company issued $450.0 million of 7.500% Senior Notes and received net proceeds of approximately $444.4 million after deducting fees. The 7.500% Senior Notes mature on March 1, 2028. Interest is payable in arrears each March 1 and September 1, commencing on September 1, 2021. The 7.500% Senior Notes are senior, unsecured obligations of Kosmos Energy Ltd. and rank equal in right of payment with all of its existing and future senior indebtedness (including all borrowings under the Corporate Revolver, the 7.125% Senior Notes and the 7.750% Senior Notes) and rank effectively junior in right of payment to all of its existing and future secured indebtedness (including all borrowings under the Facility). The 7.500% Senior Notes are guaranteed on a senior, unsecured basis by certain subsidiaries owning the Company's U.S. Gulf of Mexico assets and the interests in the Anadarko WCTP acquisition, and on a subordinated, unsecured basis by certain subsidiaries that borrow under, or guarantee, the Facility and that guarantee the Corporate Revolver, and the 7.125% Senior Notes and the 7.750% Senior Notes. The 7.500% Senior Notes contain customary cross default provisions. GoM Term Loan In September 2020, the Company entered into a five-year $200.0 million senior secured term-loan credit agreement secured against the Company's U.S. Gulf of Mexico assets with net proceeds received of $197.7 million after deducting fees and other expenses. On September 15, 2023, the Company repaid the remaining outstanding principal amount of $137.5 million plus accrued interest using cash on hand, constituting payment in full. The GoM Term Loan was subsequently terminated pursuant to, and subject to the terms of, the GoM Term Loan. Principal Debt Repayments At September 30, 2023, the estimated repayments of debt during the five fiscal year periods and thereafter are as follows: Payments Due by Year Total 2023(2) 2024 2025 2026 2027 Thereafter (In thousands) Principal debt repayments(1) $ 2,425,000 $ — $ 243,047 $ 227,450 $ 929,282 $ 575,221 $ 450,000 __________________________________ (1) Includes the scheduled maturities for outstanding principal debt balances. The scheduled maturities of debt related to the Facility as of September 30, 2023 are based on our level of borrowings and our estimated future available borrowing base commitment levels in future periods. Any increases or decreases in the level of borrowings or increases or decreases in the available borrowing base would impact the scheduled maturities of debt during the next five years and thereafter. In October 2023, the Company’s lending syndicate approved a borrowing base capacity of $1.25 billion and the Company amended the Facility to modify the amortization schedule with the first repayment installment scheduled on October 1, 2024, rather than March 31, 2024. (2) Represents payments for the period October 1, 2023 through December 31, 2023. Interest and other financing costs, net Interest and other financing costs, net incurred during the periods is comprised of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Interest expense $ 54,643 $ 45,448 $ 155,123 $ 131,626 Amortization—deferred financing costs 2,462 2,577 7,543 7,838 Loss on extinguishment of debt 1,503 — 1,503 192 Capitalized interest (36,029) (22,163) (99,920) (57,489) Deferred interest (488) 4 (135) (1,436) Interest income (4,793) (2,956) (13,379) (7,840) Other, net 8,142 6,886 23,644 19,426 Interest and other financing costs, net $ 25,440 $ 29,796 $ 74,379 $ 92,317 Capitalized interest for the nine months ended September 30, 2023 and 2022 primarily relates to spend on the Greater Tortue Ahmeyim Phase 1 project. Once development is complete on the Greater Tortue Ahmeyim Phase 1 project, we will no longer capitalize interest on the project.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We use financial derivative contracts to manage exposures to commodity price and interest rate fluctuations. We do not hold or issue derivative financial instruments for trading purposes. We manage market and counterparty credit risk in accordance with our policies and guidelines. In accordance with these policies and guidelines, our management determines the appropriate timing and extent of derivative transactions. We have included an estimate of non-performance risk in the fair value measurement of our derivative contracts as required by ASC 820 — Fair Value Measurement. Oil Derivative Contracts The following table sets forth the volumes in barrels underlying the Company’s outstanding oil derivative contracts and the weighted average prices per Bbl for those contracts as of September 30, 2023. Volumes and weighted average prices are net of any offsetting derivative contracts entered into. Weighted Average Price per Bbl Net Deferred Premium Payable/ Sold Term Type of Contract Index MBbl (Receivable) Put Floor Ceiling 2023: Oct - Dec Three-way collars Dated Brent 1,500 $ 1.34 $ 49.17 $ 71.67 $ 107.58 Oct - Dec Two-way collars Dated Brent 1,250 1.69 — 72.00 112.00 2024: Jan - Dec Three-way collars Dated Brent 4,000 1.31 45.00 70.00 96.25 Jan - Jun Two-way collars Dated Brent 2,000 1.24 — 65.00 85.00 Jan - Dec Two-way collars Dated Brent 2,000 0.46 — 70.00 100.00 __________________________________ The following tables disclose the Company’s derivative instruments as of September 30, 2023 and December 31, 2022, and gain/(loss) from derivatives during the three and nine months ended September 30, 2023 and 2022, respectively: Estimated Fair Value Asset (Liability) Type of Contract Balance Sheet Location September 30, December 31, (In thousands) Derivatives not designated as hedging instruments: Derivative assets: Commodity Derivatives assets—current $ — $ 7,344 Provisional oil sales Receivables: Oil sales — 1,170 Commodity Derivatives assets—long-term 698 1,725 Derivative liabilities: Commodity Derivatives liabilities—current (26,597) (6,773) Commodity Derivatives liabilities—long-term (2,402) (778) Total derivatives not designated as hedging instruments $ (28,301) $ 2,688 Amount of Gain/(Loss) Amount of Gain/(Loss) Three Months Ended Nine Months Ended September 30, September 30, Type of Contract Location of Gain/(Loss) 2023 2022 2023 2022 (In thousands) Derivatives not designated as hedging instruments: Provisional oil sales Oil and gas revenue $ (6,716) $ (3,580) $ (10,305) $ (13,578) Commodity Derivatives, net (45,971) 113,842 (42,162) (243,534) Total derivatives not designated as hedging instruments $ (52,687) $ 110,262 $ (52,467) $ (257,112) Offsetting of Derivative Assets and Derivative Liabilities Our derivative instruments which are subject to master netting arrangements with our counterparties only have the right of offset when there is an event of default. As of September 30, 2023 and December 31, 2022, there was not an event of default and, therefore, the associated gross asset or gross liability amounts related to these arrangements are presented on the consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820 — Fair Value Measurement, fair value measurements are based upon inputs that market participants use in pricing an asset or liability, which are classified into two categories: observable inputs and unobservable inputs. Observable inputs represent market data obtained from independent sources, whereas unobservable inputs reflect a company’s own market assumptions, which are used if observable inputs are not reasonably available without undue cost and effort. We prioritize the inputs used in measuring fair value into the following fair value hierarchy: • Level 1 — quoted prices for identical assets or liabilities in active markets. • Level 2 — quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs derived principally from or corroborated by observable market data by correlation or other means. • Level 3 — unobservable inputs for the asset or liability. The fair value input hierarchy level to which an asset or liability measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety. The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022, for each fair value hierarchy level: Fair Value Measurements Using: Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Total (In thousands) September 30, 2023 Assets: Commodity derivatives $ — $ 698 $ — $ 698 Provisional oil sales — — — — Liabilities: Commodity derivatives — (28,999) — (28,999) Total $ — $ (28,301) $ — $ (28,301) December 31, 2022 Assets: Commodity derivatives $ — $ 9,069 $ — $ 9,069 Provisional oil sales — 1,170 — 1,170 Liabilities: Commodity derivatives — (7,551) — (7,551) Total $ — $ 2,688 $ — $ 2,688 The book values of cash and cash equivalents and restricted cash approximate fair value based on Level 1 inputs. Joint interest billings, oil sales and other receivables, and accounts payable and accrued liabilities approximate fair value due to the short-term nature of these instruments. Our long-term receivables, after any allowances for credit losses, and other long-term assets approximate fair value. The estimates of fair value of these items are based on Level 2 inputs. Commodity Derivatives Our commodity derivatives represent crude oil collars, put options and call options for notional barrels of oil at fixed Dated Brent or NYMEX WTI oil prices. The values attributable to our oil derivatives are based on (i) the contracted notional volumes, (ii) independent active futures price quotes for the respective index, (iii) a credit-adjusted yield curve applicable to each counterparty by reference to the credit default swap (“CDS”) market and (iv) an independently sourced estimate of volatility for the respective index. The volatility estimate was provided by certain independent brokers who are active in buying and selling oil options and was corroborated by market-quoted volatility factors. The deferred premium is included in the fair market value of the commodity derivatives. See Note 8 — Derivative Financial Instruments for additional information regarding the Company’s derivative instruments. Provisional Oil Sales The value attributable to provisional oil sales derivatives is based on (i) the sales volumes and (ii) the difference in the independent active futures price quotes for the respective index over the term of the pricing period designated in the sales contract and the spot price on the lifting date. Debt The following table presents the carrying values and fair values at September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value (In thousands) 7.125% Senior Notes $ 646,600 $ 613,444 $ 645,699 $ 558,201 7.750% Senior Notes 396,505 370,044 395,893 335,592 7.500% Senior Notes 446,104 403,574 445,564 361,958 GoM Term Loan — — 145,000 145,000 Facility 925,000 925,000 625,000 625,000 Total $ 2,414,209 $ 2,312,062 $ 2,257,156 $ 2,025,751 The carrying values of our 7.125% Senior Notes, 7.750% Senior Notes and 7.500% Senior Notes represent the principal amounts outstanding less unamortized discounts. The fair values of our 7.125% Senior Notes, 7.750% Senior Notes and 7.500% Senior Notes are based on quoted market prices, which results in a Level 1 fair value measurement. The carrying values of the GoM Term Loan and Facility approximate fair value since they are subject to short-term floating interest rates that approximate the rates available to us for those periods. Nonrecurring Fair Value Measurements - Long-lived assets Certain long-lived assets are reported at fair value on a non-recurring basis on the Company's consolidated balance sheet. These long-lived assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Our long-lived assets are reviewed for impairment when changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company calculates the estimated fair values of its long-lived assets using the income approach described in the ASC 820 — Fair Value Measurements. Significant inputs associated with the calculation of estimated discounted future net cash flows include anticipated future production, pricing estimates, capital and operating costs, market-based weighted average cost of capital, and risk adjustment factors applied to reserves. These are classified as Level 3 fair value assumptions. The Company utilizes an average of third-party industry forecasts of Dated Brent, adjusted for location and quality differentials, to determine our pricing assumptions. In order to evaluate the sensitivity of the assumptions, we analyze sensitivities to prices, production, and risk adjustment factors. During the three and nine months ended September 30, 2023 and 2022, the Company did not recognize impairment of proved oil and gas properties as no impairment indicators were identified. If we experience material declines in oil pricing

Equity-based Compensation

Equity-based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity-based Compensation	Equity-based Compensation Restricted Stock Units We record equity-based compensation expense equal to the fair value of share-based payments over the vesting periods of the LTIP awards. We recorded compensation expense from awards granted under our LTIP of $10.6 million and $8.8 million during the three months ended September 30, 2023 and 2022, respectively, and $31.8 million and $25.9 million during the nine months ended September 30, 2023 and 2022, respectively. The total tax benefit for the three months ended September 30, 2023 and 2022 was $1.9 million and $1.5 million, respectively, and $5.6 million and $4.4 million during the nine months ended September 30, 2023 and 2022, respectively. Additionally, we recorded a net tax shortfall (windfall) related to equity-based compensation of nil for the three months ended September 30, 2023 and 2022 and $(3.2) million and $0.7 million during the nine months ended September 30, 2023 and 2022, respectively. The fair value of awards vested during the three months ended September 30, 2023 and 2022 was $0.2 million and $0.5 million, respectively, and $44.9 million and $21.9 million during the nine months ended September 30, 2023 and 2022, respectively. The Company granted restricted stock units with service vesting criteria and a combination of market and service vesting criteria under the LTIP. Substantially all of these grants vest over three years. Upon vesting, restricted stock units become issued and outstanding stock. In June 2023, the Company’s stockholders approved the Amended and Restated Kosmos Energy Ltd. Long Term Incentive Plan, which authorized an additional 17.0 million shares of common stock available for issuance under the LTIP. The following table reflects the outstanding restricted stock units as of September 30, 2023: Weighted- Market / Service Weighted- Service Vesting Average Vesting Average Restricted Stock Grant-Date Restricted Stock Grant-Date Units Fair Value Units Fair Value (In thousands) (In thousands) Outstanding at December 31, 2022 4,916 $ 4.18 12,041 $ 5.61 Granted(1) 2,699 7.59 3,419 12.25 Forfeited(1) (214) 5.46 (192) 7.98 Vested (2,755) 3.86 (2,949) 8.22 Outstanding at September 30, 2023 4,646 5.72 12,319 6.56 __________________________________ (1) The restricted stock units with a combination of market and service vesting criteria may vest between 0% and 200% of the originally granted units depending upon market performance conditions. Awards vesting over or under target shares of 100% results in additional shares granted or forfeited, respectively, in the period the market vesting criteria is determined . As of September 30, 2023, total equity-based compensation to be recognized on unvested restricted stock units is $37.5 million over a weighted average period of 1.77 years. At September 30, 2023, the Company had approximately 18.7 million shares that remain available for issuance under the LTIP. For restricted stock units with a combination of market and service vesting criteria, the number of common shares to be issued is determined by comparing the Company’s total shareholder return with the total shareholder return of a predetermined group of peer companies over the performance period and can vest in up to 200% of the awards granted. The grant date fair value ranged from $1.06 to $12.33 per award. The Monte Carlo simulation model utilized multiple input variables that determined the probability of satisfying the market condition stipulated in the award grant and calculated the fair value of the award. The expected volatility utilized in the model was estimated using our historical volatility and the historical volatilities of our peer companies and ranged from 50.0% to 105.0%. The risk-free interest rate was based on the U.S. treasury rate for a term commensurate with the expected life of the grant and ranged from 0.2% to 3.7%.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We evaluate our estimated annual effective income tax rate each quarter, based on current and forecasted business results and enacted tax laws, and apply this tax rate to our ordinary income or loss to calculate our estimated tax expense or benefit. The Company excludes zero statutory tax rate and tax-exempt jurisdictions from our evaluation of the estimated annual effective income tax rate. The tax effect of discrete items are recognized in the period in which they occur at the applicable statutory tax rate. Income before income taxes is composed of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) United States $ (13,425) $ 16,168 $ (62,548) $ 77,832 Foreign 150,966 313,799 392,904 459,139 Income before income taxes $ 137,541 $ 329,967 $ 330,356 $ 536,971 For the three months ended, September 30, 2023 and 2022, our effective tax rate was 38% and 33%, respectively. For the nine months ended September 30, 2023 and 2022, our effective tax rate was 42% and 37%, respectively. For the three and nine months ended September 30, 2023 and 2022, our overall effective tax rates were impacted by: • The difference in our 21% U.S. income tax reporting rate and the statutory income tax rates applicable to our foreign operations, primarily in Ghana and Equatorial Guinea, • Jurisdictions that have a 0% statutory tax rate or that are tax exempt, • Jurisdictions where we have incurred losses and have recorded valuation allowances against the corresponding deferred tax assets, and • Other non-deductible expenses, primarily in the U.S.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share The following table is a reconciliation between net income and the amounts used to compute basic and diluted net income per share and the weighted average shares outstanding used to compute basic and diluted net income per share: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands, except per share data) Numerator: Net income allocable to common stockholders $ 85,185 $ 222,254 $ 191,839 $ 340,827 Denominator: Weighted average number of shares outstanding: Basic 460,108 455,840 459,477 455,158 Restricted stock units(1) 20,991 20,591 20,261 19,662 Diluted 481,099 476,431 479,738 474,820 Net income per share: Basic $ 0.19 $ 0.49 $ 0.42 $ 0.75 Diluted $ 0.18 $ 0.47 $ 0.40 $ 0.72 __________________________________ (1) We excluded restricted stock units of 0.2 million for the three months ended September 30, 2022 and 0.1 million for the nine months ended September 30, 2022 from the computations of diluted net income per share because the effect would have been anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, we are involved in litigation, regulatory examinations and administrative proceedings primarily arising in the ordinary course of our business in jurisdictions in which we do business. Although the outcome of these matters cannot be predicted with certainty, management believes none of these matters, either individually or in the aggregate, would have a material effect upon the Company’s financial position; however, an unfavorable outcome could have a material adverse effect on our results from operations for a specific interim period or year. We have a commitment to drill three development wells and one exploration well in Equatorial Guinea. We have a $200.2 million FPSO Contract Liability in Other long-term liabilities related to the deferred sale of the Greater Tortue FPSO. Performance Obligations

Additional Financial Informatio

Additional Financial Information	9 Months Ended
	Sep. 30, 2023
Additional Financial Information
Additional Financial Information	Additional Financial Information Accrued Liabilities Accrued liabilities consisted of the following: September 30, December 31, (In thousands) Accrued liabilities: Exploration, development and production $ 131,208 $ 80,598 Revenue payable 25,077 26,087 Current asset retirement obligations 10,884 1,732 General and administrative expenses 26,719 32,069 Interest 47,383 44,740 Income taxes 91,023 127,183 Taxes other than income 1,225 1,524 Derivatives 1,372 6,440 Other 3,899 4,833 $ 338,790 $ 325,206 Asset Retirement Obligations The following table summarizes the changes in the Company's asset retirement obligations as of and during the nine months ended September 30, 2023: September 30, (In thousands) Asset retirement obligations: Beginning asset retirement obligations $ 302,534 Liabilities incurred during period 10,015 Liabilities settled during period (3,504) Revisions in estimated retirement obligations 10,340 Accretion expense 21,601 Ending asset retirement obligations $ 340,986 Other Expenses, Net Other expenses, net incurred during the period is comprised of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) (Gain) loss on disposal of inventory $ 2,412 $ (821) $ 5,351 $ (536) Loss on asset retirement obligations liability settlements 4,733 — 4,848 620 Other, net 3,910 603 7,665 (1,404) Other expenses, net $ 11,055 $ (218) $ 17,864 $ (1,320)

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Kosmos is engaged in a single line of business, which is the exploration, development and production of oil and gas. At September 30, 2023, the Company had operations in four geographic reporting segments: Ghana, Equatorial Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico. To assess performance of the reporting segments, the Chief Operating Decision Maker reviews capital expenditures. Capital expenditures, as defined by the Company, may not be comparable to similarly titled measures used by other companies and should be considered in conjunction with our consolidated financial statements and notes thereto. Financial information for each area is presented below: Ghana Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico Corporate & Other Eliminations Total (In thousands) Three months ended September 30, 2023 Revenues and other income: Oil and gas revenue $ 348,366 $ 75,014 $ — $ 102,968 $ — $ — $ 526,348 Other income, net — — — 746 80,826 (81,374) 198 Total revenues and other income 348,366 75,014 — 103,714 80,826 (81,374) 526,546 Costs and expenses: Oil and gas production 90,737 24,700 — 23,345 — — 138,782 Exploration expenses (58) 2,931 3,698 1,913 1,806 — 10,290 General and administrative 2,475 1,209 2,543 3,291 51,018 (35,416) 25,120 Depletion, depreciation and amortization 77,688 14,654 297 38,948 760 — 132,347 Interest and other financing costs, net(1) 14,368 (752) (31,438) 3,540 39,722 — 25,440 Derivatives, net — — — — 45,971 — 45,971 Other expenses, net 42,466 3,449 3,337 5,414 2,347 (45,958) 11,055 Total costs and expenses 227,676 46,191 (21,563) 76,451 141,624 (81,374) 389,005 Income (loss) before income taxes 120,690 28,823 21,563 27,263 (60,798) — 137,541 Income tax expense 42,614 12,477 — 54 (2,789) — 52,356 Net income (loss) $ 78,076 $ 16,346 $ 21,563 $ 27,209 $ (58,009) $ — $ 85,185 Consolidated capital expenditures, net $ 53,039 $ 15,821 $ 42,079 $ 76,895 $ 4,716 $ — $ 192,550 Ghana Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico Corporate & Other Eliminations Total (In thousands) Nine months ended September 30, 2023 Revenues and other income: Oil and gas revenue $ 728,465 $ 179,643 $ — $ 285,735 $ — $ — $ 1,193,843 Other income, net (425) 10 — 2,832 151,740 (154,272) (115) Total revenues and other income 728,040 179,653 — 288,567 151,740 (154,272) 1,193,728 Costs and expenses: Oil and gas production 141,973 68,623 — 75,701 — — 286,297 Exploration expenses 579 7,013 11,917 9,089 4,707 — 33,305 General and administrative 9,921 3,871 7,346 13,099 155,617 (112,123) 77,731 Depletion, depreciation and amortization 177,796 36,737 699 114,912 1,490 — 331,634 Interest and other financing costs, net(1) 42,535 (2,138) (87,087) 9,632 111,437 — 74,379 Derivatives, net — — — — 42,162 — 42,162 Other expenses, net 38,811 3,402 6,058 8,215 3,527 (42,149) 17,864 Total costs and expenses 411,615 117,508 (61,067) 230,648 318,940 (154,272) 863,372 Income (loss) before income taxes 316,425 62,145 61,067 57,919 (167,200) — 330,356 Income tax expense 112,478 25,837 — 1,119 (917) — 138,517 Net income (loss) $ 203,947 $ 36,308 $ 61,067 $ 56,800 $ (166,283) $ — $ 191,839 Consolidated capital expenditures, net $ 202,517 $ 40,777 $ 191,830 $ 125,215 $ 8,288 $ — $ 568,627 As of September 30, 2023 Property and equipment, net $ 1,243,655 $ 402,999 $ 1,672,423 $ 842,715 $ 18,177 $ — $ 4,179,969 Total assets $ 3,320,522 $ 1,738,886 $ 2,507,496 $ 3,934,860 $ 21,048,238 $ (27,580,601) $ 4,969,401 ______________________________________ (1) Interest expense is recorded based on actual third-party and intercompany debt agreements. Capitalized interest is recorded on the business unit where the assets reside. Ghana(2) Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico(3) Corporate & Other Eliminations Total (In thousands) Three months ended September 30, 2022 Revenues and other income: Oil and gas revenue $ 296,980 $ 42,473 $ — $ 116,603 $ — $ — $ 456,056 Other income, net 1 — — 698 (82,537) 81,886 48 Total revenues and other income 296,981 42,473 — 117,301 (82,537) 81,886 456,104 Costs and expenses: Oil and gas production 23,911 11,921 — 26,540 — — 62,372 Facilities insurance modifications, net 494 — — — — — 494 Exploration expenses 9,459 1,071 2,182 2,674 1,829 — 17,215 General and administrative 3,967 1,991 2,624 2,804 44,577 (31,956) 24,007 Depletion, depreciation and amortization 65,288 7,741 143 32,701 440 — 106,313 Interest and other financing costs, net(1) 16,922 (595) (18,402) 2,785 29,086 — 29,796 Derivatives, net — — — — (113,842) — (113,842) Other expenses, net (101,457) (6,464) 145 (6,317) 33 113,842 (218) Total costs and expenses 18,584 15,665 (13,308) 61,187 (37,877) 81,886 126,137 Income (loss) before income taxes 278,397 26,808 13,308 56,114 (44,660) — 329,967 Income tax expense 98,413 7,371 — (275) 2,204 — 107,713 Net income (loss) $ 179,984 $ 19,437 $ 13,308 $ 56,389 $ (46,864) $ — $ 222,254 Consolidated capital expenditures, net $ 40,871 $ 2,435 $ 114,339 $ 43,612 $ 1,834 $ — $ 203,091 Ghana(2) Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico(3) Corporate & Other Eliminations Total (In thousands) Nine months ended September 30, 2022 Revenues and other income: Oil and gas revenue $ 1,032,551 $ 261,442 $ — $ 441,446 $ — $ — $ 1,735,439 Gain on sale of assets — — — 471 — — 471 Other income, net 1 — — 1,726 340,768 (342,352) 143 Total revenues and other income 1,032,552 261,442 — 443,643 340,768 (342,352) 1,736,053 Costs and expenses: Oil and gas production 137,030 60,384 — 79,850 — — 277,264 Facilities insurance modifications, net 7,246 — — — — — 7,246 Exploration expenses 11,433 4,047 80,271 19,770 3,135 — 118,656 General and administrative 11,379 5,008 6,890 11,181 138,783 (98,817) 74,424 Depletion, depreciation and amortization 229,074 40,729 257 115,648 1,253 — 386,961 Interest and other financing costs, net(1) 46,208 (1,682) (46,903) 8,244 86,450 — 92,317 Derivatives, net — — — — 243,534 — 243,534 Other expenses, net 215,340 17,553 (1,200) 11,355 (834) (243,534) (1,320) Total costs and expenses 657,710 126,039 39,315 246,048 472,321 (342,351) 1,199,082 Income (loss) before income taxes 374,842 135,403 (39,315) 197,595 (131,553) (1) 536,971 Income tax expense 133,193 55,420 — 2,828 4,703 — 196,144 Net income (loss) $ 241,649 $ 79,983 $ (39,315) $ 194,767 $ (136,256) $ (1) $ 340,827 Consolidated capital expenditures, net $ 32,814 $ 26,732 $ 261,755 $ 107,856 $ 4,545 $ — $ 433,702 As of September 30, 2022 Property and equipment, net $ 1,627,871 $ 385,442 $ 1,225,991 $ 881,990 $ 17,373 $ — $ 4,138,667 Total assets $ 3,211,263 $ 1,130,390 $ 1,727,997 $ 3,649,195 $ 18,987,516 $ (23,784,949) $ 4,921,412 ______________________________________ (1) Interest expense is recorded based on actual third-party and intercompany debt agreements. Capitalized interest is recorded on the business unit where the assets reside. (2) Includes activity related to the interest pre-empted by Tullow prior to the March 17, 2022 closing date of the Tullow pre-emption transaction. Additionally, cash consideration of $118.2 million is included as reduction in Consolidated capital expenditures for the nine months ended September 30, 2022. (3) Includes activity related to our acquisition of an additional interest in the Kodiak Oil Field commencing June 9, 2022, the acquisition date. Additionally, cash consideration paid of $29.0 million is included in consolidated capital expenditures for the three and nine months ended September 30, 2022. Nine Months Ended September 30, 2023 2022 (In thousands) Consolidated capital expenditures: Consolidated Statements of Cash Flows - Investing activities: Oil and gas assets $ 611,914 $ 543,349 Acquisition of oil and gas properties — 21,205 Proceeds on sale of assets — (118,703) Adjustments: Changes in capital accruals 25,441 1,511 Exploration expense, excluding unsuccessful well costs and leasehold impairments(1) 31,061 35,570 Capitalized interest (99,920) (57,489) Other 131 8,259 Total consolidated capital expenditures, net $ 568,627 $ 433,702 ______________________________________ (1) Unsuccessful well costs and leasehold impairments are included in oil and gas assets when incurred.

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
General	General The interim consolidated financial statements included in this report are unaudited and, in the opinion of management, include all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim periods. The results of the interim periods shown in this report are not necessarily indicative of the final results to be expected for the full year. The interim consolidated financial statements were prepared in accordance with the requirements of the SEC for interim reporting. As permitted under those rules, certain notes or other financial information that are normally required by GAAP have been condensed or omitted from these interim consolidated financial statements. These interim consolidated financial statements and the accompanying notes should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2022, included in our annual report on Form 10-K.
Reclassifications	Reclassifications
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted CashCash and cash equivalents include demand deposits and funds invested in highly liquid instruments with original maturities of three months or less at the date of purchase.
Joint Interest Billings	Joint Interest Billings The Company’s joint interest billings consist of receivables from partners with interests in common oil and gas properties operated by the Company for shared costs. Joint interest billings are classified on the face of the consolidated balance sheets as current and long-term receivables based on when collection is expected to occur.
Inventories	InventoriesThe Company’s materials and supplies inventory primarily consists of casing and wellheads and is stated at the lower of cost, using the weighted average cost method, or net realizable value.Hydrocarbon inventory is carried at the lower of cost, using the weighted average cost method, or net realizable value. Hydrocarbon inventory costs include expenditures and other charges incurred in bringing the inventory to its existing condition. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory costs.
Revenue Recognition	Revenue Recognition Our oil and gas revenues are recognized when hydrocarbons have been sold to a purchaser at a fixed or determinable price, title has transferred and collection is probable. Certain revenues are based on contracts with provisional pricing and quantity optionality which contain a derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from oil sales at the spot price on the date of sale. The derivative, which is not designated as a hedge, is marked to market through oil and gas revenue each period until the final settlement occurs, which generally is limited to the month of or month after the sale.
Concentration of Credit Risk	Concentration of Credit Risk Our revenue can be materially affected by current economic conditions and the price of oil and natural gas. However, based on the current demand for crude oil and natural gas and the fact that alternative purchasers are readily available, we believe that the loss of our purchasers and/or marketing agents would not have a long‑term material adverse effect on our financial position or results of operations.

Accounting Policies (Tables)

Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of cash and cash equivalents	September 30, December 31, (In thousands) Cash and cash equivalents $ 138,742 $ 183,405 Restricted cash - long-term 3,416 3,416 Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 142,158 $ 186,821
Schedule of oil and gas revenue	Oil and gas revenue is composed of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Revenues from contract with customers - Equatorial Guinea $ 74,998 $ 41,178 $ 182,738 $ 263,532 Revenues from contract with customers - Ghana 355,098 301,855 735,675 1,044,039 Revenues from contract with customers - U.S. Gulf of Mexico 102,968 116,603 285,735 441,446 Provisional oil sales contracts (6,716) (3,580) (10,305) (13,578) Oil and gas revenue $ 526,348 $ 456,056 $ 1,193,843 $ 1,735,439

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment is stated at cost and consisted of the following: September 30, December 31, (In thousands) Oil and gas properties: Proved properties $ 7,535,104 $ 6,953,435 Unproved properties 403,481 341,334 Total oil and gas properties 7,938,585 7,294,769 Accumulated depletion (3,764,346) (3,457,332) Oil and gas properties, net 4,174,239 3,837,437 Other property 64,268 60,730 Accumulated depreciation (58,538) (55,520) Other property, net 5,730 5,210 Property and equipment, net $ 4,179,969 $ 3,842,647

Suspended Well Costs (Tables)

Suspended Well Costs (Tables)	9 Months Ended
	Sep. 30, 2023
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Schedule of capitalized exploratory well costs	The following table reflects the Company’s capitalized exploratory well costs on drilled wells as of and during the nine months ended September 30, 2023. September 30, (In thousands) Beginning balance $ 145,957 Additions to capitalized exploratory well costs pending the determination of proved reserves 8,487 Reclassification due to determination of proved reserves — Capitalized exploratory well costs charged to expense — Ending balance $ 154,444
Schedule of aging of capitalized exploratory well costs and number of projects for which exploratory well costs were capitalized for more than one year	The following table provides an aging of capitalized exploratory well costs based on the date drilling was completed and the number of projects for which exploratory well costs have been capitalized for more than one year since the completion of drilling: September 30, December 31, (In thousands, except project counts) Exploratory well costs capitalized for a period of one year or less $ — $ — Exploratory well costs capitalized for a period of one to three years 34,028 32,770 Exploratory well costs capitalized for a period of four to seven years 120,416 113,187 Ending balance $ 154,444 $ 145,957 Number of projects that have exploratory well costs that have been capitalized for a period greater than one year 2 2

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of debt	September 30, December 31, (In thousands) Outstanding debt principal balances: Facility $ 925,000 $ 625,000 7.125% Senior Notes 650,000 650,000 7.750% Senior Notes 400,000 400,000 7.500% Senior Notes 450,000 450,000 GoM Term Loan — 145,000 Total long-term debt 2,425,000 2,270,000 Unamortized deferred financing costs and discounts (35,803) (44,089) Total debt, net 2,389,197 2,225,911 Less: Current maturities of long-term debt — (30,000) Long-term debt, net $ 2,389,197 $ 2,195,911
Schedule of estimated repayments of debt	At September 30, 2023, the estimated repayments of debt during the five fiscal year periods and thereafter are as follows: Payments Due by Year Total 2023(2) 2024 2025 2026 2027 Thereafter (In thousands) Principal debt repayments(1) $ 2,425,000 $ — $ 243,047 $ 227,450 $ 929,282 $ 575,221 $ 450,000 __________________________________ (1) Includes the scheduled maturities for outstanding principal debt balances. The scheduled maturities of debt related to the Facility as of September 30, 2023 are based on our level of borrowings and our estimated future available borrowing base commitment levels in future periods. Any increases or decreases in the level of borrowings or increases or decreases in the available borrowing base would impact the scheduled maturities of debt during the next five years and thereafter. In October 2023, the Company’s lending syndicate approved a borrowing base capacity of $1.25 billion and the Company amended the Facility to modify the amortization schedule with the first repayment installment scheduled on October 1, 2024, rather than March 31, 2024. (2) Represents payments for the period October 1, 2023 through December 31, 2023.
Schedule of interest and other financing costs, net	Interest and other financing costs, net incurred during the periods is comprised of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Interest expense $ 54,643 $ 45,448 $ 155,123 $ 131,626 Amortization—deferred financing costs 2,462 2,577 7,543 7,838 Loss on extinguishment of debt 1,503 — 1,503 192 Capitalized interest (36,029) (22,163) (99,920) (57,489) Deferred interest (488) 4 (135) (1,436) Interest income (4,793) (2,956) (13,379) (7,840) Other, net 8,142 6,886 23,644 19,426 Interest and other financing costs, net $ 25,440 $ 29,796 $ 74,379 $ 92,317

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of oil derivative contracts	The following table sets forth the volumes in barrels underlying the Company’s outstanding oil derivative contracts and the weighted average prices per Bbl for those contracts as of September 30, 2023. Volumes and weighted average prices are net of any offsetting derivative contracts entered into. Weighted Average Price per Bbl Net Deferred Premium Payable/ Sold Term Type of Contract Index MBbl (Receivable) Put Floor Ceiling 2023: Oct - Dec Three-way collars Dated Brent 1,500 $ 1.34 $ 49.17 $ 71.67 $ 107.58 Oct - Dec Two-way collars Dated Brent 1,250 1.69 — 72.00 112.00 2024: Jan - Dec Three-way collars Dated Brent 4,000 1.31 45.00 70.00 96.25 Jan - Jun Two-way collars Dated Brent 2,000 1.24 — 65.00 85.00 Jan - Dec Two-way collars Dated Brent 2,000 0.46 — 70.00 100.00 __________________________________
Schedule of derivative instruments by balance sheet location	The following tables disclose the Company’s derivative instruments as of September 30, 2023 and December 31, 2022, and gain/(loss) from derivatives during the three and nine months ended September 30, 2023 and 2022, respectively: Estimated Fair Value Asset (Liability) Type of Contract Balance Sheet Location September 30, December 31, (In thousands) Derivatives not designated as hedging instruments: Derivative assets: Commodity Derivatives assets—current $ — $ 7,344 Provisional oil sales Receivables: Oil sales — 1,170 Commodity Derivatives assets—long-term 698 1,725 Derivative liabilities: Commodity Derivatives liabilities—current (26,597) (6,773) Commodity Derivatives liabilities—long-term (2,402) (778) Total derivatives not designated as hedging instruments $ (28,301) $ 2,688
Schedule of derivative instruments by location of gain/(loss)	Amount of Gain/(Loss) Amount of Gain/(Loss) Three Months Ended Nine Months Ended September 30, September 30, Type of Contract Location of Gain/(Loss) 2023 2022 2023 2022 (In thousands) Derivatives not designated as hedging instruments: Provisional oil sales Oil and gas revenue $ (6,716) $ (3,580) $ (10,305) $ (13,578) Commodity Derivatives, net (45,971) 113,842 (42,162) (243,534) Total derivatives not designated as hedging instruments $ (52,687) $ 110,262 $ (52,467) $ (257,112)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of company's assets and liabilities that are measured at fair value on a recurring basis	The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022, for each fair value hierarchy level: Fair Value Measurements Using: Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Total (In thousands) September 30, 2023 Assets: Commodity derivatives $ — $ 698 $ — $ 698 Provisional oil sales — — — — Liabilities: Commodity derivatives — (28,999) — (28,999) Total $ — $ (28,301) $ — $ (28,301) December 31, 2022 Assets: Commodity derivatives $ — $ 9,069 $ — $ 9,069 Provisional oil sales — 1,170 — 1,170 Liabilities: Commodity derivatives — (7,551) — (7,551) Total $ — $ 2,688 $ — $ 2,688
Schedule of carrying values and fair values of financial instruments that are not carried at fair value	The following table presents the carrying values and fair values at September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value (In thousands) 7.125% Senior Notes $ 646,600 $ 613,444 $ 645,699 $ 558,201 7.750% Senior Notes 396,505 370,044 395,893 335,592 7.500% Senior Notes 446,104 403,574 445,564 361,958 GoM Term Loan — — 145,000 145,000 Facility 925,000 925,000 625,000 625,000 Total $ 2,414,209 $ 2,312,062 $ 2,257,156 $ 2,025,751

Equity-based Compensation (Tabl

Equity-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of outstanding restricted stock units	The following table reflects the outstanding restricted stock units as of September 30, 2023: Weighted- Market / Service Weighted- Service Vesting Average Vesting Average Restricted Stock Grant-Date Restricted Stock Grant-Date Units Fair Value Units Fair Value (In thousands) (In thousands) Outstanding at December 31, 2022 4,916 $ 4.18 12,041 $ 5.61 Granted(1) 2,699 7.59 3,419 12.25 Forfeited(1) (214) 5.46 (192) 7.98 Vested (2,755) 3.86 (2,949) 8.22 Outstanding at September 30, 2023 4,646 5.72 12,319 6.56 __________________________________ (1) The restricted stock units with a combination of market and service vesting criteria may vest between 0% and 200% of the originally granted units depending upon market performance conditions. Awards vesting over or under target shares of 100% results in additional shares granted or forfeited, respectively, in the period the market vesting criteria is determined .

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income (loss) before income taxes	Income before income taxes is composed of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) United States $ (13,425) $ 16,168 $ (62,548) $ 77,832 Foreign 150,966 313,799 392,904 459,139 Income before income taxes $ 137,541 $ 329,967 $ 330,356 $ 536,971

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of reconciliation between net income and the amounts used to compute basic and diluted net income per share and the weighted average shares outstanding used to compute basic and diluted net income per share	The following table is a reconciliation between net income and the amounts used to compute basic and diluted net income per share and the weighted average shares outstanding used to compute basic and diluted net income per share: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands, except per share data) Numerator: Net income allocable to common stockholders $ 85,185 $ 222,254 $ 191,839 $ 340,827 Denominator: Weighted average number of shares outstanding: Basic 460,108 455,840 459,477 455,158 Restricted stock units(1) 20,991 20,591 20,261 19,662 Diluted 481,099 476,431 479,738 474,820 Net income per share: Basic $ 0.19 $ 0.49 $ 0.42 $ 0.75 Diluted $ 0.18 $ 0.47 $ 0.40 $ 0.72 __________________________________ (1) We excluded restricted stock units of 0.2 million for the three months ended September 30, 2022 and 0.1 million for the nine months ended September 30, 2022 from the computations of diluted net income per share because the effect would have been anti-dilutive.

Additional Financial Informat_2

Additional Financial Information (Tables)	9 Months Ended
	Sep. 30, 2023
Additional Financial Information
Schedule of accrued liabilities	Accrued liabilities consisted of the following: September 30, December 31, (In thousands) Accrued liabilities: Exploration, development and production $ 131,208 $ 80,598 Revenue payable 25,077 26,087 Current asset retirement obligations 10,884 1,732 General and administrative expenses 26,719 32,069 Interest 47,383 44,740 Income taxes 91,023 127,183 Taxes other than income 1,225 1,524 Derivatives 1,372 6,440 Other 3,899 4,833 $ 338,790 $ 325,206
Schedule of changes in asset retirement obligations	The following table summarizes the changes in the Company's asset retirement obligations as of and during the nine months ended September 30, 2023: September 30, (In thousands) Asset retirement obligations: Beginning asset retirement obligations $ 302,534 Liabilities incurred during period 10,015 Liabilities settled during period (3,504) Revisions in estimated retirement obligations 10,340 Accretion expense 21,601 Ending asset retirement obligations $ 340,986
Schedule of other expenses, net incurred	Other expenses, net incurred during the period is comprised of the following: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) (Gain) loss on disposal of inventory $ 2,412 $ (821) $ 5,351 $ (536) Loss on asset retirement obligations liability settlements 4,733 — 4,848 620 Other, net 3,910 603 7,665 (1,404) Other expenses, net $ 11,055 $ (218) $ 17,864 $ (1,320)

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of business segment information	Financial information for each area is presented below: Ghana Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico Corporate & Other Eliminations Total (In thousands) Three months ended September 30, 2023 Revenues and other income: Oil and gas revenue $ 348,366 $ 75,014 $ — $ 102,968 $ — $ — $ 526,348 Other income, net — — — 746 80,826 (81,374) 198 Total revenues and other income 348,366 75,014 — 103,714 80,826 (81,374) 526,546 Costs and expenses: Oil and gas production 90,737 24,700 — 23,345 — — 138,782 Exploration expenses (58) 2,931 3,698 1,913 1,806 — 10,290 General and administrative 2,475 1,209 2,543 3,291 51,018 (35,416) 25,120 Depletion, depreciation and amortization 77,688 14,654 297 38,948 760 — 132,347 Interest and other financing costs, net(1) 14,368 (752) (31,438) 3,540 39,722 — 25,440 Derivatives, net — — — — 45,971 — 45,971 Other expenses, net 42,466 3,449 3,337 5,414 2,347 (45,958) 11,055 Total costs and expenses 227,676 46,191 (21,563) 76,451 141,624 (81,374) 389,005 Income (loss) before income taxes 120,690 28,823 21,563 27,263 (60,798) — 137,541 Income tax expense 42,614 12,477 — 54 (2,789) — 52,356 Net income (loss) $ 78,076 $ 16,346 $ 21,563 $ 27,209 $ (58,009) $ — $ 85,185 Consolidated capital expenditures, net $ 53,039 $ 15,821 $ 42,079 $ 76,895 $ 4,716 $ — $ 192,550 Ghana Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico Corporate & Other Eliminations Total (In thousands) Nine months ended September 30, 2023 Revenues and other income: Oil and gas revenue $ 728,465 $ 179,643 $ — $ 285,735 $ — $ — $ 1,193,843 Other income, net (425) 10 — 2,832 151,740 (154,272) (115) Total revenues and other income 728,040 179,653 — 288,567 151,740 (154,272) 1,193,728 Costs and expenses: Oil and gas production 141,973 68,623 — 75,701 — — 286,297 Exploration expenses 579 7,013 11,917 9,089 4,707 — 33,305 General and administrative 9,921 3,871 7,346 13,099 155,617 (112,123) 77,731 Depletion, depreciation and amortization 177,796 36,737 699 114,912 1,490 — 331,634 Interest and other financing costs, net(1) 42,535 (2,138) (87,087) 9,632 111,437 — 74,379 Derivatives, net — — — — 42,162 — 42,162 Other expenses, net 38,811 3,402 6,058 8,215 3,527 (42,149) 17,864 Total costs and expenses 411,615 117,508 (61,067) 230,648 318,940 (154,272) 863,372 Income (loss) before income taxes 316,425 62,145 61,067 57,919 (167,200) — 330,356 Income tax expense 112,478 25,837 — 1,119 (917) — 138,517 Net income (loss) $ 203,947 $ 36,308 $ 61,067 $ 56,800 $ (166,283) $ — $ 191,839 Consolidated capital expenditures, net $ 202,517 $ 40,777 $ 191,830 $ 125,215 $ 8,288 $ — $ 568,627 As of September 30, 2023 Property and equipment, net $ 1,243,655 $ 402,999 $ 1,672,423 $ 842,715 $ 18,177 $ — $ 4,179,969 Total assets $ 3,320,522 $ 1,738,886 $ 2,507,496 $ 3,934,860 $ 21,048,238 $ (27,580,601) $ 4,969,401 ______________________________________ (1) Interest expense is recorded based on actual third-party and intercompany debt agreements. Capitalized interest is recorded on the business unit where the assets reside. Ghana(2) Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico(3) Corporate & Other Eliminations Total (In thousands) Three months ended September 30, 2022 Revenues and other income: Oil and gas revenue $ 296,980 $ 42,473 $ — $ 116,603 $ — $ — $ 456,056 Other income, net 1 — — 698 (82,537) 81,886 48 Total revenues and other income 296,981 42,473 — 117,301 (82,537) 81,886 456,104 Costs and expenses: Oil and gas production 23,911 11,921 — 26,540 — — 62,372 Facilities insurance modifications, net 494 — — — — — 494 Exploration expenses 9,459 1,071 2,182 2,674 1,829 — 17,215 General and administrative 3,967 1,991 2,624 2,804 44,577 (31,956) 24,007 Depletion, depreciation and amortization 65,288 7,741 143 32,701 440 — 106,313 Interest and other financing costs, net(1) 16,922 (595) (18,402) 2,785 29,086 — 29,796 Derivatives, net — — — — (113,842) — (113,842) Other expenses, net (101,457) (6,464) 145 (6,317) 33 113,842 (218) Total costs and expenses 18,584 15,665 (13,308) 61,187 (37,877) 81,886 126,137 Income (loss) before income taxes 278,397 26,808 13,308 56,114 (44,660) — 329,967 Income tax expense 98,413 7,371 — (275) 2,204 — 107,713 Net income (loss) $ 179,984 $ 19,437 $ 13,308 $ 56,389 $ (46,864) $ — $ 222,254 Consolidated capital expenditures, net $ 40,871 $ 2,435 $ 114,339 $ 43,612 $ 1,834 $ — $ 203,091 Ghana(2) Equatorial Guinea Mauritania/Senegal U.S. Gulf of Mexico(3) Corporate & Other Eliminations Total (In thousands) Nine months ended September 30, 2022 Revenues and other income: Oil and gas revenue $ 1,032,551 $ 261,442 $ — $ 441,446 $ — $ — $ 1,735,439 Gain on sale of assets — — — 471 — — 471 Other income, net 1 — — 1,726 340,768 (342,352) 143 Total revenues and other income 1,032,552 261,442 — 443,643 340,768 (342,352) 1,736,053 Costs and expenses: Oil and gas production 137,030 60,384 — 79,850 — — 277,264 Facilities insurance modifications, net 7,246 — — — — — 7,246 Exploration expenses 11,433 4,047 80,271 19,770 3,135 — 118,656 General and administrative 11,379 5,008 6,890 11,181 138,783 (98,817) 74,424 Depletion, depreciation and amortization 229,074 40,729 257 115,648 1,253 — 386,961 Interest and other financing costs, net(1) 46,208 (1,682) (46,903) 8,244 86,450 — 92,317 Derivatives, net — — — — 243,534 — 243,534 Other expenses, net 215,340 17,553 (1,200) 11,355 (834) (243,534) (1,320) Total costs and expenses 657,710 126,039 39,315 246,048 472,321 (342,351) 1,199,082 Income (loss) before income taxes 374,842 135,403 (39,315) 197,595 (131,553) (1) 536,971 Income tax expense 133,193 55,420 — 2,828 4,703 — 196,144 Net income (loss) $ 241,649 $ 79,983 $ (39,315) $ 194,767 $ (136,256) $ (1) $ 340,827 Consolidated capital expenditures, net $ 32,814 $ 26,732 $ 261,755 $ 107,856 $ 4,545 $ — $ 433,702 As of September 30, 2022 Property and equipment, net $ 1,627,871 $ 385,442 $ 1,225,991 $ 881,990 $ 17,373 $ — $ 4,138,667 Total assets $ 3,211,263 $ 1,130,390 $ 1,727,997 $ 3,649,195 $ 18,987,516 $ (23,784,949) $ 4,921,412 ______________________________________ (1) Interest expense is recorded based on actual third-party and intercompany debt agreements. Capitalized interest is recorded on the business unit where the assets reside. (2) Includes activity related to the interest pre-empted by Tullow prior to the March 17, 2022 closing date of the Tullow pre-emption transaction. Additionally, cash consideration of $118.2 million is included as reduction in Consolidated capital expenditures for the nine months ended September 30, 2022. (3) Includes activity related to our acquisition of an additional interest in the Kodiak Oil Field commencing June 9, 2022, the acquisition date. Additionally, cash consideration paid of $29.0 million is included in consolidated capital expenditures for the three and nine months ended September 30, 2022. Nine Months Ended September 30, 2023 2022 (In thousands) Consolidated capital expenditures: Consolidated Statements of Cash Flows - Investing activities: Oil and gas assets $ 611,914 $ 543,349 Acquisition of oil and gas properties — 21,205 Proceeds on sale of assets — (118,703) Adjustments: Changes in capital accruals 25,441 1,511 Exploration expense, excluding unsuccessful well costs and leasehold impairments(1) 31,061 35,570 Capitalized interest (99,920) (57,489) Other 131 8,259 Total consolidated capital expenditures, net $ 568,627 $ 433,702 ______________________________________ (1) Unsuccessful well costs and leasehold impairments are included in oil and gas assets when incurred.

Organization (Details)

Organization (Details)	9 Months Ended
	Sep. 30, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable geographic areas	4

Accounting Policies - Cash, Cas

Accounting Policies - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 138,742	$ 183,405
Restricted cash - long-term	3,416	3,416
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 142,158	$ 186,821	$ 231,897	$ 174,896

Accounting Policies - Narrative

Accounting Policies - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Materials and supplies inventory	$ 141.5	$ 125.3
Hydrocarbons inventory	$ 13.5	$ 8.2

Accounting Policies - Summary o

Accounting Policies - Summary of Oil and Gas Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Provisional oil sales contracts	$ (52,687)	$ 110,262	$ (52,467)	$ (257,112)
Oil and gas revenue	526,348	456,056	1,193,843	1,735,439
Oil and gas revenue
Disaggregation of Revenue [Line Items]
Provisional oil sales contracts	(6,716)	(3,580)	(10,305)	(13,578)
Oil and gas revenue	526,348	456,056	1,193,843	1,735,439
Equatorial Guinea
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	74,998	41,178	182,738	263,532
Ghana
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	355,098	301,855	735,675	1,044,039
U.S. Gulf of Mexico
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 102,968	$ 116,603	$ 285,735	$ 441,446

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details)	1 Months Ended
	Feb. 28, 2023	Mar. 31, 2023	Feb. 28, 2023 a	Feb. 28, 2023 km²
Block EG-01 Offshore Equatorial Guinea | Petroleum Contract
Property Plant and Equipment Acquisitions and Divestitures [Line Items]
Participation interest	24%
Area of block			59,400	240
First exploration period	3 years
Block EG-01 Offshore Equatorial Guinea | Petroleum Contract | Panoro Energy ASA
Property Plant and Equipment Acquisitions and Divestitures [Line Items]
Participation interest	56%
Block EG-01 Offshore Equatorial Guinea | Petroleum Contract | Guinea Equatorial De Petroleos
Property Plant and Equipment Acquisitions and Divestitures [Line Items]
Carried participating interest	20%
Participating interest following conversion from carried participation interest	20%
Block S Offshore Equatorial Guinea | Farm Out Agreement
Property Plant and Equipment Acquisitions and Divestitures [Line Items]
Participation interest		34%
Block S Offshore Equatorial Guinea | Farm Out Agreement | Panoro Energy ASA
Property Plant and Equipment Acquisitions and Divestitures [Line Items]
Participation interest		6%

Long-term Receivables (Details)

Long-term Receivables (Details) - National Oil Companies of Mauritania And Senegal - Carry Advance Agreements - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Oil and Gas Joint Interest Billing Receivables [Line Items]
Long-term receivables	$ 243.6		$ 243.6		$ 196.9
Accrued interest on balance due	32.7		32.7		$ 21.5
Interest income, long-term notes receivable	$ 4	$ 2.5	$ 11.3	$ 6.8

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Oil and gas properties:
Proved properties	$ 7,535,104		$ 7,535,104		$ 6,953,435
Unproved properties	403,481		403,481		341,334
Total oil and gas properties	7,938,585		7,938,585		7,294,769
Accumulated depletion	(3,764,346)		(3,764,346)		(3,457,332)
Oil and gas properties, net	4,174,239		4,174,239		3,837,437
Other property	64,268		64,268		60,730
Accumulated depreciation	(58,538)		(58,538)		(55,520)
Other property, net	5,730		5,730		5,210
Property and equipment, net	4,179,969	$ 4,138,667	4,179,969	$ 4,138,667	$ 3,842,647
Depletion expense	$ 123,500	$ 100,000	$ 307,000	$ 366,400

Suspended Well Costs - Summary

Suspended Well Costs - Summary of Suspended Well Costs (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) project	Dec. 31, 2022 USD ($) project
Reconciliation of capitalized exploratory well costs on completed wells
Beginning balance	$ 145,957
Additions to capitalized exploratory well costs pending the determination of proved reserves	8,487
Reclassification due to determination of proved reserves	0
Capitalized exploratory well costs charged to expense	0
Ending balance	154,444
Aging of capitalized exploratory well costs and number of projects for which exploratory well costs were capitalized for more than one year
Exploratory well costs capitalized for a period of one year or less	0	$ 0
Exploratory well costs capitalized for a period of one to three years	34,028	32,770
Exploratory well costs capitalized for a period of four to seven years	120,416	113,187
Ending balance	$ 154,444	$ 145,957
Number of projects that have exploratory well costs that have been capitalized for a period greater than one year | project	2	2

Suspended Well Costs - Narrativ

Suspended Well Costs - Narrative (Details) - Yakaar and Teranga Discoveries - km	1 Months Ended
	Jul. 31, 2021	Sep. 30, 2019
Capitalized Contract Cost [Line Items]
Distance from Yakaar-2 well to Yakaar-1 exploration well		9
Additional term from exploration license extension	3 years

Debt - Schedule of Instruments

Debt - Schedule of Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Oct. 31, 2021	Mar. 31, 2021	Apr. 30, 2019
Line of Credit Facility [Line Items]
Total long-term debt	$ 2,425,000	$ 2,270,000
Unamortized deferred financing costs and discounts	(35,803)	(44,089)
Total debt, net	2,389,197	2,225,911
Less: Current maturities of long-term debt	0	(30,000)
Long-term debt, net	2,389,197	2,195,911
Facility | Revolving credit facility
Line of Credit Facility [Line Items]
Total long-term debt	925,000	625,000
7.125% Senior Notes | Senior Notes
Line of Credit Facility [Line Items]
Interest rate (as a percent)					7.125%
Total long-term debt	650,000	650,000
7.750% Senior Notes | Senior Notes
Line of Credit Facility [Line Items]
Interest rate (as a percent)			7.75%
Total long-term debt	400,000	400,000
7.500% Senior Notes | Senior Notes
Line of Credit Facility [Line Items]
Interest rate (as a percent)				7.50%
Total long-term debt	450,000	450,000
GoM Term Loan | Secured Debt
Line of Credit Facility [Line Items]
Total long-term debt	$ 0	$ 145,000

Debt - Facility (Details)

Debt - Facility (Details) - Facility - Revolving Credit Facility $ in Millions		9 Months Ended
	Apr. 19, 2023	Sep. 30, 2023 USD ($)	Oct. 31, 2023 USD ($)	Oct. 19, 2023 installment	Oct. 18, 2023 installment
Debt Instrument [Line Items]
Amount outstanding		$ 925
Undrawn availability		$ 220.1
Interval period for payment of interest (in months)		6 months
Commitment fees percentage		30%
Unavailable capacity commitment fee percentage		20%
Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,250
Increase in borrowing capacity			$ 104.9
Number of repayment installments | installment				6	7
Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin (as a percent)	3.75%
Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin (as a percent)	5%

Debt - Corporate Revolver (Deta

Debt - Corporate Revolver (Details) - Revolving Credit Facility - Corporate Revolver $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Debt Instrument [Line Items]
Amount outstanding	$ 0
Undrawn availability	250
Deferred financing costs	$ 6.1
Interest payment interval period maximum	6 months
Commitment fee percentage	30%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin (as a percent)	7%

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - Senior Notes - USD ($) $ in Millions	1 Months Ended
	Oct. 31, 2021	Mar. 31, 2021	Apr. 30, 2019
7.125% Senior Notes
Debt Instrument [Line Items]
Debt, face amount			$ 650
Interest rate (as a percent)			7.125%
Proceeds from debt, net of issuance costs			$ 640
7.750% Senior Notes
Debt Instrument [Line Items]
Debt, face amount	$ 400
Interest rate (as a percent)	7.75%
Proceeds from debt, net of issuance costs	$ 395
7.500% Senior Notes
Debt Instrument [Line Items]
Debt, face amount		$ 450
Interest rate (as a percent)		7.50%
Proceeds from debt, net of issuance costs		$ 444.4

Debt - GoM Term Loan (Details)

Debt - GoM Term Loan (Details) - USD ($) $ in Thousands		1 Months Ended	9 Months Ended
	Sep. 15, 2023	Sep. 30, 2020	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Debt repayment			$ 145,000	$ 322,500
GoM Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt term (in years)		5 years
Debt, face amount		$ 200,000
Net proceeds from issuance of secured debt		$ 197,700
Debt repayment	$ 137,500

Debt - Principal Debt Repayment

Debt - Principal Debt Repayments (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total		$ 2,425,000	$ 2,270,000
2023		0
2024		243,047
2025		227,450
2026		929,282
2027		575,221
Thereafter		$ 450,000
Revolving Credit Facility | Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,250,000

Debt - Debt Interest (Details)

Debt - Debt Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt Disclosure [Abstract]
Interest expense	$ 54,643	$ 45,448	$ 155,123	$ 131,626
Amortization—deferred financing costs	2,462	2,577	7,543	7,838
Loss on extinguishment of debt	1,503	0	1,503	192
Capitalized interest	(36,029)	(22,163)	(99,920)	(57,489)
Deferred interest	(488)	4	(135)	(1,436)
Interest income	(4,793)	(2,956)	(13,379)	(7,840)
Other, net	8,142	6,886	23,644	19,426
Interest and other financing costs, net	$ 25,440	$ 29,796	$ 74,379	$ 92,317

Derivative Financial Instrume_3

Derivative Financial Instruments - Oil Derivative Contracts (Details) - Dated Brent	9 Months Ended
	Sep. 30, 2023 $ / bbl MBbls
Term October 2023 To December 2023 | Three-way collars
Derivative Financial Instruments
Volume | MBbls	1,500
Weighted Average Price per Bbl
Net deferred premium payable/(receivable) (usd per bbl)	1.34
Sold Put (usd per bbl)	49.17
Floor (usd per bbl)	71.67
Ceiling (usd per bbl)	107.58
Term October 2023 To December 2023 | Two-way collars
Derivative Financial Instruments
Volume | MBbls	1,250
Weighted Average Price per Bbl
Net deferred premium payable/(receivable) (usd per bbl)	1.69
Sold Put (usd per bbl)	0
Floor (usd per bbl)	72
Ceiling (usd per bbl)	112
Term January 2024 To December 2024 | Three-way collars
Derivative Financial Instruments
Volume | MBbls	4,000
Weighted Average Price per Bbl
Net deferred premium payable/(receivable) (usd per bbl)	1.31
Sold Put (usd per bbl)	45
Floor (usd per bbl)	70
Ceiling (usd per bbl)	96.25
Term January 2024 To December 2024 | Two-way collars
Derivative Financial Instruments
Volume | MBbls	2,000
Weighted Average Price per Bbl
Net deferred premium payable/(receivable) (usd per bbl)	0.46
Sold Put (usd per bbl)	0
Floor (usd per bbl)	70
Ceiling (usd per bbl)	100
Term January 2024 To June 2024 | Two-way collars
Derivative Financial Instruments
Volume | MBbls	2,000
Weighted Average Price per Bbl
Net deferred premium payable/(receivable) (usd per bbl)	1.24
Sold Put (usd per bbl)	0
Floor (usd per bbl)	65
Ceiling (usd per bbl)	85

Derivative Financial Instrume_4

Derivative Financial Instruments - Derivative Instruments and Gain/(Loss) from Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivative instruments, Balance Sheet Location
Derivatives assets—current	$ 0	$ 7,344
Derivatives assets—long-term	698	1,725
Derivatives liabilities—current	(26,597)	(6,773)
Derivatives liabilities—long-term	(2,402)	(778)
Derivatives not designated as hedging instruments
Derivative instruments, Balance Sheet Location
Total derivatives not designated as hedging instruments	(28,301)	2,688
Derivatives not designated as hedging instruments | Commodity
Derivative instruments, Balance Sheet Location
Derivatives assets—current	0	7,344
Derivatives assets—long-term	698	1,725
Derivatives liabilities—current	(26,597)	(6,773)
Derivatives liabilities—long-term	(2,402)	(778)
Derivatives not designated as hedging instruments | Provisional oil sales
Derivative instruments, Balance Sheet Location
Derivatives assets—current	$ 0	$ 1,170

Derivative Financial Instrume_5

Derivative Financial Instruments - Location of Gain (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative instruments, Location of Gain/(Loss)
Amount of Gain/(Loss)	$ (52,687)	$ 110,262	$ (52,467)	$ (257,112)
Provisional oil sales | Oil and gas revenue
Derivative instruments, Location of Gain/(Loss)
Amount of Gain/(Loss)	(6,716)	(3,580)	(10,305)	(13,578)
Commodity | Derivatives, net
Derivative instruments, Location of Gain/(Loss)
Amount of Gain/(Loss)	$ (45,971)	$ 113,842	$ (42,162)	$ (243,534)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Company's Assets and Liabilities (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Liabilities:
Total derivatives not designated as hedging instruments	$ (28,301)	$ 2,688
Quoted Prices in Active Markets for Identical Assets (Level 1)
Liabilities:
Total derivatives not designated as hedging instruments	0	0
Significant Other Observable Inputs (Level 2)
Liabilities:
Total derivatives not designated as hedging instruments	(28,301)	2,688
Significant Unobservable Inputs (Level 3)
Liabilities:
Total derivatives not designated as hedging instruments	0	0
Commodity derivatives
Assets:
Derivative asset, fair value	698	9,069
Liabilities:
Derivative liability, fair value	(28,999)	(7,551)
Commodity derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Derivative asset, fair value	0	0
Liabilities:
Derivative liability, fair value	0	0
Commodity derivatives | Significant Other Observable Inputs (Level 2)
Assets:
Derivative asset, fair value	698	9,069
Liabilities:
Derivative liability, fair value	(28,999)	(7,551)
Commodity derivatives | Significant Unobservable Inputs (Level 3)
Assets:
Derivative asset, fair value	0	0
Liabilities:
Derivative liability, fair value	0	0
Provisional oil sales
Assets:
Derivative asset, fair value	0	1,170
Provisional oil sales | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Derivative asset, fair value	0	0
Provisional oil sales | Significant Other Observable Inputs (Level 2)
Assets:
Derivative asset, fair value	0	1,170
Provisional oil sales | Significant Unobservable Inputs (Level 3)
Assets:
Derivative asset, fair value	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Carrying Values and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Oct. 31, 2021	Mar. 31, 2021	Apr. 30, 2019
Carrying Value
Fair Value Measurements
Long-term debt	$ 2,414,209	$ 2,257,156
Fair Value
Fair Value Measurements
Long-term debt	2,312,062	2,025,751
7.125% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)					7.125%
7.125% Senior Notes | Senior Notes | Carrying Value
Fair Value Measurements
Long-term debt	646,600	645,699
7.125% Senior Notes | Senior Notes | Fair Value
Fair Value Measurements
Long-term debt	613,444	558,201
7.750% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)			7.75%
7.750% Senior Notes | Senior Notes | Carrying Value
Fair Value Measurements
Long-term debt	396,505	395,893
7.750% Senior Notes | Senior Notes | Fair Value
Fair Value Measurements
Long-term debt	370,044	335,592
7.500% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)				7.50%
7.500% Senior Notes | Senior Notes | Carrying Value
Fair Value Measurements
Long-term debt	446,104	445,564
7.500% Senior Notes | Senior Notes | Fair Value
Fair Value Measurements
Long-term debt	403,574	361,958
GoM Term Loan | Secured Debt | Carrying Value
Fair Value Measurements
Long-term debt	0	145,000
GoM Term Loan | Secured Debt | Fair Value
Fair Value Measurements
Long-term debt	0	145,000
Facility | Revolving Credit Facility | Carrying Value
Fair Value Measurements
Long-term debt	925,000	625,000
Facility | Revolving Credit Facility | Fair Value
Fair Value Measurements
Long-term debt	$ 925,000	$ 625,000

Fair Value Measurements - Narra

Fair Value Measurements - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Oct. 31, 2021	Mar. 31, 2021	Apr. 30, 2019
Fair Value Measurements
Impairment of long-lived assets	$ 0	$ 0	$ 0	$ 0
7.125% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)							7.125%
7.750% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)					7.75%
7.500% Senior Notes | Senior Notes
Fair Value Measurements
Interest rate (as a percent)						7.50%

Equity-based Compensation - Nar

Equity-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares, authorized shares (in shares)	2,000,000,000		2,000,000,000			2,000,000,000
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 10.6	$ 8.8	$ 31.8	$ 25.9
Tax benefit	1.9	1.5	5.6	4.4
Net tax (windfall) shortfall related to equity-based compensation	0	0	(3.2)	0.7
Fair value of awards vested	$ 0.2	$ 0.5	$ 44.9	$ 21.9
Vesting period (in years)			3 years
Common shares, authorized shares (in shares)					17,000,000
Number of shares remaining available for grant (in shares)	18,700,000		18,700,000
LTIP | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense not yet recognized	$ 37.5		$ 37.5
Weighted average period over which compensation expense is to be recognized (in years)			1 year 9 months 7 days
LTIP | Market/Service Vesting Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of awards granted (in dollars per share)			$ 12.25
LTIP | Market/Service Vesting Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of the awards granted (up to)			0%
Grant date fair value of awards granted (in dollars per share)			$ 1.06
Expected volatility			50%
Risk-free interest rate (as a percent)			0.20%
LTIP | Market/Service Vesting Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of the awards granted (up to)			200%
Grant date fair value of awards granted (in dollars per share)			$ 12.33
Expected volatility			105%
Risk-free interest rate (as a percent)			3.70%

Equity-based Compensation - Sch

Equity-based Compensation - Schedule of Awards (Details) - LTIP shares in Thousands	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Service Vesting Restricted Stock Units
Outstanding unvested awards activity
Outstanding at the beginning of the period (in shares) | shares	4,916
Granted (in shares) | shares	2,699
Forfeited (in shares) | shares	(214)
Vested (in shares) | shares	(2,755)
Outstanding at the end of the period (in shares) | shares	4,646
Weighted-Average Grant-Date Fair Value
Outstanding at beginning of the period (in dollars per share)	$ 4.18
Granted (in dollars per share)	7.59
Forfeited (in dollars per share)	5.46
Vested (in dollars per share)	3.86
Outstanding at the end of the period (in dollars per share)	$ 5.72
Market/Service Vesting Restricted Stock Units
Outstanding unvested awards activity
Outstanding at the beginning of the period (in shares) | shares	12,041
Granted (in shares) | shares	3,419
Forfeited (in shares) | shares	(192)
Vested (in shares) | shares	(2,949)
Outstanding at the end of the period (in shares) | shares	12,319
Weighted-Average Grant-Date Fair Value
Outstanding at beginning of the period (in dollars per share)	$ 5.61
Granted (in dollars per share)	12.25
Forfeited (in dollars per share)	7.98
Vested (in dollars per share)	8.22
Outstanding at the end of the period (in dollars per share)	6.56
Market/Service Vesting Restricted Stock Units | Minimum
Weighted-Average Grant-Date Fair Value
Granted (in dollars per share)	$ 1.06
Vesting percentage of the awards granted (as a percent)	0%
Market/Service Vesting Restricted Stock Units | Maximum
Weighted-Average Grant-Date Fair Value
Granted (in dollars per share)	$ 12.33
Vesting percentage of the awards granted (as a percent)	200%
Percent threshold target for grants and forfeitures (as a percent)	100%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Taxes
Effective tax rate (as a percent)	38%	33%	42%	37%
Statutory tax rate (as a percent)				21%
Foreign
Income Taxes
Statutory tax rate (as a percent)			0%	0%

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Taxes
Income before income taxes	$ 137,541	$ 329,967	$ 330,356	$ 536,971
United States
Income Taxes
Income before income taxes	(13,425)	16,168	(62,548)	77,832
Foreign
Income Taxes
Income before income taxes	$ 150,966	$ 313,799	$ 392,904	$ 459,139

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net income allocable to common stockholders	$ 85,185	$ 23,345	$ 83,309	$ 222,254	$ 117,173	$ 1,400	$ 191,839	$ 340,827
Weighted average number of shares outstanding:
Basic (in shares)	460,108			455,840			459,477	455,158
Restricted stock units (in shares)	20,991			20,591			20,261	19,662
Diluted (in shares)	481,099			476,431			479,738	474,820
Net income per share:
Basic (in dollars per share)	$ 0.19			$ 0.49			$ 0.42	$ 0.75
Diluted (in dollars per share)	$ 0.18			$ 0.47			$ 0.40	$ 0.72
Outstanding restricted stock units excluded from the computations of diluted net income per share (in shares)				200				100

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($) well	Dec. 31, 2022 USD ($)
Greater Tortue FPSO | BP Operator
Operating Leased Assets [Line Items]
Contract liability, noncurrent | $	$ 200.2
Equatorial Guinea
Operating Leased Assets [Line Items]
Number of development wells | well	3
Number of exploration wells | well	1
U.S. Gulf of Mexico | Bureau of Ocean Energy Management | Surety Bond
Operating Leased Assets [Line Items]
Required performance bonds | $	$ 192	$ 205.2

Additional Financial Informat_3

Additional Financial Information - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued liabilities:
Exploration, development and production	$ 131,208	$ 80,598
Revenue payable	25,077	26,087
Current asset retirement obligations	10,884	1,732
General and administrative expenses	26,719	32,069
Interest	47,383	44,740
Income taxes	91,023	127,183
Taxes other than income	1,225	1,524
Derivatives	1,372	6,440
Other	3,899	4,833
Accrued liabilities	$ 338,790	$ 325,206

Additional Financial Informat_4

Additional Financial Information - Schedule of Changes in Asset Retirement Obligations (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Asset retirement obligations:
Beginning asset retirement obligations	$ 302,534
Liabilities incurred during period	10,015
Liabilities settled during period	(3,504)
Revisions in estimated retirement obligations	10,340
Accretion expense	21,601
Ending asset retirement obligations	$ 340,986

Additional Financial Informat_5

Additional Financial Information - Other Expenses, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Additional Financial Information
(Gain) loss on disposal of inventory	$ 2,412	$ (821)	$ 5,351	$ (536)
Loss on asset retirement obligations liability settlements	4,733	0	4,848	620
Other, net	3,910	603	7,665	(1,404)
Other expenses, net	$ 11,055	$ (218)	$ 17,864	$ (1,320)

Business Segment Information -

Business Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	4

Business Segment Information _2

Business Segment Information - Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Oil and gas revenue	$ 526,348			$ 456,056			$ 1,193,843	$ 1,735,439
Gain on sale of assets	0			0			0	471
Other income, net	198			48			(115)	143
Total revenues and other income	526,546			456,104			1,193,728	1,736,053
Oil and gas production	138,782			62,372			286,297	277,264
Facilities insurance modifications, net	0			494			0	7,246
Exploration expenses	10,290			17,215			33,305	118,656
General and administrative	25,120			24,007			77,731	74,424
Depletion, depreciation and amortization	132,347			106,313			331,634	386,961
Interest and other financing costs, net	25,440			29,796			74,379	92,317
Derivatives, net	45,971			(113,842)			42,162	243,534
Other expenses, net	11,055			(218)			17,864	(1,320)
Total costs and expenses	389,005			126,137			863,372	1,199,082
Income before income taxes	137,541			329,967			330,356	536,971
Income tax expense	52,356			107,713			138,517	196,144
Net income	85,185	$ 23,345	$ 83,309	222,254	$ 117,173	$ 1,400	191,839	340,827
Consolidated capital expenditures, net	192,550			203,091			568,627	433,702
Property and equipment, net	4,179,969			4,138,667			4,179,969	4,138,667	$ 3,842,647
Total assets	4,969,401			4,921,412			4,969,401	4,921,412	$ 4,579,988
Proceeds on sale of assets							0	118,703
Jubilee Unit Area And Ten Fields | Tullow
Segment Reporting Information [Line Items]
Proceeds on sale of assets								118,200
Kodiak Field | Marubeni
Segment Reporting Information [Line Items]
Business combination, consideration transferred				29,000				29,000
Operating Segments | Ghana
Segment Reporting Information [Line Items]
Oil and gas revenue	348,366			296,980			728,465	1,032,551
Gain on sale of assets								0
Other income, net	0			1			(425)	1
Total revenues and other income	348,366			296,981			728,040	1,032,552
Oil and gas production	90,737			23,911			141,973	137,030
Facilities insurance modifications, net				494				7,246
Exploration expenses	(58)			9,459			579	11,433
General and administrative	2,475			3,967			9,921	11,379
Depletion, depreciation and amortization	77,688			65,288			177,796	229,074
Interest and other financing costs, net	14,368			16,922			42,535	46,208
Derivatives, net	0			0			0	0
Other expenses, net	42,466			(101,457)			38,811	215,340
Total costs and expenses	227,676			18,584			411,615	657,710
Income before income taxes	120,690			278,397			316,425	374,842
Income tax expense	42,614			98,413			112,478	133,193
Net income	78,076			179,984			203,947	241,649
Consolidated capital expenditures, net	53,039			40,871			202,517	32,814
Property and equipment, net	1,243,655			1,627,871			1,243,655	1,627,871
Total assets	3,320,522			3,211,263			3,320,522	3,211,263
Operating Segments | Equatorial Guinea
Segment Reporting Information [Line Items]
Oil and gas revenue	75,014			42,473			179,643	261,442
Gain on sale of assets								0
Other income, net	0			0			10	0
Total revenues and other income	75,014			42,473			179,653	261,442
Oil and gas production	24,700			11,921			68,623	60,384
Facilities insurance modifications, net				0				0
Exploration expenses	2,931			1,071			7,013	4,047
General and administrative	1,209			1,991			3,871	5,008
Depletion, depreciation and amortization	14,654			7,741			36,737	40,729
Interest and other financing costs, net	(752)			(595)			(2,138)	(1,682)
Derivatives, net	0			0			0	0
Other expenses, net	3,449			(6,464)			3,402	17,553
Total costs and expenses	46,191			15,665			117,508	126,039
Income before income taxes	28,823			26,808			62,145	135,403
Income tax expense	12,477			7,371			25,837	55,420
Net income	16,346			19,437			36,308	79,983
Consolidated capital expenditures, net	15,821			2,435			40,777	26,732
Property and equipment, net	402,999			385,442			402,999	385,442
Total assets	1,738,886			1,130,390			1,738,886	1,130,390
Operating Segments | Mauritania/Senegal
Segment Reporting Information [Line Items]
Oil and gas revenue	0			0			0	0
Gain on sale of assets								0
Other income, net	0			0			0	0
Total revenues and other income	0			0			0	0
Oil and gas production	0			0			0	0
Facilities insurance modifications, net				0				0
Exploration expenses	3,698			2,182			11,917	80,271
General and administrative	2,543			2,624			7,346	6,890
Depletion, depreciation and amortization	297			143			699	257
Interest and other financing costs, net	(31,438)			(18,402)			(87,087)	(46,903)
Derivatives, net	0			0			0	0
Other expenses, net	3,337			145			6,058	(1,200)
Total costs and expenses	(21,563)			(13,308)			(61,067)	39,315
Income before income taxes	21,563			13,308			61,067	(39,315)
Income tax expense	0			0			0	0
Net income	21,563			13,308			61,067	(39,315)
Consolidated capital expenditures, net	42,079			114,339			191,830	261,755
Property and equipment, net	1,672,423			1,225,991			1,672,423	1,225,991
Total assets	2,507,496			1,727,997			2,507,496	1,727,997
Operating Segments | U.S. Gulf of Mexico
Segment Reporting Information [Line Items]
Oil and gas revenue	102,968			116,603			285,735	441,446
Gain on sale of assets								471
Other income, net	746			698			2,832	1,726
Total revenues and other income	103,714			117,301			288,567	443,643
Oil and gas production	23,345			26,540			75,701	79,850
Facilities insurance modifications, net				0				0
Exploration expenses	1,913			2,674			9,089	19,770
General and administrative	3,291			2,804			13,099	11,181
Depletion, depreciation and amortization	38,948			32,701			114,912	115,648
Interest and other financing costs, net	3,540			2,785			9,632	8,244
Derivatives, net	0			0			0	0
Other expenses, net	5,414			(6,317)			8,215	11,355
Total costs and expenses	76,451			61,187			230,648	246,048
Income before income taxes	27,263			56,114			57,919	197,595
Income tax expense	54			(275)			1,119	2,828
Net income	27,209			56,389			56,800	194,767
Consolidated capital expenditures, net	76,895			43,612			125,215	107,856
Property and equipment, net	842,715			881,990			842,715	881,990
Total assets	3,934,860			3,649,195			3,934,860	3,649,195
Corporate & Other
Segment Reporting Information [Line Items]
Oil and gas revenue	0			0			0	0
Gain on sale of assets								0
Other income, net	80,826			(82,537)			151,740	340,768
Total revenues and other income	80,826			(82,537)			151,740	340,768
Oil and gas production	0			0			0	0
Facilities insurance modifications, net				0				0
Exploration expenses	1,806			1,829			4,707	3,135
General and administrative	51,018			44,577			155,617	138,783
Depletion, depreciation and amortization	760			440			1,490	1,253
Interest and other financing costs, net	39,722			29,086			111,437	86,450
Derivatives, net	45,971			(113,842)			42,162	243,534
Other expenses, net	2,347			33			3,527	(834)
Total costs and expenses	141,624			(37,877)			318,940	472,321
Income before income taxes	(60,798)			(44,660)			(167,200)	(131,553)
Income tax expense	(2,789)			2,204			(917)	4,703
Net income	(58,009)			(46,864)			(166,283)	(136,256)
Consolidated capital expenditures, net	4,716			1,834			8,288	4,545
Property and equipment, net	18,177			17,373			18,177	17,373
Total assets	21,048,238			18,987,516			21,048,238	18,987,516
Eliminations
Segment Reporting Information [Line Items]
Oil and gas revenue	0			0			0	0
Gain on sale of assets								0
Other income, net	(81,374)			81,886			(154,272)	(342,352)
Total revenues and other income	(81,374)			81,886			(154,272)	(342,352)
Oil and gas production	0			0			0	0
Facilities insurance modifications, net				0				0
Exploration expenses	0			0			0	0
General and administrative	(35,416)			(31,956)			(112,123)	(98,817)
Depletion, depreciation and amortization	0			0			0	0
Interest and other financing costs, net	0			0			0	0
Derivatives, net	0			0			0	0
Other expenses, net	(45,958)			113,842			(42,149)	(243,534)
Total costs and expenses	(81,374)			81,886			(154,272)	(342,351)
Income before income taxes	0			0			0	(1)
Income tax expense	0			0			0	0
Net income	0			0			0	(1)
Consolidated capital expenditures, net	0			0			0	0
Property and equipment, net	0			0			0	0
Total assets	$ (27,580,601)			$ (23,784,949)			$ (27,580,601)	$ (23,784,949)

Business Segment Information _3

Business Segment Information - Consolidated Capital Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Oil and gas assets			$ 611,914	$ 543,349
Acquisition of oil and gas properties			0	21,205
Proceeds on sale of assets			0	(118,703)
Changes in capital accruals			25,441	1,511
Exploration expense, excluding unsuccessful well costs and leasehold impairments			31,061	35,570
Capitalized interest			(99,920)	(57,489)
Other			131	8,259
Total consolidated capital expenditures, net	$ 192,550	$ 203,091	$ 568,627	$ 433,702