Permian Resources (PR) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Nov. 01, 2023
Document Information [Line Items]
Entity Address, Address Line Two	Suite 1000
Entity Address, Address Line One	300 N. Marienfeld St.
Entity Address, City or Town	Midland
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	79701
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-37697
Entity Registrant Name	PERMIAN RESOURCES CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-5381253
City Area Code	432
Local Phone Number	695-4222
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	PR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001658566
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		509,026,708
Class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		264,740,115

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 211,703	$ 59,545
Accounts receivable, net	339,495	282,846
Derivative instruments	2,662	100,797
Prepaid and other current assets	11,330	20,602
Total current assets	565,190	463,790
Oil and natural gas properties, successful efforts method
Unproved properties	1,373,138	1,424,744
Proved properties	10,112,084	8,869,174
Accumulated depreciation, depletion and amortization	(3,037,676)	(2,419,692)
Total oil and natural gas properties, net	8,447,546	7,874,226
Other property and equipment, net	39,271	15,173
Total property and equipment, net	8,486,817	7,889,399
Noncurrent assets
Operating lease right-of-use assets	58,446	64,792
Other noncurrent assets	99,345	74,611
TOTAL ASSETS	9,209,798	8,492,592
Current liabilities
Accounts payable and accrued expenses	665,359	562,156
Operating lease liabilities	34,266	29,759
Derivative instruments	35,748	1,998
Other current liabilities	24,638	11,656
Total current liabilities	760,011	605,569
Noncurrent liabilities
Long-term debt, net	2,254,178	2,140,798
Asset retirement obligations	44,393	40,947
Deferred income taxes	83,416	4,430
Operating lease liabilities	26,156	41,341
Other Liabilities, Noncurrent	74,708	3,211
Total liabilities	3,242,862	2,836,296
Commitments and contingencies (Note 12)
Shareholders’ equity
Additional paid-in capital	3,278,846	2,698,465
Retained earnings (accumulated deficit)	375,933	237,226
Total shareholders' equity	3,654,836	2,935,748
Noncontrolling interest	2,312,100	2,720,548
Total equity	5,966,936	5,656,296
TOTAL LIABILITIES AND EQUITY	9,209,798	8,492,592
Class A
Shareholders’ equity
Common stock	35	30
Class C
Shareholders’ equity
Common stock	$ 22	$ 27

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating revenues
Oil and gas sales	$ 758,541	$ 549,778	$ 1,998,207	$ 1,369,709
Operating expenses
Lease operating expenses	85,810	40,944	243,333	98,578
Severance and ad valorem taxes	58,942	41,745	156,378	101,491
Gathering, processing and transportation expenses	20,731	30,022	57,966	77,669
Depreciation, depletion and amortization	236,204	109,500	640,149	262,626
General and administrative expenses	34,519	43,387	122,729	83,937
Merger and integration expense	10,422	59,270	28,071	64,955
Impairment and abandonment expense	245	498	734	3,631
Exploration and other expenses	5,031	2,352	14,668	6,613
Total operating expenses	451,904	327,718	1,264,028	699,500
Net gain (loss) on sale of long-lived assets	63	(3)	129	(1,327)
Income (loss) from operations	306,700	222,057	734,308	668,882
Other income (expense)
Interest expense	(40,582)	(28,807)	(114,185)	(56,287)
Net gain (loss) on derivative instruments	(151,781)	181,308	(76,668)	17,651
Other income (expense)	246	115	685	318
Total other income (expense)	(192,117)	152,616	(190,168)	(38,318)
Income (loss) before income taxes	114,583	374,673	544,140	630,564
Income tax (expense) benefit	(16,254)	(31,169)	(77,056)	(79,432)
Net income (loss)	98,329	343,504	467,084	551,132
Less: Net (income) loss attributable to noncontrolling interest	(52,896)	(119,145)	(246,132)	(119,145)
Net income (loss) attributable to Class A Common Stock	$ 45,433	$ 224,359	$ 220,952	$ 431,987
Income (loss) per share of Class A Common Stock:
Basic (USD per share)	$ 0.14	$ 0.78	$ 0.71	$ 1.51
Diluted (USD per share)	$ 0.13	$ 0.70	$ 0.64	$ 1.36

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)		$ 467,084	$ 551,132
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization		640,149	262,626
Stock-based compensation expense - equity awards		69,585	60,971
Stock-based compensation expense - liability awards		0	(24,174)
Impairment and abandonment expense		734	3,631
Deferred tax expense (benefit)		73,453	78,832
Net (gain) loss on sale of long-lived assets		(129)	1,327
Non-cash portion of derivative (gain) loss		165,573	(166,372)
Amortization of debt issuance costs and debt discount		11,858	12,555
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable		(57,787)	(6,753)
(Increase) decrease in prepaid and other assets		(27,810)	(38)
Increase (decrease) in accounts payable and other liabilities		24,795	69,639
Net cash provided by operating activities		1,367,505	843,376
Cash flows from investing activities:
Acquisition of oil and natural gas properties, net		(116,869)	(4,866)
Drilling and development capital expenditures		(1,066,693)	(397,892)
Payments to Acquire Businesses, Net of Cash Acquired		0	496,671
Purchases of other property and equipment		(30,828)	(3,199)
Contingent considerations received related to divestiture		60,000	0
Proceeds from sales of oil and natural gas properties		59,203	6,190
Net cash used in investing activities		(1,095,187)	(896,438)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility		1,050,000	970,000
Repayment of borrowings under revolving credit facility		(1,435,000)	(445,000)
Repayment of credit facility acquired in the Colgate Merger		0	(400,000)
Proceeds from the issuance of 2032 Senior Notes		500,000	0
Debt issuance costs		(6,950)	(19,611)
Proceeds from exercise of stock options		514	46
Share repurchases		(95,448)	(16,241)
Dividends paid		(80,793)	0
Dividend distributions paid to noncontrolling interest owners		(62,296)	0
Net cash provided by (used in) financing activities		(129,973)	89,194
Net increase (decrease) in cash, cash equivalents and restricted cash		142,345	36,132
Cash, cash equivalents and restricted cash, beginning of period		69,932	9,935
Cash, cash equivalents and restricted cash, end of period		212,277	46,067
Supplemental cash flow information
Cash paid for interest		119,469	36,653
Cash paid for income taxes		3,603	600
Fair value of equity issued and long-term debt assumed in the Merger		0	3,526,688
Supplemental non-cash activity
Accrued capital expenditures included in accounts payable and accrued expenses		233,160	95,149
Deferred tax liability assumed in asset acquisition		24,801	0
Asset retirement obligations incurred, including revisions to estimates		1,908	22,068
Dividends payable		2,509	0
Restricted Cash and Cash Equivalents [Abstract]
Cash and cash equivalents		211,703	45,514
Restricted cash	[1]	574	553
Total cash, cash equivalents and restricted cash		$ 212,277	$ 46,067
[1]Included in Prepaid and other current assets as of September 30, 2023 and September 30, 2022 in the consolidated balance sheets.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A	Class C	Total Shareholders’ Equity	Common Stock Class A	Common Stock Class C	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Noncontrolling Interest
Balance at beginning of period at Dec. 31, 2021	$ 2,750,720			$ 2,750,720	$ 29	$ 0	$ 3,013,017	$ (262,326)	$ 0
Shares issued, beginning (in shares) at Dec. 31, 2021					294,261,000	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					20,000
Restricted stock forfeited (in shares)					(52,000)
Stock purchased from employees for taxes due upon share vesting (in shares)					(150,000)
Share repurchases - Class A	(1,259)			(1,259)			(1,259)
Stock option exercises (in shares)					3,000
Stock option exercises	1			1			1
Issuance of Common Stock under Employee Stock Purchase Plan (in shares)					53,000
Issuance of Common Stock under Employee Stock Purchase Plan	268			268			268
Stock-based compensation - equity awards	5,545			5,545			5,545
Net income (loss)	15,802			15,802				15,802
Shares issued, ending (in shares) at Mar. 31, 2022					294,135,000	0
Balance at end of period at Mar. 31, 2022	2,771,077			2,771,077	$ 29	$ 0	3,017,572	(246,524)	0
Balance at beginning of period at Dec. 31, 2021	2,750,720			2,750,720	$ 29	$ 0	3,013,017	(262,326)	0
Shares issued, beginning (in shares) at Dec. 31, 2021					294,261,000	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	551,132
Shares issued, ending (in shares) at Sep. 30, 2022					298,196,000	269,300,000
Balance at end of period at Sep. 30, 2022	5,520,526			2,824,492	$ 30	$ 27	2,654,774	169,661	2,696,034
Balance at beginning of period at Dec. 31, 2021	2,750,720			2,750,720	$ 29	$ 0	3,013,017	(262,326)	0
Shares issued, beginning (in shares) at Dec. 31, 2021					294,261,000	0
Shares issued, ending (in shares) at Dec. 31, 2022		298,640,260	269,300,000		298,640,000	269,300,000
Balance at end of period at Dec. 31, 2022	5,656,296			2,935,748	$ 30	$ 27	2,698,465	237,226	2,720,548
Balance at beginning of period at Mar. 31, 2022	2,771,077			2,771,077	$ 29	$ 0	3,017,572	(246,524)	0
Shares issued, beginning (in shares) at Mar. 31, 2022					294,135,000	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					2,998,000
Restricted stock issued	1			1	$ 1
Restricted stock forfeited (in shares)					(75,000)
Stock option exercises (in shares)					2,000
Stock option exercises	7			7			7
Stock-based compensation - equity awards	6,657			6,657			6,657
Net income (loss)	191,826			191,826				191,826
Shares issued, ending (in shares) at Jun. 30, 2022					297,060,000	0
Balance at end of period at Jun. 30, 2022	2,969,568			2,969,568	$ 30	$ 0	3,024,236	(54,698)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					3,141,000
Issuance of Class C Common Stock (in shares)						269,300,000
Issuance of Class C Common Stock	2,175,944			(400,945)		$ 27	(400,972)		2,576,889
Restricted stock forfeited (in shares)					(2,000)
Stock purchased from employees for taxes due upon share vesting (in shares)					(2,234,000)
Share repurchases - Class A				(16,725)			(16,725)
Stock option exercises (in shares)					5,000
Stock option exercises	38			38			38
Issuance of Common Stock under Employee Stock Purchase Plan (in shares)					67,000
Issuance of Common Stock under Employee Stock Purchase Plan	336			336			336
Performance stock vested and issued (in shares)					159,000
Performance stock vested and issued	(908)			(908)			(908)
Stock-based compensation - equity awards	48,769			48,769			48,769
Net income (loss)	343,504			224,359				224,359	119,145
Shares issued, ending (in shares) at Sep. 30, 2022					298,196,000	269,300,000
Balance at end of period at Sep. 30, 2022	5,520,526			2,824,492	$ 30	$ 27	2,654,774	169,661	2,696,034
Balance at beginning of period at Dec. 31, 2022	5,656,296			2,935,748	$ 30	$ 27	2,698,465	237,226	2,720,548
Shares issued, beginning (in shares) at Dec. 31, 2022		298,640,260	269,300,000		298,640,000	269,300,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					359,000
Restricted stock forfeited (in shares)					(298,000)
Stock purchased from employees for taxes due upon share vesting (in shares)					(3,384,000)
Share repurchases - Class A	(32,160)			(32,160)			(32,160)
Stock option exercises (in shares)					39,000
Stock option exercises	231			231			231
Issuance of Common Stock under Employee Stock Purchase Plan (in shares)					56,000
Issuance of Common Stock under Employee Stock Purchase Plan	241			241			241
Performance stock vested and issued (in shares)					5,406,000
Stock-based compensation - equity awards	17,871			17,871			17,871
Dividends	(15,669)			(15,669)				(15,669)
Distributions to noncontrolling interest owners	(13,950)								(13,950)
Share repurchase (in shares)			(2,750,000)
Share repurchase - Class C	(29,418)								(29,418)
Conversion of common shares from Class C to Class A, net of tax (in shares)					20,906,000	(20,906,000)
Conversion of common shares from Class C to Class A, net of tax	2,416			217,280	$ 2	$ (2)	217,280		(214,864)
Equity impact from transactions effecting Common Units, net of tax expense	3,027			(10,400)			(10,400)		13,427
Net income (loss)	219,801			102,120				102,120	117,681
Shares issued, ending (in shares) at Mar. 31, 2023					321,724,000	245,644,000
Balance at end of period at Mar. 31, 2023	5,808,686			3,215,262	$ 32	$ 25	2,891,528	323,677	2,593,424
Balance at beginning of period at Dec. 31, 2022	$ 5,656,296			2,935,748	$ 30	$ 27	2,698,465	237,226	2,720,548
Shares issued, beginning (in shares) at Dec. 31, 2022		298,640,260	269,300,000		298,640,000	269,300,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)	76,834
Share repurchase (in shares)	(5,000,000)
Net income (loss)	$ 467,084
Shares issued, ending (in shares) at Sep. 30, 2023		354,470,922	215,223,134		354,471,000	215,223,000
Balance at end of period at Sep. 30, 2023	5,966,936			3,654,836	$ 35	$ 22	3,278,846	375,933	2,312,100
Balance at beginning of period at Mar. 31, 2023	5,808,686			3,215,262	$ 32	$ 25	2,891,528	323,677	2,593,424
Shares issued, beginning (in shares) at Mar. 31, 2023					321,724,000	245,644,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					373,000
Restricted stock forfeited (in shares)					(357,000)
Stock purchased from employees for taxes due upon share vesting (in shares)					(602,000)
Share repurchases - Class A	(5,949)			(5,949)	$ (1)		(5,948)
Stock option exercises (in shares)					7,000
Stock option exercises	(1)			(1)			(1)
Performance stock vested and issued (in shares)					3,290,000
Performance stock vested and issued	0				$ 1		(1)
Stock-based compensation - equity awards	35,694			35,694			35,694
Dividends	(33,195)			(33,195)				(33,195)
Distributions to noncontrolling interest owners	(24,558)								(24,558)
Conversion of common shares from Class C to Class A, net of tax (in shares)					1,011,000	(1,011,000)
Conversion of common shares from Class C to Class A, net of tax	57			10,882	$ 1	$ (1)	10,882		(10,825)
Equity impact from transactions effecting Common Units, net of tax expense	(3,678)			12,631			12,631		(16,309)
Net income (loss)	148,954			73,399				73,399	75,555
Shares issued, ending (in shares) at Jun. 30, 2023					325,446,000	244,633,000
Balance at end of period at Jun. 30, 2023	5,926,010			3,308,723	$ 33	$ 24	2,944,785	363,881	2,617,287
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)					174,000
Restricted stock forfeited (in shares)					(65,000)
Stock option exercises (in shares)					30,000
Stock option exercises	284			284			284
Performance stock vested and issued (in shares)					1,676,000
Stock-based compensation - equity awards	16,020			16,020			16,020
Dividends	(33,381)			(33,381)				(33,381)
Distributions to noncontrolling interest owners	(24,413)								(24,413)
Share repurchase (in shares)			(2,200,000)
Share repurchase - Class C	(27,921)								(27,921)
Conversion of common shares from Class C to Class A, net of tax (in shares)					27,210,000	(27,210,000)
Conversion of common shares from Class C to Class A, net of tax	14,106			310,551	$ 2	$ (2)	310,551		(296,445)
Equity impact from transactions effecting Common Units, net of tax expense	(2,098)			7,206			7,206		(9,304)
Net income (loss)	98,329			45,433				45,433	52,896
Shares issued, ending (in shares) at Sep. 30, 2023		354,470,922	215,223,134		354,471,000	215,223,000
Balance at end of period at Sep. 30, 2023	$ 5,966,936			$ 3,654,836	$ 35	$ 22	$ 3,278,846	$ 375,933	$ 2,312,100

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Equity impact, tax expense (benefit)	$ 2.1	$ 3.7	$ (3)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Sep. 30, 2023 $ / shares shares
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Common stock, shares authorized (in shares)	1,500,000,000
Class A
Common stock, shares issued (in shares)	354,470,922
Common stock, shares outstanding (in shares)	350,725,718
Class C
Common stock, shares issued (in shares)	215,223,134
Common stock, shares outstanding (in shares)	215,223,134

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note 1—Basis of Presentation and Summary of Significant Accounting Policies Description of Business Permian Resources Corporation is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of crude oil and associated liquids-rich natural gas reserves. The Company’s assets and operations are concentrated in the Delaware Basin, a sub-basin of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico. Unless otherwise specified or the context otherwise requires, all references in these notes to “Permian Resources” or the “Company” are to Permian Resources Corporation and its consolidated subsidiaries including, Permian Resources Operating, LLC (“OpCo”). Principles of Consolidation and Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, certain disclosures normally included in an Annual Report on Form 10-K have been omitted. The consolidated financial statements and related notes included in this Quarterly Report should be read in conjunction with the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2022 (the “2022 Annual Report”). Except as disclosed herein, there have been no material changes to the information disclosed in the notes to the consolidated financial statements included in the Company’s 2022 Annual Report. In the opinion of management, all normal, recurring adjustments and accruals considered necessary to present fairly, in all material respects, the Company’s interim financial results have been included. Operating results for the periods presented are not necessarily indicative of expected results for the full year. The consolidated financial statements include the accounts of the Company and its subsidiary OpCo, and OpCo’s wholly-owned subsidiaries. Noncontrolling interest represents third-party ownership in OpCo and is presented as a component of equity. Refer to Note 9—Shareholders’ Equity and Noncontrolling Interest for a discussion of noncontrolling interest. Use of Estimates The preparation of the Company’s consolidated financial statements requires the Company’s management to make various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events, and accordingly, actual results could differ from amounts previously established. Additionally, the prices received for oil, natural gas and NGL production can heavily influence the Company’s assumptions, judgments and estimates, and continued volatility of oil and gas prices could have a significant impact on the Company’s estimates. The more significant areas requiring the use of assumptions, judgments and estimates include: (i) oil and natural gas reserves; (ii) cash flow estimates used in impairment tests for long-lived assets; (iii) impairment expense of unproved properties; (iv) depreciation, depletion and amortization; (v) asset retirement obligations; (vi) determining fair value and allocating purchase price in connection with business combinations and asset acquisitions; (vii) accrued revenues and related receivables; (viii) accrued liabilities; (ix) derivative valuations; (x) deferred income taxes; and (xi) determining the fair values of certain stock-based compensation awards. Leases The Company has operating leases for drilling rig contracts, office rental agreements and other wellhead equipment. During the nine months ended September 30, 2023, the Company entered into additional wellhead equipment lease agreements for assets placed into service and recorded lease right-of-use assets and related liabilities based on the present value of future lease payments over the equipment lease terms. As of September 30, 2023, the Company had recorded in aggregate a $15.4 million current operating lease liability and a $14.1 million noncurrent operating lease liability related to these wellhead equipment agreements. In April 2023, the Company purchased an office building in Midland, Texas for $27.5 million, where it had previously been a lessee of the building at the time of purchase. As a result of this purchase, $9.3 million of operating lease right-of-use assets and $13.6 million of operating lease liabilities were removed from the consolidated balance sheet as of September 30, 2023. As part of the building purchase, the Company also assumed a ninety-nine year ground lease and accordingly, recorded a financing lease liability of $15.5 million as of September 30, 2023, which represents the present value of the future payment obligations under its lease term. The lease payments start at $0.8 million per year and escalate 2.5% annually until year 2076. The corresponding right-of-use asset recognized for this ground lease amounted to $15.2 million as of September 30, 2023. The following table provides additional information related to the Company’s lease assets and liabilities as presented on balance sheet for the periods presented: (in thousands) Balance Sheet Classification September 30, 2023 December 31, 2022 Assets Operating right-of-use assets Operating lease right-of-use asset $ 58,446 $ 64,792 Finance right-of-use asset Other noncurrent assets 15,228 — Liabilities Current Operating lease liabilities Operating lease liabilities $ 34,266 $ 29,759 Finance lease liability Other current liabilities 748 — Noncurrent Operating lease liabilities Operating lease liabilities $ 26,156 $ 41,341 Finance lease liability Other noncurrent liabilities 14,735 — There have been no other significant changes in leases during the nine months ended September 30, 2023. Refer to Note 16—Leases in the notes to the consolidated financial statements in Part II, Item 8 of the Company’s 2022 Annual Report. Income Taxes The Company is subject to U.S. federal, state and local income taxes with respect to its allocable share of any taxable income or loss of OpCo, as well as any stand-alone income or loss generated by the Company. As of the date of the Colgate Merger (defined below), OpCo is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, OpCo is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by OpCo is passed through to and included in the taxable income or loss of its members, including the Company, on a pro rata basis corresponding to the percentage of Common Units in OpCo owned. Prior to the Colgate Merger, OpCo was fully owned by the Company and all income and loss was taxable.

Business Combinations and Asset

Business Combinations and Asset Acquisitions	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Note 2—Acquisitions and Divestitures Earthstone Merger On August 21, 2023, the Company entered into an Agreement and Plan of Merger (“the Merger Agreement”) with Earthstone Energy, Inc. (“Earthstone”) pursuant to which Permian Resources acquired Earthstone (the “Earthstone Merger”). Earthstone was an independent oil and gas company engaged in the operation and development of oil and natural gas properties in the Permian Basin in both Texas and New Mexico. Earthstone’s assets consisted of approximately 167,000 net leasehold acres in the Midland Basin and 56,000 net leasehold acres in the Delaware Basin, and Earthstone’s Delaware Basin acreage is offset to Permian Resources’ existing acreage in Lea and Eddy Counties. The Merger was completed to drive long-term accretion across the Company’s key financial and operating metrics, enhance shareholder returns, improve capital efficiency, and add significant core inventory locations to the Company’s existing position in the Permian Basin. In connection with the Merger, the Board of Directors of both companies unanimously determined (i) each share of Earthstone Class A Common Stock would be converted into the right to receive 1.446 shares (the “Exchange Ratio”) of Permian Resources Class A Common Stock, (ii) each share of Earthstone Class B Common Stock would be converted into the right to receive 1.446 shares of Permian Resources Class C Common Stock, (iii) each common unit of Earthstone Energy Holdings, LLC, a subsidiary of Earthstone (“Earthstone OpCo”) representing limited liability company membership interests in Earthstone OpCo would be converted into the right to receive a number of common units representing limited liability company interests in OpCo (“Common Units”), equal to the Exchange Ratio, and (iv) all existing shares of Permian Resources Common Stock would remain outstanding. The companies have filed their definitive proxy statements with the SEC, and the shareholder meetings were held October 30, 2023, where the Company’s and Earthstone’s shareholders approved the Earthstone Merger. On November 1, 2023 the Earthstone Merger was completed and the Company issued 161.0 million shares of its Class A Common Stock and 49.5 million shares of its Class C Common Stock to Earthstone stockholders under the terms of the Merger Agreement, and the Company also assumed Earthstone’s debt upon closing of Merger, which consisted of $1.05 billion of senior notes and all borrowings outstanding under its credit facility at closing. Based on the closing price of the Company's Class A Common Stock on November 1, 2023, the preliminary value of the share consideration was approximately $3.0 billion. The Earthstone Merger will be accounted for as a business combination using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations , with the Company being identified as the acquirer for accounting purposes. Under the acquisition method of accounting, the assets and liabilities of Earthstone will be recorded at their respective fair values as of the November 1, 2023 acquisition date. The preliminary purchase price allocation and accounting is not complete as of the date of this report due to the timing of the close of the Earthstone Merger. Although this Quarterly Report on Form 10-Q was filed after the completion of the Earthstone Merger, information set forth herein only relates to the results of operations for Permian Resources for the quarter and year-to-date periods ended September 30, 2023 and 2022 and does not include any financial information for Earthstone for such periods. The post-acquisition results of operations of Earthstone for the last two months of the fourth quarter of 2023 will be included in the Company's consolidated results for the period ending December 31, 2023. 2023 Bolt-On Acquisition On February 16, 2023, the Company completed the acquisition of approximately 4,000 net leasehold acres and 3,300 net royalty acres for an unadjusted purchase price of $98 million. The acquired assets consist largely of undeveloped acreage that is contiguous to one of the Company’s existing core acreage blocks in Lea County, New Mexico. The acquisition was recorded as an asset acquisition in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations . Total consideration paid was $107.3 million after settlement statement adjustments, of which $61.8 million was allocated to unproved properties and $60.5 million to proved properties on a relative fair value basis, $9.8 million to net working capital (including $11.3 million in cash acquired), less a deferred tax liability assumed of $24.8 million. As of September 30, 2023, the Company incurred $1.6 million in direct transaction costs related to this purchase that have been capitalized as acquisition costs. 2023 SWD Divestiture On March 13, 2023, the Company completed the sale of its operated saltwater disposal wells and the associated produced water infrastructure in Reeves County, Texas. The total cash consideration received at closing was $125 million of which $65 million was directly related to the sale and transfer of control of its water assets, while the remaining $60 million consisted of contingent consideration that is tied to the Company’s future drilling, completion and water connection activity in Reeves County, Texas. The $60 million of contingent consideration will require repayment if certain performance obligations through September 2026 are not met, and it has been recorded as a liability within the Company’s consolidated balance sheet accordingly. There was no gain or loss recognized as a result of this divestiture. Colgate Merger On September 1, 2022, the Company completed its merger (the “Colgate Merger”) with Colgate Energy Partners III, LLC (“Colgate”). Colgate was an independent oil and gas exploration and development company with properties located in the Delaware Basin. Refer to Note 2—Business Combination footnote in the notes to the consolidated financial statements in Part II, Item 8 of the Company’s 2022 Annual Report for additional details regarding the Colgate Merger. Purchase Price Allocation The Colgate Merger was accounted for as a business combination using the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , with the Company being identified as the accounting acquirer. Under the acquisition method of accounting, the assets acquired and liabilities assumed are recorded at their respective fair values as of the Colgate Merger closing date, which requires judgment and certain assumptions to be made. Oil and natural gas properties were valued using an income based approach which incorporates a discounted cash flow method. The fair value of Colgate’s outstanding senior notes was based on unadjusted quoted prices for these same notes in an active market. The value of derivative instruments was based on Level 2 inputs similar to the Company's other commodity price derivatives. Refer to Note 8—Fair Value Measurements for additional information on fair value measurements. The purchase price allocation was finalized during the third quarter of 2023. The following table represents the final merger consideration and purchase price allocation of the identifiable assets acquired and the liabilities assumed based on their respective fair values as of the closing date of the Colgate Merger. (in thousands, except share and per share data) Colgate Merger Consideration Share consideration Shares of Class C Common Stock issued to Colgate unitholders 269,300,000 Class C Common Stock per share fair value on September 1, 2022 (1) $ 7.30 Fair value of noncontrolling interest that resulted from Class C Common Stock issuance $ 1,967,053 Cash consideration $ 525,000 Total Merger Consideration $ 2,492,053 Fair value of assets acquired: Purchase Price Allocation Cash and cash equivalents $ 28,212 Accounts receivable, net 153,286 Derivative instruments 71,961 Prepaid and other assets 10,288 Unproved oil and natural gas properties 636,619 Proved oil and natural gas properties 3,298,909 Other property and equipment, net 2,589 Operating lease right-of-use assets 21,894 Total assets acquired $ 4,223,758 Fair value of liabilities assumed: Accounts payable and accrued expenses $ 333,250 Operating lease liabilities 26,233 Derivative instruments 322 Long-term debt, net 1,350,744 Asset retirement obligations 21,156 Total liabilities assumed $ 1,731,705 Net assets acquired $ 2,492,053 (1) The fair value ascribed to the Company’s Class C Common Stock, that was issued as part of merger consideration, was determined by applying a valuation discount to the share price of the Company’s Class A Common Stock as of the Merger closing date. This discount was determined using a Finnerty model, which considers the lack of marketability of the Class C Common Stock associated with its 180-day minimum holding period required per the terms of the transaction agreement governing the Colgate Merger. The valuation model considers expected volatility based on the historical volatility of the Company’s Class A Common Stock, a risk-free interest rate based on U.S. Treasury yield curves, and the Company’s current dividend yield. Supplemental Unaudited Pro Forma Financial Information The results of Colgate’s operations have been included in the Company’s consolidated financial statements since September 1, 2022, the effective date of the Colgate Merger. The following supplemental unaudited pro forma financial information (“pro forma information”) for the three and nine months ended September 30, 2022 has been prepared from the respective historical consolidated financial statements of the Company and Colgate and has been adjusted to reflect the Colgate Merger as if it had occurred on January 1, 2022. The pro forma information is not necessarily indicative of the results that might have occurred had the Colgate Merger occurred in the past and is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the following pro forma information. Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Total Revenue $ 859,264 $ 2,472,119 Net Income (loss) 207,717 325,523 Earnings (loss) per share: Basic $ 0.73 $ 1.14 Diluted 0.65 1.03

Accounts Receivable, Accounts P

Accounts Receivable, Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Accounts Payable and Accrued Expenses	Note 3—Accounts Receivable, Accounts Payable and Accrued Expenses Accounts receivable are comprised of the following: (in thousands) September 30, 2023 December 31, 2022 Accrued oil and gas sales receivable, net $ 214,286 $ 206,266 Joint interest billings, net 106,201 58,375 Accrued derivative settlements receivable 2,331 16,999 Other 16,677 1,206 Accounts receivable, net $ 339,495 $ 282,846 Accounts payable and accrued expenses are comprised of the following: (in thousands) September 30, 2023 December 31, 2022 Accounts payable $ 101,452 $ 51,443 Accrued capital expenditures 164,586 133,854 Revenues payable 286,384 250,120 Accrued employee compensation and benefits 13,191 33,897 Accrued interest 38,447 45,627 Accrued derivative settlements payable 3,760 2,342 Accrued expenses and other 57,539 44,873 Accounts payable and accrued expenses $ 665,359 $ 562,156

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Note 4—Long-Term Debt The following table provides information about the Company’s long-term debt as of the dates indicated: (in thousands) September 30, 2023 December 31, 2022 Credit Facility due 2027 $ — $ 385,000 Senior Notes 5.375% Senior Notes due 2026 289,448 289,448 7.75% Senior Notes due 2026 300,000 300,000 6.875% Senior Notes due 2027 356,351 356,351 3.25% Convertible Senior Notes due 2028 170,000 170,000 5.875% Senior Notes due 2029 700,000 700,000 7.00% Senior Notes due 2032 500,000 — Unamortized debt issuance costs on Senior Notes (17,279) (10,994) Unamortized debt discount (44,342) (49,007) Senior Notes, net 2,254,178 1,755,798 Total long-term debt, net $ 2,254,178 $ 2,140,798 Credit Agreement OpCo, the Company’s consolidated subsidiary, has a credit agreement with a syndicate of banks that provides for a five-year secured revolving credit facility, maturing in February 2027 (the “Credit Agreement”) that, as of September 30, 2023, had a borrowing base of $2.5 billion and elected commitments of $1.5 billion. As of September 30, 2023, the Company had no borrowings outstanding and $1.5 billion in available borrowing capacity, net of $5.8 million in letters of credit outstanding. On September 1, 2023, the Company entered into the fourth and fifth amendments to the Credit Agreement (the “Fourth Amendment” and the “Fifth Amendment”). The Fourth Amendment expanded the waiver of the automatic reduction of the borrowing base under the Credit Agreement to, among other things, allow for the assumption (or the issuance, in certain circumstances) of up to $1.05 billion principal amount of Permitted Senior Unsecured Notes (as defined in the Credit Agreement) to refinance debt that may be assumed pursuant to the Earthstone Merger and otherwise allow for the issuance of Permitted Senior Unsecured Notes up to an aggregate principal amount of $1.0 billion. The Fifth Amendment, among other things, waives compliance with certain restrictive covenants to enable the Earthstone Merger, subject to customary conditions. In addition, the Fifth Amendment increases the aggregate elected commitments from $1.5 billion to $2.0 billion. The Fifth Amendment is subject to and effective as of the closing date of the Earthstone Merger on November 1, 2023. On April 24, 2023, the Company entered into the third amendment to the Credit Agreement (the “Third Amendment”). The Third Amendment, among other things, (i) reaffirmed the borrowing base at $2.5 billion and maintained the elected commitments at $1.5 billion; (ii) expanded the exceptions to the negative covenants to permit the incurrence of additional indebtedness on a pari passu basis with the facilities in the Credit Agreement, subject to certain conditions; and (iii) made technical changes to permit OpCo to potentially incur term loans in addition to the revolving loans provided under the Credit Agreement, subject to terms to be agreed with the lenders making such term loans and to the terms of the Credit Agreement. The amount available to be borrowed under the Credit Agreement is equal to the lesser of (i) the borrowing base, which is set at $2.5 billion; (ii) aggregate elected commitments, which is set at $1.5 billion currently; or (iii) $3.0 billion. The borrowing base is redetermined semi-annually in the spring and fall by the lenders in their sole discretion. It also allows for the Company to request two optional borrowing base redeterminations in between the scheduled redeterminations. The borrowing base depends on, among other things, the quantities of OpCo’s proved oil and natural gas reserves, estimated cash flows from those reserves, and the Company’s commodity hedge positions. Upon a redetermination of the borrowing base, if actual borrowings outstanding exceed the revised borrowing capacity, OpCo could be required to immediately repay a portion of its debt outstanding. Borrowings under the Credit Agreement are guaranteed by certain of OpCo’s subsidiaries. Borrowings under the Credit Agreement may be base rate loans or Secured Overnight Financing Rate (“SOFR”) loans. Interest is payable quarterly for base rate loans and at the end of the applicable interest period for SOFR loans. SOFR loans bear interest at SOFR plus an applicable margin ranging from 175 to 275 basis points, depending on the percentage of elected commitments utilized, plus an additional 10 basis point credit spread adjustment. Base rate loans bear interest at a rate per annum equal to the greatest of: (i) the agent bank’s prime rate; (ii) the federal funds effective rate plus 50 basis points; or (iii) the adjusted Term SOFR rate for a one-month interest period plus 100 basis points, plus an applicable margin, ranging from 75 to 175 basis points, depending on the percentage of the borrowing base utilized. OpCo also pays a commitment fee of 37.5 to 50 basis points on unused elected commitment amounts under its facility. The Credit Agreement contains restrictive covenants that limit our ability to, among other things: (i) incur additional indebtedness; (ii) make investments and loans; (iii) enter into mergers; (iv) make restricted payments; (v) repurchase or redeem junior debt; (vi) enter into commodity hedges exceeding a specified percentage of our expected production; (vii) enter into interest rate hedges exceeding a specified percentage of its outstanding indebtedness; (viii) incur liens; (ix) sell assets; and (x) engage in transactions with affiliates. The Credit Agreement also requires OpCo to maintain compliance with the following financial ratios: (i) a current ratio, which is the ratio of OpCo’s consolidated current assets (including an add back of unused commitments under the revolving credit facility and excluding non-cash derivative assets and certain restricted cash) to its consolidated current liabilities (excluding the current portion of long-term debt under the Credit Agreement and non-cash derivative liabilities), of not less than 1.0 to 1.0; and (ii) a leverage ratio, as defined within the Credit Agreement as the ratio of total funded debt to consolidated EBITDAX (as defined within the Credit Agreement) for the most recent quarter annualized, of not greater than 3.5 to 1.0. The Credit Agreement includes fall away covenants, lower interest rates and reduced collateral requirements that OpCo may elect if OpCo is assigned an Investment Grade Rating (as defined within the Credit Agreement). OpCo was in compliance with the covenants and the applicable financial ratios described above as of September 30, 2023. Convertible Senior Notes On March 19, 2021, OpCo issued $150.0 million in aggregate principal amount of 3.25% senior unsecured convertible notes due 2028 (the “Convertible Senior Notes”). On March 26, 2021, OpCo issued an additional $20.0 million of Convertible Senior Notes pursuant to the exercise of the underwriters’ over-allotment option to purchase additional Convertible Senior Notes. These issuances resulted in aggregate net proceeds to OpCo of $163.6 million, after deducting debt issuance costs of $6.4 million. Interest is payable on the Convertible Senior Notes semi-annually in arrears on each April 1 and October 1. The Convertible Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company and each of OpCo’s current subsidiaries. The Convertible Senior Notes will mature on April 1, 2028 unless earlier repurchased, redeemed or converted. Before January 3, 2028, noteholders have the right to convert their Convertible Senior Notes (i) upon the occurrence of certain events; (ii) if the Company’s share price exceeds 130% of the conversion price for any 20 trading days during the last 30 consecutive trading days of a calendar quarter, after June 30, 2021; or (iii) if the trading price per $1,000 principal amount of the notes is less than 98% of the Company’s share price multiplied by the conversion rate, for a 10 consecutive trading day period. In addition, after January 2, 2028, noteholders may convert their Convertible Senior Notes at any time at their election through the second scheduled trading day immediately before the April 1, 2028 maturity date. As of September 30, 2023, certain conditions have been met, and as a result, noteholders have the right to convert their Convertible Senior Notes during the third quarter of 2023. OpCo can settle conversions by paying or delivering, as applicable, cash, shares of Class A Common Stock, or a combination of cash and shares of Class A Common Stock, at OpCo’s election. The initial conversion rate was 159.2610 shares of Class A Common Stock per $1,000 principal amount of Convertible Senior Notes, which represents an initial conversion price of approximately $6.28 per share of Class A Common Stock. The conversion rate and conversion price are subject to customary adjustments upon the occurrence of certain events (as defined in the indenture governing the Convertible Senior Notes) which, in certain circumstances, will increase the conversion rate for a specified period of time. As of September 30, 2023, the conversion rate was adjusted to 163.6986 shares of Class A Common Stock per $1,000 principal amount of Convertible Senior Notes as a result of cash dividends and distributions paid. In the context of this issuance, we refer to the notes as convertible in accordance with ASC 470 - Debt. However, per the terms of the Convertible Senior Notes’ indenture, the Convertible Senior Notes were issued by OpCo and are exchangeable into shares of the Company’s Class A Common Stock. OpCo has the option to redeem, in whole or in part, all of the Convertible Senior Notes at any time on or after April 7, 2025, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption, but only if the last reported sale price per share of Class A Common Stock exceeds 130% of the conversion price (i) for any 20 trading days during the 30 consecutive trading days ending on the day immediately before the date OpCo sends the related redemption notice; and (ii) also on the trading day immediately before the date OpCo sends such notice. If certain corporate events occur, including certain business combination transactions involving the Company or OpCo or a stock de-listing with respect to the Class A Common Stock, noteholders may require OpCo to repurchase their Convertible Senior Notes at a cash repurchase price equal to the principal amount of the Convertible Senior Notes to be repurchased, plus accrued and unpaid interest as of the repurchase date. Upon an Event of Default (as defined in the indenture governing the Convertible Senior Notes), the trustee or the holders of at least 25% of the aggregate principal amount of then outstanding Convertible Senior Notes may declare the Convertible Senior Notes immediately due and payable. In addition, a default resulting from certain events of bankruptcy or insolvency with respect to the Company, OpCo or any of the subsidiary guarantors will automatically cause all outstanding Convertible Senior Notes to become due and payable. At issuance, the Company recorded a liability equal to the face value the Convertible Senior Notes, net of unamortized debt issuance costs, in Long-term debt, net in the consolidated balance sheets. As of September 30, 2023, the net liability related to the Convertible Senior Notes was $165.7 million. Capped Called Transactions In connection with the issuance of the Convertible Senior Notes in March 2021, OpCo entered into privately negotiated capped call spread transactions with option counterparties (the “Capped Call Transactions”). The Capped Call Transactions cover the aggregate number of shares of Class A Common Stock that initially underlie the Convertible Senior Notes and are expected to (i) generally reduce potential dilution to the Class A Common Stock upon a conversion of the Convertible Senior Notes, and/or; (ii) offset any cash payments OpCo is required to make in excess of the principal amount of the Convertible Senior Notes, subject to a cap. The Capped Call Transactions have an initial strike price of $6.28 per share of Class A Common Stock and an initial capped price of $8.4525 per share of Class A Common Stock, each of which are subject to certain customary adjustments upon the occurrence of certain corporate events, as defined in the capped call agreements. Senior Unsecured Notes On September 12, 2023, OpCo issued at par $500.0 million of 7.00% senior notes due 2032 (the “2032 Senior Notes”) in a 144A private placement that resulted in net proceeds to OpCo of $491.9 million, after deducting $8.1 million of debt issuance costs. Interest is payable on the 2032 Senior Notes semi-annually in arrears each January 15 and July 15. On September 1, 2022, in connection with the Colgate Merger, the Company entered into supplemental indentures whereby all of Colgate’s outstanding senior notes were assumed and became the senior unsecured debt of OpCo. The senior notes assumed by OpCo included $300 million of 7.75% senior notes due 2026 (the “2026 7.75% Senior Notes”) and $700 million of 5.875% senior notes due 2029 (the “2029 Senior Notes”). The Company recorded the acquired senior notes at their fair values as of the Colgate Merger closing date, which were equal to 100% of par for the 2026 7.75% Senior Notes and 92.96% of par (a $49.3 million debt discount) for the 2029 Senior Notes. Interest on the 2026 7.75% Senior Notes is paid semi-annually each February 15 and August 15 and interest on the 2029 Senior Notes is paid semi-annually each January 1 and July 1. On March 15, 2019, OpCo issued $500.0 million of 6.875% senior notes due 2027 (the “2027 Senior Notes”) in a 144A private placement at a price equal to 99.235% of par that resulted in net proceeds to OpCo of $489.0 million, after deducting the original issuance discount of $3.8 million and debt issuance costs of $7.2 million. Interest is payable on the 2027 Senior Notes semi-annually in arrears each April 1 and October 1. On November 30, 2017, OpCo issued at par $400.0 million of 5.375% senior notes due 2026 (the “2026 5.375% Senior Notes” and collectively with the 2032 Senior Notes, 2027 Senior Notes, 2029 Senior Notes and the 2026 7.75% Senior Notes, the “Senior Unsecured Notes”) in a 144A private placement that resulted in net proceeds to OpCo of $391.0 million, after deducting $9.0 million in debt issuance costs. Interest is payable on the 2026 5.375% Senior Notes semi-annually in arrears each January 15 and July 15. In May 2020, $110.6 million aggregate principal amount of the 2026 5.375% Senior Notes and $143.7 million aggregate principal amount of the 2027 Senior Notes were validly tendered and exchanged by certain eligible bondholders for consideration consisting of $127.1 million aggregate principal amount of 8.00% second lien senior secured notes, which were fully redeemed at par in connection with the Convertible Senior Notes issuance during the second quarter of 2021. As of September 30, 2023, the remaining aggregate principal amount of 2027 Senior Notes and 2026 5.375% Senior Notes outstanding was $356.4 million and $289.4 million, respectively. The Senior Unsecured Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company and each of OpCo’s current subsidiaries that guarantee OpCo’s Credit Agreement. At any time prior to January 15, 2021 (for the 2026 5.375% Senior Notes), April 1, 2022 (for the 2027 Senior Notes), February 15, 2024 (for the 2026 7.75% Senior Notes), July 1, 2024 (for the 2029 Senior Notes), and January 15, 2027 (for the 2032 Senior Notes) (the “Optional Redemption Dates”) OpCo may, on any one or more occasions, redeem up to 35% (for the 2026 5.375% Senior Notes, 2026 7.75% Senior Notes, 2027 Senior Notes and 2029 Senior Notes) or 40% (for the 2032 Senior Notes) of the aggregate principal amount of each series of Senior Unsecured Notes with an amount of cash not greater than the net cash proceeds of certain equity offerings at a redemption price equal to 105.375% (for the 2026 5.375% Senior Notes), 106.875% (for the 2027 Senior Notes), 107.750% (for the 2026 7.75% Senior Notes), 105.875% (for the 2029 Senior Notes) and 107.000% (for the 2032 Senior Notes) of the principal amount of the Senior Unsecured Notes of the applicable series redeemed, plus any accrued and unpaid interest to the date of redemption; provided that at least 65% (for the 2026 5.375% Senior Notes, 2026 7.75% Senior Notes, 2027 Senior Notes and 2029 Senior Notes) or 60% (for the 2032 Senior Notes) of the aggregate principal amount of each such series of Senior Unsecured Notes remains outstanding immediately after such redemption, and the redemption occurs within 180 days of the closing date of such equity offering. At any time prior to the Optional Redemption Dates, OpCo may, on any one or more occasions, redeem all or a part of the Senior Unsecured Notes at a redemption price equal to 100% of the principal amount of the Senior Unsecured Notes redeemed, plus a “make-whole” premium, and any accrued and unpaid interest as of the date of redemption. On and after the Optional Redemption Dates, OpCo may redeem the Senior Unsecured Notes, in whole or in part, at redemption prices expressed as percentages of principal amount plus accrued and unpaid interest to the redemption date. If OpCo experiences certain defined changes of control (and, in some cases, followed by a ratings decline), each holder of the Senior Unsecured Notes may require OpCo to repurchase all or a portion of its Senior Unsecured Notes for cash at a price equal to 101% of the aggregate principal amount of such Senior Unsecured Notes, plus any accrued but unpaid interest to the date of repurchase. The indentures governing the Senior Unsecured Notes contain covenants that, among other things and subject to certain exceptions and qualifications, limit OpCo’s ability and the ability of OpCo’s restricted subsidiaries to: (i) incur or guarantee additional indebtedness or issue certain types of preferred stock; (ii) pay dividends on capital stock or redeem, repurchase or retire capital stock or subordinated indebtedness; (iii) transfer or sell assets; (iv) make investments; (v) create certain liens; (vi) enter into agreements that restrict dividends or other payments from their subsidiaries to them; (vii) consolidate, merge or transfer all or substantially all of their assets; (viii) engage in transactions with affiliates; and (ix) create unrestricted subsidiaries. OpCo was in compliance with these covenants as of September 30, 2023. Upon an Event of Default (as defined in the indentures governing the Senior Unsecured Notes), the trustee or the holders of at least 25% (or in the case of the 2026 7.75% Senior Notes and the 2029 Senior Notes, 30%) of the aggregate principal amount of then outstanding Senior Unsecured Notes may declare the Senior Unsecured Notes immediately due and payable. In addition, a default resulting from certain events of bankruptcy or insolvency with respect to OpCo, any restricted subsidiary of OpCo that is a significant subsidiary, or any group of restricted subsidiaries that, taken together, would constitute a significant subsidiary, will automatically cause all outstanding Senior Unsecured Notes to become due and payable.

Asset Retirement Obligations

Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 5—Asset Retirement Obligations The following table summarizes changes in the Company’s asset retirement obligations (“ARO”) associated with its working interests in oil and gas properties for the nine months ended September 30, 2023: (in thousands) Asset retirement obligations, beginning of period $ 40,947 Liabilities incurred 1,908 Liabilities acquired 5,260 Liabilities divested and settled (5,873) Accretion expense 2,151 Asset retirement obligations, end of period $ 44,393 ARO reflect the present value of the estimated future costs associated with the plugging and abandonment of oil and gas wells, removal of equipment and facilities from leased acreage and land restoration in accordance with applicable local, state and federal laws. Inherent in the fair value calculation of ARO are numerous estimates and assumptions, including plug and abandonment settlement amounts, inflation factors, credit adjusted discount rates and timing of settlement. To the extent future revisions to these assumptions impact the value of the existing ARO liabilities, a corresponding offsetting adjustment is made to the oil and gas property balance. Changes in the liability due to the passage of time are recognized as an increase in the carrying

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 6—Stock-Based Compensation On May 23, 2023, the stockholders of the Company approved the 2023 Long Term Incentive Plan (the “LTIP”). The LTIP is an equity incentive plan that replaced the Company’s prior plan and, among other things, increased the number of shares of Class A Common Stock authorized for issuance to employees and directors by 25,000,000 shares to a total of 69,250,000 shares. The LTIP provides for grants of restricted stock, stock options (including incentive stock options and nonqualified stock options), restricted stock units (including performance stock units), stock appreciation rights and other stock or cash-based awards. Stock-based compensation expense is recognized within both General and administrative expenses and Exploration and other expenses in the consolidated statements of operations. The Company accounts for forfeitures of awards granted under the LTIP as they occur. The following table summarizes stock-based compensation expense recognized for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Equity Awards Restricted stock $ 6,311 $ 7,599 $ 30,324 $ 15,519 Stock option awards — 13 1 70 Performance stock units 9,709 41,079 39,260 45,161 Other stock-based compensation expense (1) — 78 — 221 Total stock-based compensation - equity awards 16,020 48,769 69,585 60,971 Liability Awards Performance stock units — (19,916) — (14,789) Total stock-based compensation expense $ 16,020 $ 28,853 $ 69,585 $ 46,182 (1) Includes expenses related to the Company’s Employee Stock Purchase Plan (the “ESPP”). In May 2019, an aggregate of 2,000,000 shares were authorized by stockholders for issuance under the ESPP, which became effective on July 1, 2019. As of January 1, 2023, the Company no longer offers the ESPP. Equity Awards The Company has restricted stock, stock options and performance stock units (“PSUs”) outstanding that were granted under the LTIP as discussed below. Each award has service-based and, in the case of the PSUs, market-based vesting requirements, and are expected to be settled in shares of Class A Common Stock upon vesting. As a result, these awards are classified as equity-based awards in accordance with ASC Topic 718, Compensation-Stock Compensation (“ASC 718”). In connection with the Colgate Merger, the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) approved a resolution to extend severance benefits under the Company’s Second Amended and Restated Severance Plan (the “Severance Plan”) to employees that experience a Qualifying Termination (as defined in the Severance Plan) following the Colgate Merger. As a result, affected employees of the Company will receive an accelerated vesting of their unvested restricted stock awards and PSUs upon termination, which will change the terms of the vesting conditions and will be treated as modifications in accordance with ASC 718. During the nine months ended September 30, 2023, nineteen employees had Qualifying Terminations and received accelerated vesting of their unvested stock awards accordingly. These modifications resulted in an increase to total stock-based compensation expense of $7.1 million and $39.3 million for the three and nine months ended September 30, 2023, respectively, and $7.0 million for three and nine months ended September 30, 2022 as a result of the change in the fair value of the modified awards. The restricted stock shares and performance stock units that were accelerated are included within the vested line items in the below tables. Restricted Stock The following table provides information about restricted stock activity during the nine months ended September 30, 2023: Restricted Stock Weighted Average Fair Value Unvested balance as of December 31, 2022 8,182,705 $ 6.03 Granted 905,960 10.06 Vested (4,742,065) 7.27 Forfeited (601,391) 7.72 Unvested balance as of September 30, 2023 3,745,209 8.14 The Company grants service-based restricted stock to certain officers and employees, which either vests ratably over a three-year service period or cliff vests upon a five-year service period, and to directors, which vest over a one-year service period. Compensation cost for these service-based restricted stock grants is based on the closing market price of the Company’s Class A Common Stock on the grant date, and such costs are recognized ratably over the applicable vesting period. The total fair value of restricted stock that vested during the nine months ended September 30, 2023 and 2022 was $34.5 million and $18.3 million, respectively. Unrecognized compensation cost related to restricted shares that were unvested as of September 30, 2023 was $26.2 million, which the Company expects to recognize over a weighted average period of 2.2 years. Stock Options Stock options that have been granted under the LTIP expire ten years from the grant date and vest ratably over their three-year service period. The exercise price for an option granted under the LTIP is the closing market price of the Company’s Class A Common Stock on the grant date. Compensation cost for stock options is based on the grant-date fair value of the award, which is then recognized ratably over the vesting period of three years. The following table provides information about stock option awards outstanding during the nine months ended September 30, 2023: Options Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value Outstanding as of December 31, 2022 2,056,467 $ 15.44 Granted — — Exercised (76,834) 6.73 $ 371 Forfeited — — Expired (1,144,334) 15.46 Outstanding as of September 30, 2023 835,299 16.21 3.4 $ 688 Exercisable as of September 30, 2023 835,299 16.21 3.4 $ 688 The total fair value of stock options that vested was minimal during the nine months ended September 30, 2023 and $0.3 million for the nine months ended September 30, 2022. The intrinsic value of the stock options exercised was $0.4 million for the nine months ended September 30, 2023 and minimal for the nine months ended September 30, 2022. As of September 30, 2023, there was no unrecognized compensation cost related to unvested stock options. Performance Stock Units The Company grants performance stock units (“PSU”) to certain officers that are subject to market-based vesting criteria as well as a service period ranging from three The Company’s PSUs currently outstanding can be settled in either Class A Common Stock or cash upon vesting at the Company’s discretion. The Company intends to settle all PSUs in Class A Common Stock and has sufficient shares available under the LTIP to settle the units in Class A Common Stock at the potential future vesting dates. Accordingly, the PSUs have been treated as equity-based awards with their fair values determined as of the grant or modification date, as applicable. The fair values of the awards are estimated using a Monte Carlo valuation model. The Monte Carlo valuation model is based on random projections of stock price paths and must be repeated numerous times to achieve a probabilistic assessment. Expected volatility was calculated based on the historical volatility of the Company’s Class A Common Stock, and the risk-free interest rate is based on U.S. Treasury yield curve rates with maturities consistent with the vesting periods. The following table summarizes the key assumptions and related information used to determine the fair value of PSUs measured during the nine months ended September 30, 2023: 2023 Awards Number of PSUs granted 288,355 Weighted average fair value per share $18.19 Number of simulations 10,000,000 Expected implied stock volatility 55.4% Risk-free interest rate 4.2% The following table provides information about PSUs outstanding during the nine months ended September 30, 2023: Awards Weighted Average Fair Value Unvested balance as of December 31, 2022 7,638,098 $ 13.11 Granted 288,355 18.19 Vested (1) (2,462,725) 10.10 Forfeited (428,808) 13.58 Unvested balance as of September 30, 2023 5,034,920 15.17 (1) This balance includes vested PSU awards as of September 30, 2023 based on the original number of PSUs granted. Actual PSUs vested is based upon the Company’s absolute annualized TSR calculation at the time of vesting, which may be greater than or less than the original number granted. The total fair value of PSUs that vested during the nine months ended September 30, 2023 and 2022 was $41.1 million and $2.7 million, respectively. As of September 30, 2023, there was $49.7 million of unrecognized compensation cost related to PSUs that were unvested, which the Company expects to recognize on a pro-rata basis over a weighted average period of 3.0 years. Liability Awards The Company granted 5.5 million PSUs during third quarter of 2020 to certain executive officers that were settleable in cash and subject to market-based vesting criteria as well as a three-year service condition unless otherwise accelerated in accordance with the terms in the 2020 PSU agreement. As the PSUs were settleable in cash they were classified as liability awards in accordance with ASC 718 with the compensation cost for these liability awards being recorded based on their fair value as of each balance sheet date. On August 18, 2022, the Compensation Committee amended the 2020 PSU agreement to allow a portion of the units to be settled in either cash or Class A Common Stock upon vesting at the Company’s discretion. At that time, the Company had the ability and intended to settle the 4.7 million 2020 PSUs that were modified in shares. As a result, these units were reclassified to equity based awards in accordance with ASC 718 and $10.0 million of incremental stock compensation expense was recognized during the third quarter of 2022 associated with the change in the fair value of the units. As of September 30, 2023, the 2020 PSUs were fully vested and settled in shares. The remaining 0.8 million 2020 PSUs were accelerated vested and settled in a $9.4 million cash payment during the third quarter of 2022. There are no liability classified performance stock units outstanding as of September 30, 2023.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 7—Derivative Instruments The Company is exposed to certain risks relating to its ongoing business operations and may use derivative instruments to manage its exposure to commodity price risk from time to time. Commodity Derivative Contracts Historically, prices received for crude oil and natural gas production have been volatile because of supply and demand factors, worldwide political factors, general economic conditions and seasonal weather patterns. The Company may periodically use derivative instruments, such as swaps, costless collars and basis swaps, to mitigate its exposure to declines in commodity prices and to the corresponding negative impacts such declines can have on its cash flows from operations, returns on capital and other financial results. While the use of these instruments limits the downside risk of adverse price changes, their use may also limit future revenues from favorable price changes. The Company does not enter into derivative contracts for speculative or trading purposes. Commodity Swap and Collar Contracts. The Company may use commodity derivative instruments known as fixed price swaps to realize a known price for a specific volume of production, basis swaps to hedge the difference between the index price and a local or future index price, or costless collars to establish fixed price floors and ceilings. All transactions are settled in cash with one party paying the other for the resulting difference in price multiplied by the contract volume. The following table summarizes the approximate volumes and average contract prices of derivative contracts the Company had in place as of September 30, 2023: Period Volume (Bbls) Volume Wtd. Avg. Crude Price ($/Bbl) (1) Crude oil swaps October 2023 - December 2023 1,748,000 19,000 $82.93 January 2024 - March 2024 1,820,000 20,000 77.54 April 2024 - June 2024 1,820,000 20,000 76.34 July 2024 - September 2024 1,840,000 20,000 75.19 October 2024 - December 2024 1,840,000 20,000 74.19 January 2025 - March 2025 990,000 11,000 73.51 April 2025 - June 2025 1,001,000 11,000 72.27 July 2025 - September 2025 1,012,000 11,000 71.09 October 2025 - December 2025 1,012,000 11,000 70.03 Period Volume (Bbls) Volume Wtd. Avg. Collar Price Ranges ($/Bbl) (2) Crude oil collars October 2023 - December 2023 644,000 7,000 $76.43 - $92.70 Period Volume (Bbls) Volume Wtd. Avg. Differential ($/Bbl) (3) Crude oil basis differential swaps October 2023 - December 2023 1,025,002 11,141 $0.63 January 2024 - March 2024 1,820,000 20,000 0.86 April 2024 - June 2024 1,820,000 20,000 0.86 July 2024 - September 2024 1,840,000 20,000 0.86 October 2024 - December 2024 1,840,000 20,000 0.86 January 2025 - March 2025 450,000 5,000 0.95 April 2025 - June 2025 455,000 5,000 0.95 July 2025 - September 2025 460,000 5,000 0.95 October 2025 - December 2025 460,000 5,000 0.95 Period Volume (Bbls) Volume Wtd. Avg. Differential ($/Bbl) (4) Crude oil roll differential swaps October 2023 - December 2023 1,656,000 18,000 $1.16 January 2024 - March 2024 1,820,000 20,000 0.58 April 2024 - June 2024 1,820,000 20,000 0.58 July 2024 - September 2024 1,840,000 20,000 0.57 October 2024 - December 2024 1,840,000 20,000 0.57 January 2025 - March 2025 450,000 5,000 0.35 April 2025 - June 2025 455,000 5,000 0.35 July 2025 - September 2025 460,000 5,000 0.35 October 2025 - December 2025 460,000 5,000 0.35 (1) These crude oil swap transactions are settled based on the NYMEX WTI index price on each trading day within the specified monthly settlement period versus the contractual swap price for the volumes stipulated. (2) These crude oil collars are settled based on the NYMEX WTI index price on each trading day within the specified monthly settlement period versus the contractual floor and ceiling prices for the volumes stipulated. (3) These crude oil basis swap transactions are settled based on the difference between the arithmetic average of ARGUS MIDLAND WTI and ARGUS WTI CUSHING indices during each applicable monthly settlement period. (4) These crude oil roll swap transactions are settled based on the difference between the arithmetic average of NYMEX WTI calendar month prices and the physical crude oil delivery month price. Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Gas Price ($/MMBtu) (1) Natural gas swaps October 2023 - December 2023 1,413,628 15,366 $4.90 January 2024 - March 2024 4,104,919 45,109 3.77 April 2024 - June 2024 446,321 4,905 3.93 July 2024 - September 2024 429,388 4,667 4.01 October 2024 - December 2024 413,899 4,499 4.32 Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Differential ($/MMBtu) (2) Natural gas basis differential swaps October 2023 - December 2023 6,210,000 67,500 $(1.30) January 2024 - March 2024 3,640,000 40,000 (0.52) April 2024 - June 2024 1,820,000 20,000 (0.67) July 2024 - September 2024 1,840,000 20,000 (0.66) October 2024 - December 2024 1,840,000 20,000 (0.64) Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Differential ($/MMBtu) (3) Natural gas basis differential swaps October 2023 - December 2023 1,840,000 20,000 $(0.30) January 2024 - March 2024 3,640,000 40,000 0.00 Period Volume (MMBtu) Volume Wtd. Avg. Collar Price Ranges ($/MMBtu) (4) Natural gas collars October 2023 - December 2023 6,636,372 72,134 $3.66 - $8.22 January 2024 - March 2024 3,175,081 34,891 3.36 - 9.44 April 2024 - June 2024 1,373,679 15,095 3.00 - 6.45 July 2024 - September 2024 1,410,612 15,333 3.00 - 6.52 October 2024 - December 2024 1,426,101 15,501 3.25 - 7.30 (1) These natural gas swap contracts are settled based on the NYMEX Henry Hub price on each trading day within the specified monthly settlement period versus the contractual swap price for the volumes stipulated. (2) These natural gas basis swap contracts are settled based on the difference between the Inside FERC’s West Texas WAHA price and the NYMEX price of natural gas, during each applicable monthly settlement period. (3) These natural gas basis swap contracts are settled based on the difference between the Houston Ship Channel (“HSC”) price and the NYMEX price of natural gas, during each applicable monthly settlement period. (4) These natural gas collars are settled based on the NYMEX Henry Hub price on each trading day within the specified monthly settlement period versus the contractual floor and ceiling prices for the volumes stipulated. Derivative Instrument Reporting. The Company’s oil and natural gas derivative instruments have not been designated as hedges for accounting purposes. Therefore, all gains and losses are recognized in the Company’s consolidated statements of operations. All derivative instruments are recorded at fair value in the consolidated balance sheets, other than derivative instruments that meet the “normal purchase normal sale” exclusion, and any fair value gains and losses are recognized in current period earnings. The following table presents the impact of the Company’s derivative instruments in its consolidated statements of operations for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Net gain (loss) on derivative instruments $ (151,781) $ 181,308 $ (76,668) $ 17,651 Offsetting of Derivative Assets and Liabilities. The Company’s commodity derivatives are included in the accompanying consolidated balance sheets as derivative assets and liabilities. The Company nets its financial derivative instrument fair value amounts executed with the same counterparty pursuant to ISDA master netting agreements, which provide for net settlement over the term of the contract and in the event of default or termination of the contract. The tables below summarize the fair value amounts and the classification in the consolidated balance sheets of the Company’s derivative contracts outstanding at the respective balance dates, as well as the gross recognized derivative assets, liabilities and offset amounts: Balance Sheet Classification Gross Fair Value Asset/Liability Amounts Gross Amounts Offset (1) Net Recognized Fair Value Assets/Liabilities (in thousands) September 30, 2023 Derivative Assets Commodity contracts Derivative instruments $ 15,538 $ (12,876) $ 2,662 Other noncurrent assets 1,592 (1,592) — Derivative Liabilities Commodity contracts Derivative instruments $ 48,624 $ (12,876) $ 35,748 Other noncurrent liabilities 19,613 (1,592) 18,021 December 31, 2022 Derivative Assets Commodity contracts Derivative instruments $ 125,120 $ (24,323) $ 100,797 Other noncurrent assets 22,016 (3,691) 18,325 Derivative Liabilities Commodity contracts Derivative instruments $ 26,321 $ (24,323) $ 1,998 Other noncurrent liabilities 6,349 (3,691) 2,658 (1) The Company has agreements in place with each of its counterparties that allow for the financial right of offset for derivative assets against derivative liabilities at settlement or in the event of a default under the agreements or if contracts are terminated. Contingent Features in Financial Derivative Instruments. None of the Company’s derivative instruments contain credit-risk-related contingent features. Counterparties to the Company’s financial derivative contracts are high credit-quality financial institutions that are primarily lenders under OpCo’s Credit Agreement. The Company enters into new hedge arrangements only with participants under its Credit Agreement, since these institutions are secured equally with the holders of any OpCo bank debt, which eliminates the potential need to post collateral when the Company is in a derivative liability position. As a result, the Company is not required to post letters of credit or corporate guarantees for its derivative counterparties in order to secure contract performance obligations. In addition, the Company is exposed to credit risk associated with its derivative contracts from non-performance by its counterparties. The Company mitigates its exposure to any single counterparty by contracting with a number of financial institutions, each of which has a high credit rating and is a lender under OpCo’s Credit Agreement as referenced above.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8—Fair Value Measurements Recurring Fair Value Measurements The Company follows ASC Topic 820, Fair Value Measurement and Disclosure, which establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. The three levels are defined as follows: • Level 1: Quoted Prices in Active Markets for Identical Assets – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Significant Other Observable Inputs – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3: Significant Unobservable Inputs – inputs to the valuation methodology are unobservable and significant to the fair value measurement. The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis: (in thousands) Level 1 Level 2 Level 3 September 30, 2023 Total assets $ — $ 2,662 $ — Total liabilities — 53,769 — December 31, 2022 Total assets $ — $ 119,122 $ — Total liabilities — 4,656 — Both financial and non-financial assets and liabilities are categorized within the above fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The following is a description of the valuation methodologies used by the Company as well as the general classification of such instruments pursuant to the above fair value hierarchy. There were no transfers between any of the fair value levels during any period presented. Derivatives The Company uses Level 2 inputs to measure the fair value of its oil and natural gas commodity derivatives. The Company uses industry-standard models that consider various assumptions including current market and contractual prices for the underlying instruments, implied market volatility, time value, nonperformance risk, as well as other relevant economic measures. Substantially all of these inputs are observable in the marketplace throughout the full term of the instrument and can be supported by observable data. The Company utilizes its counterparties’ valuations to assess the reasonableness of its own valuations. Nonrecurring Fair Value Measurements The Company applies the provisions of the fair value measurement standard on a nonrecurring basis to its non-financial assets and liabilities, including proved oil and gas properties. These assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Oil and Gas Property Acquisitions. The fair value measurements of assets acquired and liabilities assumed are measured on the acquisition date using an income valuation technique based on inputs that are not observable in the market and therefore represent Level 3 inputs. Significant inputs to the valuation of acquired oil and gas properties include estimates of: (i) reserves; (ii) production rates; (iii) future operating and development costs; (iv) future commodity prices, including price differentials; (v) future cash flows; and (vi) a market participant-based weighted average cost of capital rate. These inputs require significant judgements and estimates by the Company’s management at the time of valuation. Refer to Note 2—Acquisitions and Divestitures for additional information on the fair value of assets acquired and liabilities assumed. Impairment of Oil and Natural Gas Properties. The Company reviews its proved oil and natural gas properties for impairment whenever events and circumstances indicate that the fair value of these assets may be below their carrying value. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows from oil and gas properties is less than the carrying amount of the assets. In this circumstance, the Company then recognizes impairment expense for the amount by which the carrying amount of proved properties exceeds their estimated fair value. The Company reviews its oil and natural gas properties on a field-by-field basis. The Company calculates the estimated fair value of its oil and natural gas properties using an income approach that is based on inputs that are not observable in the market and therefore represent Level 3 inputs. Significant inputs to the expected future net cash flows used for the impairment review and the related fair value measurement of oil and natural gas proved properties include estimates of: (i) oil and gas reserves; (ii) future production decline rates; (iii) future operating and development costs; (iv) future commodity prices, including price differentials; and (v) a market participant-based weighted average cost of capital rate. These inputs require significant judgments and estimates by the Company’s management. Asset Retirement Obligations. The initial measurement of ARO at fair value is calculated using discounted cash flow techniques and is based on internal estimates of future retirement costs associated with property, plant and equipment. Significant Level 3 inputs used in the calculation of ARO include the estimated future costs to plug and abandon oil and gas properties and reserve lives. Refer to Note 5—Asset Retirement Obligations for additional information on the Company’s ARO. Other Financial Instruments The carrying amounts of the Company’s cash, cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate their fair values because of the short-term maturities and/or liquid nature of these assets and liabilities. The Company’s senior notes and borrowings under its Credit Agreement are accounted for at cost. The following table summarizes the carrying values, principal amounts and fair values of these instruments as of the dates indicated: September 30, 2023 December 31, 2022 Carrying Value Principal Amount Fair Value Carrying Value Principal Amount Fair Value Credit Facility due 2027 (1) $ — $ — $ — $ 385,000 $ 385,000 $ 385,000 5.375% Senior Notes due 2026 (2) 287,179 289,448 278,902 286,512 289,448 264,366 7.75% Senior Notes due 2026 (2) 300,000 300,000 301,764 300,000 300,000 291,338 6.875% Senior Notes due 2027 (2) 352,365 356,351 351,380 351,632 356,351 337,126 3.25% Convertible Senior Notes due 2028 (2)(3) 165,676 170,000 403,675 165,025 170,000 285,858 5.875% Senior Notes due 2029 (2) 657,039 700,000 654,684 652,629 700,000 601,125 7.00% Senior Note due 2032 (2) 491,919 500,000 495,334 — — — (1) The carrying values of the amounts outstanding under OpCo’s Credit Agreement approximate fair value because its variable interest rates are tied to current market rates and the applicable credit spreads represent current market rates for the credit risk profile of the Company. (2) The carrying values include associated unamortized debt issuance costs and any debt discounts as reflected in the consolidated balance sheets. The fair values are determined using quoted market prices for these debt securities, a Level 1 classification in the fair value hierarchy, and are based on the aggregate principal amount of the senior notes outstanding. (3) The Convertible Senior Notes are subject to certain conditions that allow them to be convertible prior to their maturity and as of September 30, 2023, noteholders had the right to convert during the third quarter of 2023. The Company has Capped Call Transactions that cover the aggregate number of shares of Class A Common Stock that underlie the Convertible Senior Notes and would offset any cash payment OpCo is required to make in excess of the principal amount of these notes. Refer to Note 4—Long-Term Debt for additional information on the

Equity

Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity Note Disclosure	Note 9—Shareholders’ Equity and Noncontrolling Interest Stock Conversion During the nine months ended September 30, 2023, certain legacy owners of Colgate exchanged 49.1 million of their Common Units of OpCo and corresponding shares of Class C Common Stock for Class A Common Stock. A deferred tax asset of $16.6 million was recorded in equity as a result of the conversion of shares from the noncontrolling interest owner. No cash proceeds were received by the Company in connection with the conversions. Dividends During the nine months ended September 30, 2023, the Company declared a quarterly cash dividend of $0.05 per share of Class A Common Stock and a quarterly cash distribution of $0.05 per Common Unit (each of which has an underlying share of Class C Common Stock) during each of the first three quarters of 2023. Additionally, during the second and third quarters of 2023, the Company’s Board of Directors declared a variable cash dividend of $0.05 per share of Class A Common Stock and a quarterly variable cash distribution of $0.05 per Common Unit of OpCo. The cash dividends and distributions paid totaled $143.1 million for the nine months ended September 30, 2023. Stock Repurchase Program The Company’s Board of Directors authorized a stock repurchase program to acquire up to $500 million of the Company’s outstanding Common Stock (the “Repurchase Program”), which was approved to run through December 31, 2024. The Repurchase Program can be used by the Company to reduce its shares of Class A Common Stock and Class C Common Stock outstanding. Repurchases may be made from time to time in the open-market or via privately negotiated transactions at the Company’s discretion and will be subject to market conditions, applicable legal requirements, available liquidity, compliance with the Company’s debt agreements and other factors. The Repurchase Program does not require any specific number of shares to be acquired and can be modified or discontinued by the Company’s Board of Directors at any time. During the nine months ended September 30, 2023, the Company paid $57.3 million to repurchase 5.0 million Common Units of OpCo resulting in an equal number of the underlying shares of Class C Common Stock simultaneously being canceled under its Repurchase Program. Noncontrolling Interest The noncontrolling interest relates to Common Units that were issued in connection with the Colgate Merger. At the date of the Colgate Merger, the noncontrolling interest represented approximately 48% of the ownership in OpCo. The noncontrolling interest percentage is affected by various equity transactions such as Common Unit and Class C Common Stock exchanges and transactions involving Class A Common Stock. As of September 30, 2023, the noncontrolling interest ownership of OpCo had decreased to 38% from 48% as of December 31, 2022. This decrease was mainly the result of (i) exchanges of Common Units (and corresponding shares of Class C Common Stock) for Class A Common Stock and (ii) Class C Common Stock repurchases completed by the Company as discussed above. The Company consolidates the financial position, results of operations and cash flows of OpCo and reflects the portion retained by other holders of Common Units as a noncontrolling interest. Refer to the consolidated statements of shareholders’ equity for a summary of the activity attributable to the noncontrolling interest during the period.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 10—Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to Class A Common stock by the weighted average shares of Class A Common Stock outstanding during each period. Diluted EPS is calculated by dividing adjusted net income by the weighted average shares of diluted Class A Common Stock outstanding, which includes the effect of potentially dilutive securities. Potentially dilutive securities for the diluted EPS calculation consists of (i) unvested equity-based restricted stock and performance stock units, outstanding stock options, withholding amounts from the employee stock purchase plan (prior to its discontinuation in January 2023), all using the treasury stock method; (ii) equity-based restricted stock and performance stock units that were vested but not outstanding, using the treasury stock method; and (iii) the Company’s Class C Common Stock and potential shares issuable under our Convertible Senior Notes, both using the “if-converted” method, which is net of tax. The following table reflects the EPS computations for the periods indicated based on a weighted average number of Class A Common Stock outstanding each period: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2023 2022 2023 2022 Net income (loss) attributable to Class A Common Stock $ 45,433 $ 224,359 $ 220,952 $ 431,987 Add: Interest on Convertible Senior Notes, net of tax 1,374 1,395 4,116 5,391 Adjusted net income (loss) attributable to Class A Common Stock $ 46,807 $ 225,754 $ 225,068 $ 437,378 Basic weighted average shares of Class A Common Stock outstanding 324,650 286,245 312,015 285,368 Add: Dilutive effects of Convertible Senior Notes 27,829 27,074 27,583 27,074 Add: Dilutive effects of equity awards and ESPP shares 13,695 8,667 11,819 8,153 Diluted weighted average shares of Class A Common Stock outstanding 366,174 321,986 351,417 320,595 Basic net earnings (loss) per share of Class A Common Stock $ 0.14 $ 0.78 $ 0.71 $ 1.51 Diluted net earnings (loss) per share of Class A Common Stock $ 0.13 $ 0.70 $ 0.64 $ 1.36 The following table presents shares excluded from the diluted earnings per share calculation for the periods presented as their impact was anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Out-of-the-money stock options 1,022 2,034 1,451 2,060 Weighted average shares of Class C Common Stock 241,340 87,815 250,018 29,593 Restricted stock — 3,095 69 1,032 Performance stock units — 1,452 39 634

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 11—Transactions with Related Parties Riverstone Investment Group LLC (“Riverstone”), NGP Energy Capital (“NGP”), Pearl Energy Investments (“Pearl”) and related affiliates of each entity each beneficially owned more than 10% equity interest in the Company as of September 30, 2023. Certain members of OpCo’s management owned profit interests at CEP III Holdings, LLC and its affiliates (“Colgate Holdings”) until December 2022. Due to Riverstone, NGP, and Pearl’s beneficial ownership and NGP, Pearl and OpCo’s management’s previously held interest in Colgate Holdings, these entities are considered related parties to the Company. The Company has the following agreements in place that represent related party transactions. The Company believes that the terms of these arrangements are no less favorable to either party than those held with unaffiliated parties. (i) A marketing agreement with Lucid Energy Delaware, LLC (“Lucid”), who was an affiliate of Riverstone until the sale of Riverstone’s investment in Lucid in July 2022. As a result of such sale, there no longer remains a related party relationship with Lucid as of the third quarter of 2022. (ii) A vendor arrangement with Streamline Innovations Inc, (“Streamline”) who was an affiliate of Riverstone beginning in the second quarter of 2022 and an affiliate of Pearl. (iii) A joint operating agreement with Maple Energy Holdings, LLC (“Maple”) who is an affiliate of Riverstone. On December 23, 2022, the Company sold all of its working interest ownership in producing properties operated by Maple for an unadjusted sales price of $60 million. As a result of such sale, there no longer remains a related party relationship with Maple as of December 31, 2022. (iv) A vendor arrangement with LM Energy Partners who was an affiliate of Colgate Holdings until the sale of Colgate Holdings’ investment in LM Energy Partners in December 2022. As a result of such sale, there no longer remains a related party relationship with LM Energy Partners as of December 31, 2022. The following table summarizes the costs incurred and revenues recognized from such arrangements during the periods they were considered related parties, as discussed above, as included in the consolidated statements of operations for the periods indicated, as well as the related net receivables and payables outstanding as of the balance sheet dates: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Lucid Oil and gas sales $ — $ 6,527 $ — $ 25,117 Gathering, processing and transportation expenses — 729 — 5,398 Streamline Lease operating expenses 1,782 358 3,616 669 (in thousands) September 30, 2023 December 31, 2022 Accounts receivable, net Maple — 128 Accounts payable and accrued expenses Maple — 2,790 LM Energy Partners — 2,283 Streamline 649 — During the nine months ended September 30, 2023, the Company repurchased 5.0 million Common Units of OpCo from NGP for $57.3 million under the Repurchase Program. The equal number of underlying shares of Class C Common Stock were simultaneously canceled by the Company.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12—Commitments and Contingencies Commitments The Company routinely enters into, extends or amends operating agreements in the ordinary course of business. Other than the ground lease agreement the Company entered into during the nine months ended September 30, 2023, discussed in Note 1—Basis of Presentation and Summary of Significant Accounting Policies , there have been no other material, non-routine changes in commitments during the nine months ended September 30, 2023. Please refer to Note 14—Commitments and Contingencies included in Part II, Item 8 in the Company’s 2022 Annual Report. Contingencies The Company may at times be subject to various commercial or regulatory claims, prior period adjustments from service providers, litigation or other legal proceedings that arise in the ordinary course of business. While the outcome of these lawsuits and claims cannot be predicted with certainty, management believes it is remote that the impact of such matters, other than those discussed below, that are reasonably possible to occur will have a material adverse effect on the Company’s financial position, results of operations, or cash flows. In February 2021, the Permian Basin was impacted by record-low temperatures and a severe winter storm (“Winter Storm Uri”) that resulted in multi-day electrical outages and shortages, pipeline and infrastructure freezes, transportation disruptions, and regulatory actions in Texas, which led to significant increases in gas prices, gathering, processing and transportation fees and electrical rates during this time. As a result, many oil and gas operators, including upstream producers like the Company, gas processors and purchasers, and transportation providers experienced operational disruptions. During this time, the Company was unable to utilize the entire volume of its reserved capacity on pipelines and as a result has made certain force majeure declarations. One third-party transportation provider has filed a lawsuit against the Company claiming compensation for the full amount of the reserved capacity, both utilized and unutilized. The Company has made a payment for the utilized capacity and filed a separate lawsuit against the transportation provider requesting declaratory relief for the purpose of construing the provisions of the transportation agreement relating to the unutilized capacity. At this time, the Company believes that a loss is reasonably possible in relation to these matters, and such amount could range from zero to $7.6 million, which may be subject to additional interest charges, and no amount in that range is a better estimate than any other. Other than the matter above, management is unaware of any pending litigation brought against the Company requiring a contingent liability to be recognized as of the date of these consolidated financial statements.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenues	Note 13—Revenues Revenue from Contracts with Customers Crude oil, natural gas and NGL sales are recognized at the point that control of the product is transferred to the customer and collectability is reasonably assured. Virtually all of the Company’s contract pricing provisions are tied to a market index, with certain adjustments based on, among other factors, transportation costs to an active spot market and quality differentials. As a result, the Company’s realized prices of oil, natural gas, and NGLs fluctuate to remain competitive with other available oil, natural gas, and NGLs supplies both globally (in the case of crude oil) and locally. Oil and gas revenues presented within the consolidated statements of operations relate to the sale of oil, natural gas and NGLs as shown below: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating revenues (in thousands): Oil sales $ 660,445 $ 397,187 $ 1,734,057 $ 1,009,545 Natural gas sales (1) 38,354 93,455 94,123 200,503 NGL sales (2) 59,742 59,136 170,027 159,661 Oil and gas sales $ 758,541 $ 549,778 $ 1,998,207 $ 1,369,709 (1) Natural gas sales include a portion of gathering, processing and transportation costs (“GP&T”) that are reflected as a reduction to natural gas sales of $12.0 million and $30.7 million for the three and nine months ended September 30, 2023 and none for the three and nine months ended September 30, 2022. (2) NGL sales include a portion of GP&T that are reflected as a reduction to NGL sales of $16.3 million and $48.9 million for the three and nine months ended September 30, 2023 and none for the three and nine months ended September 30, 2022. Oil sales The Company’s crude oil sales contracts are generally structured whereby oil is delivered to the purchaser at a contractually agreed-upon delivery point at which the purchaser takes title of the product. This delivery point is usually at the wellhead or at the inlet of a transportation pipeline. Revenue is recognized when control transfers to the purchaser at the delivery point based on the net price received from the purchaser. Any downstream transportation costs incurred by crude purchasers are reflected as a net reduction to oil sales revenues. Natural gas and NGL sales Under the Company’s natural gas processing contracts, liquids rich natural gas is delivered to a midstream gathering and processing entity at the agreed upon delivery point at which the purchaser takes title of the product. The midstream processing entity gathers and processes the raw gas and then remits proceeds to the Company. For these contracts, the Company evaluates when control is transferred and revenue should be recognized. Where the Company elects to take its residue gas or NGL product “in-kind” at the plant tailgate, fees incurred prior to transfer of control are presented as GP&T within the consolidated statements of operations. Where the Company does not take its residue gas or NGL products “in-kind”, transfer of control occurs at the inlet of the gas gathering systems, or prior, and fees incurred subsequent to this point are reflected as a net reduction to natural gas and NGL sales revenues presented in the table above. During the nine months ended September 30, 2023, the majority of the Company’s contracts with customers have elections to not take its products “in-kind” resulting in more fees being shown as a net reduction to revenues as discussed above. Performance obligations For all commodity products, the Company records revenue in the month production is delivered to the purchaser. Settlement statements for crude oil are generally received within 30 days following the date that production volumes are delivered, but for natural gas and NGL sales, statements may not be re ceived for 30 to 60 days after delivery has occurred. However, payment is unconditional once the performance obligations have been satisfied. At such time, the volumes delivered and sal es prices can be reasonably estimated and amounts due from customers are accrued in Accounts receivable, net in the consolidated balance sheets. As of September 30, 2023 and December 31, 2022, such receivable balances were $214.3 million and $206.3 million, respectively. The Company records any differences between its estimates and the actual amounts received for product sales in the month that payment is received from the purchaser. Historically, any identified differences between revenue estimates and actual revenue received have not been significant. For the nine months ended September 30, 2023 and 2022, revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods were not material. Transaction price allocated to remaining performance obligations For the Company’s product sales that have a contract term greater than one year, the Company has utilized the practical expedien t in ASC Topic 606, Revenue from contracts with Customers, which states the Company is not required to disclose the transaction price allocated to the remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. Under t

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 14—Subsequent Events Dividends Declared On November 7, 2023, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A Common Stock and a quarterly cash distribution of $0.05 per Common Unit of OpCo. Additionally, the Company’s Board of Directors declared a variable cash dividend of $0.07 per share of Class A Common Stock and a quarterly variable cash distribution of $0.07 per Common Unit of OpCo. The base and variable dividend represent a total return of $0.12 per share. The dividends are payable on November 28, 2023 to shareholders of record as of November 20, 2023. Earthstone Merger On November 1, 2023 the Earthstone Merger was completed. Refer to Note 2—Acquisitions and Divestitures for additional information regarding the Earthstone Merger.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 45,433	$ 224,359	$ 220,952	$ 431,987

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Aggregate Available	383,707	383,707
Brent Jensen [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 20, 2023, Brent Jensen, the Company’s Chief Accounting Officer, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1. The plan provides for the potential sale of up to 383,707 shares of the Company’s Class A Common Stock between December 20, 2023 and July 31, 2024, subject to early termination for certain specified events set forth in the plan.
Name	Brent Jensen
Title	Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 20, 2023
Arrangement Duration	224 days

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, certain disclosures normally included in an Annual Report on Form 10-K have been omitted. The consolidated financial statements and related notes included in this Quarterly Report should be read in conjunction with the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2022 (the “2022 Annual Report”). Except as disclosed herein, there have been no material changes to the information disclosed in the notes to the consolidated financial statements included in the Company’s 2022 Annual Report. In the opinion of management, all normal, recurring adjustments and accruals considered necessary to present fairly, in all material respects, the Company’s interim financial results have been included. Operating results for the periods presented are not necessarily indicative of expected results for the full year.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and its subsidiary OpCo, and OpCo’s wholly-owned subsidiaries. Noncontrolling interest represents third-party ownership in OpCo and is presented as a component of equity. Refer to Note 9—Shareholders’ Equity and Noncontrolling Interest for a discussion of noncontrolling interest.
Use of Estimates	The preparation of the Company’s consolidated financial statements requires the Company’s management to make various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events, and accordingly, actual results could differ from amounts previously established. Additionally, the prices received for oil, natural gas and NGL production can heavily influence the Company’s assumptions, judgments and estimates, and continued volatility of oil and gas prices could have a significant impact on the Company’s estimates. The more significant areas requiring the use of assumptions, judgments and estimates include: (i) oil and natural gas reserves; (ii) cash flow estimates used in impairment tests for long-lived assets; (iii) impairment expense of unproved properties; (iv) depreciation, depletion and amortization; (v) asset retirement obligations; (vi) determining fair value and allocating purchase price in connection with business combinations and asset acquisitions; (vii) accrued revenues and related receivables; (viii) accrued liabilities; (ix) derivative valuations; (x) deferred income taxes; and (xi) determining the fair values of certain stock-based compensation awards.
Lessee, Leases	The Company has operating leases for drilling rig contracts, office rental agreements and other wellhead equipment. During the nine months ended September 30, 2023, the Company entered into additional wellhead equipment lease agreements for assets placed into service and recorded lease right-of-use assets and related liabilities based on the present value of future lease payments over the equipment lease terms. As of September 30, 2023, the Company had recorded in aggregate a $15.4 million current operating lease liability and a $14.1 million noncurrent operating lease liability related to these wellhead equipment agreements. In April 2023, the Company purchased an office building in Midland, Texas for $27.5 million, where it had previously been a lessee of the building at the time of purchase. As a result of this purchase, $9.3 million of operating lease right-of-use assets and $13.6 million of operating lease liabilities were removed from the consolidated balance sheet as of September 30, 2023. As part of the building purchase, the Company also assumed a ninety-nine year ground lease and accordingly, recorded a financing lease liability of $15.5 million as of September 30, 2023, which represents the present value of the future payment obligations under its lease term. The lease payments start at $0.8 million per year and escalate 2.5% annually until year 2076. The corresponding right-of-use asset recognized for this ground lease amounted to $15.2 million as of September 30, 2023. The following table provides additional information related to the Company’s lease assets and liabilities as presented on balance sheet for the periods presented: (in thousands) Balance Sheet Classification September 30, 2023 December 31, 2022 Assets Operating right-of-use assets Operating lease right-of-use asset $ 58,446 $ 64,792 Finance right-of-use asset Other noncurrent assets 15,228 — Liabilities Current Operating lease liabilities Operating lease liabilities $ 34,266 $ 29,759 Finance lease liability Other current liabilities 748 — Noncurrent Operating lease liabilities Operating lease liabilities $ 26,156 $ 41,341 Finance lease liability Other noncurrent liabilities 14,735 — There have been no other significant changes in leases during the nine months ended September 30, 2023. Refer to Note 16—Leases in the notes to the consolidated financial statements in Part II, Item 8 of the Company’s 2022 Annual Report.
Income Taxes	The Company is subject to U.S. federal, state and local income taxes with respect to its allocable share of any taxable income or loss of OpCo, as well as any stand-alone income or loss generated by the Company. As of the date of the Colgate Merger (defined below), OpCo is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, OpCo is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by OpCo is passed through to and included in the taxable income or loss of its members, including the Company, on a pro rata basis corresponding to the percentage of Common Units in OpCo owned. Prior to the Colgate Merger, OpCo was fully owned by the Company and all income and loss was taxable.Income tax expense recognized during interim periods is based on applying an estimated annual effective income tax rate to the Company’s year-to-date income, plus any significant unusual or infrequently occurring items which are recorded in the interim period. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income earned and taxed in various state jurisdictions, permanent and temporary differences and the likelihood of recovering deferred tax assets generated. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information becomes known or as the tax environment changes.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary Operating & Financing Right-of-Use Assets & Lease Liabilities	The following table provides additional information related to the Company’s lease assets and liabilities as presented on balance sheet for the periods presented: (in thousands) Balance Sheet Classification September 30, 2023 December 31, 2022 Assets Operating right-of-use assets Operating lease right-of-use asset $ 58,446 $ 64,792 Finance right-of-use asset Other noncurrent assets 15,228 — Liabilities Current Operating lease liabilities Operating lease liabilities $ 34,266 $ 29,759 Finance lease liability Other current liabilities 748 — Noncurrent Operating lease liabilities Operating lease liabilities $ 26,156 $ 41,341 Finance lease liability Other noncurrent liabilities 14,735 —

Business Combinations and Ass_2

Business Combinations and Asset Acquisitions (Tables)		9 Months Ended
	Sep. 01, 2022	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Asset Acquisition	The purchase price allocation was finalized during the third quarter of 2023. The following table represents the final merger consideration and purchase price allocation of the identifiable assets acquired and the liabilities assumed based on their respective fair values as of the closing date of the Colgate Merger. (in thousands, except share and per share data) Colgate Merger Consideration Share consideration Shares of Class C Common Stock issued to Colgate unitholders 269,300,000 Class C Common Stock per share fair value on September 1, 2022 (1) $ 7.30 Fair value of noncontrolling interest that resulted from Class C Common Stock issuance $ 1,967,053 Cash consideration $ 525,000 Total Merger Consideration $ 2,492,053 Fair value of assets acquired: Purchase Price Allocation Cash and cash equivalents $ 28,212 Accounts receivable, net 153,286 Derivative instruments 71,961 Prepaid and other assets 10,288 Unproved oil and natural gas properties 636,619 Proved oil and natural gas properties 3,298,909 Other property and equipment, net 2,589 Operating lease right-of-use assets 21,894 Total assets acquired $ 4,223,758 Fair value of liabilities assumed: Accounts payable and accrued expenses $ 333,250 Operating lease liabilities 26,233 Derivative instruments 322 Long-term debt, net 1,350,744 Asset retirement obligations 21,156 Total liabilities assumed $ 1,731,705 Net assets acquired $ 2,492,053 (1) The fair value ascribed to the Company’s Class C Common Stock, that was issued as part of merger consideration, was determined by applying a valuation discount to the share price of the Company’s Class A Common Stock as of the Merger closing date. This discount was determined using a Finnerty model, which considers the lack of marketability of the Class C Common Stock associated with its 180-day minimum holding period required per the terms of the transaction agreement governing the Colgate Merger. The valuation model considers expected volatility based on the historical volatility of the Company’s Class A Common Stock, a risk-free interest rate based on U.S. Treasury yield curves, and the Company’s current dividend yield.
Business Acquisition, Pro Forma Information		Future results may vary significantly from the results reflected in the following pro forma information. Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Total Revenue $ 859,264 $ 2,472,119 Net Income (loss) 207,717 325,523 Earnings (loss) per share: Basic $ 0.73 $ 1.14 Diluted 0.65 1.03

Accounts Receivable, Accounts_2

Accounts Receivable, Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable	Accounts receivable are comprised of the following: (in thousands) September 30, 2023 December 31, 2022 Accrued oil and gas sales receivable, net $ 214,286 $ 206,266 Joint interest billings, net 106,201 58,375 Accrued derivative settlements receivable 2,331 16,999 Other 16,677 1,206 Accounts receivable, net $ 339,495 $ 282,846
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses are comprised of the following: (in thousands) September 30, 2023 December 31, 2022 Accounts payable $ 101,452 $ 51,443 Accrued capital expenditures 164,586 133,854 Revenues payable 286,384 250,120 Accrued employee compensation and benefits 13,191 33,897 Accrued interest 38,447 45,627 Accrued derivative settlements payable 3,760 2,342 Accrued expenses and other 57,539 44,873 Accounts payable and accrued expenses $ 665,359 $ 562,156

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The following table provides information about the Company’s long-term debt as of the dates indicated: (in thousands) September 30, 2023 December 31, 2022 Credit Facility due 2027 $ — $ 385,000 Senior Notes 5.375% Senior Notes due 2026 289,448 289,448 7.75% Senior Notes due 2026 300,000 300,000 6.875% Senior Notes due 2027 356,351 356,351 3.25% Convertible Senior Notes due 2028 170,000 170,000 5.875% Senior Notes due 2029 700,000 700,000 7.00% Senior Notes due 2032 500,000 — Unamortized debt issuance costs on Senior Notes (17,279) (10,994) Unamortized debt discount (44,342) (49,007) Senior Notes, net 2,254,178 1,755,798 Total long-term debt, net $ 2,254,178 $ 2,140,798

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Asset Retirement Obligations	The following table summarizes changes in the Company’s asset retirement obligations (“ARO”) associated with its working interests in oil and gas properties for the nine months ended September 30, 2023: (in thousands) Asset retirement obligations, beginning of period $ 40,947 Liabilities incurred 1,908 Liabilities acquired 5,260 Liabilities divested and settled (5,873) Accretion expense 2,151 Asset retirement obligations, end of period $ 44,393

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	The following table summarizes stock-based compensation expense recognized for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Equity Awards Restricted stock $ 6,311 $ 7,599 $ 30,324 $ 15,519 Stock option awards — 13 1 70 Performance stock units 9,709 41,079 39,260 45,161 Other stock-based compensation expense (1) — 78 — 221 Total stock-based compensation - equity awards 16,020 48,769 69,585 60,971 Liability Awards Performance stock units — (19,916) — (14,789) Total stock-based compensation expense $ 16,020 $ 28,853 $ 69,585 $ 46,182 (1) Includes expenses related to the Company’s Employee Stock Purchase Plan (the “ESPP”). In May 2019, an aggregate of 2,000,000 shares were authorized by stockholders for issuance under the ESPP, which became effective on July 1, 2019. As of January 1, 2023, the Company no longer offers the ESPP.
Schedule of Restricted Stock Activity	The following table provides information about restricted stock activity during the nine months ended September 30, 2023: Restricted Stock Weighted Average Fair Value Unvested balance as of December 31, 2022 8,182,705 $ 6.03 Granted 905,960 10.06 Vested (4,742,065) 7.27 Forfeited (601,391) 7.72 Unvested balance as of September 30, 2023 3,745,209 8.14
Summary of Stock Option Activity	The following table provides information about stock option awards outstanding during the nine months ended September 30, 2023: Options Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value Outstanding as of December 31, 2022 2,056,467 $ 15.44 Granted — — Exercised (76,834) 6.73 $ 371 Forfeited — — Expired (1,144,334) 15.46 Outstanding as of September 30, 2023 835,299 16.21 3.4 $ 688 Exercisable as of September 30, 2023 835,299 16.21 3.4 $ 688
Schedule of Variable Performance Stock Units Valuation Assumptions	The following table summarizes the key assumptions and related information used to determine the fair value of PSUs measured during the nine months ended September 30, 2023: 2023 Awards Number of PSUs granted 288,355 Weighted average fair value per share $18.19 Number of simulations 10,000,000 Expected implied stock volatility 55.4% Risk-free interest rate 4.2%
Share-based Payment Arrangement, Performance Shares, Outstanding Activity	The following table provides information about PSUs outstanding during the nine months ended September 30, 2023: Awards Weighted Average Fair Value Unvested balance as of December 31, 2022 7,638,098 $ 13.11 Granted 288,355 18.19 Vested (1) (2,462,725) 10.10 Forfeited (428,808) 13.58 Unvested balance as of September 30, 2023 5,034,920 15.17 (1) This balance includes vested PSU awards as of September 30, 2023 based on the original number of PSUs granted. Actual PSUs vested is based upon the Company’s absolute annualized TSR calculation at the time of vesting, which may be greater than or less than the original number granted.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes the approximate volumes and average contract prices of derivative contracts the Company had in place as of September 30, 2023: Period Volume (Bbls) Volume Wtd. Avg. Crude Price ($/Bbl) (1) Crude oil swaps October 2023 - December 2023 1,748,000 19,000 $82.93 January 2024 - March 2024 1,820,000 20,000 77.54 April 2024 - June 2024 1,820,000 20,000 76.34 July 2024 - September 2024 1,840,000 20,000 75.19 October 2024 - December 2024 1,840,000 20,000 74.19 January 2025 - March 2025 990,000 11,000 73.51 April 2025 - June 2025 1,001,000 11,000 72.27 July 2025 - September 2025 1,012,000 11,000 71.09 October 2025 - December 2025 1,012,000 11,000 70.03 Period Volume (Bbls) Volume Wtd. Avg. Collar Price Ranges ($/Bbl) (2) Crude oil collars October 2023 - December 2023 644,000 7,000 $76.43 - $92.70 Period Volume (Bbls) Volume Wtd. Avg. Differential ($/Bbl) (3) Crude oil basis differential swaps October 2023 - December 2023 1,025,002 11,141 $0.63 January 2024 - March 2024 1,820,000 20,000 0.86 April 2024 - June 2024 1,820,000 20,000 0.86 July 2024 - September 2024 1,840,000 20,000 0.86 October 2024 - December 2024 1,840,000 20,000 0.86 January 2025 - March 2025 450,000 5,000 0.95 April 2025 - June 2025 455,000 5,000 0.95 July 2025 - September 2025 460,000 5,000 0.95 October 2025 - December 2025 460,000 5,000 0.95 Period Volume (Bbls) Volume Wtd. Avg. Differential ($/Bbl) (4) Crude oil roll differential swaps October 2023 - December 2023 1,656,000 18,000 $1.16 January 2024 - March 2024 1,820,000 20,000 0.58 April 2024 - June 2024 1,820,000 20,000 0.58 July 2024 - September 2024 1,840,000 20,000 0.57 October 2024 - December 2024 1,840,000 20,000 0.57 January 2025 - March 2025 450,000 5,000 0.35 April 2025 - June 2025 455,000 5,000 0.35 July 2025 - September 2025 460,000 5,000 0.35 October 2025 - December 2025 460,000 5,000 0.35 (1) These crude oil swap transactions are settled based on the NYMEX WTI index price on each trading day within the specified monthly settlement period versus the contractual swap price for the volumes stipulated. (2) These crude oil collars are settled based on the NYMEX WTI index price on each trading day within the specified monthly settlement period versus the contractual floor and ceiling prices for the volumes stipulated. (3) These crude oil basis swap transactions are settled based on the difference between the arithmetic average of ARGUS MIDLAND WTI and ARGUS WTI CUSHING indices during each applicable monthly settlement period. (4) These crude oil roll swap transactions are settled based on the difference between the arithmetic average of NYMEX WTI calendar month prices and the physical crude oil delivery month price. Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Gas Price ($/MMBtu) (1) Natural gas swaps October 2023 - December 2023 1,413,628 15,366 $4.90 January 2024 - March 2024 4,104,919 45,109 3.77 April 2024 - June 2024 446,321 4,905 3.93 July 2024 - September 2024 429,388 4,667 4.01 October 2024 - December 2024 413,899 4,499 4.32 Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Differential ($/MMBtu) (2) Natural gas basis differential swaps October 2023 - December 2023 6,210,000 67,500 $(1.30) January 2024 - March 2024 3,640,000 40,000 (0.52) April 2024 - June 2024 1,820,000 20,000 (0.67) July 2024 - September 2024 1,840,000 20,000 (0.66) October 2024 - December 2024 1,840,000 20,000 (0.64) Period Volume (MMBtu) Volume (MMBtu/d) Wtd. Avg. Differential ($/MMBtu) (3) Natural gas basis differential swaps October 2023 - December 2023 1,840,000 20,000 $(0.30) January 2024 - March 2024 3,640,000 40,000 0.00 Period Volume (MMBtu) Volume Wtd. Avg. Collar Price Ranges ($/MMBtu) (4) Natural gas collars October 2023 - December 2023 6,636,372 72,134 $3.66 - $8.22 January 2024 - March 2024 3,175,081 34,891 3.36 - 9.44 April 2024 - June 2024 1,373,679 15,095 3.00 - 6.45 July 2024 - September 2024 1,410,612 15,333 3.00 - 6.52 October 2024 - December 2024 1,426,101 15,501 3.25 - 7.30 (1) These natural gas swap contracts are settled based on the NYMEX Henry Hub price on each trading day within the specified monthly settlement period versus the contractual swap price for the volumes stipulated. (2) These natural gas basis swap contracts are settled based on the difference between the Inside FERC’s West Texas WAHA price and the NYMEX price of natural gas, during each applicable monthly settlement period. (3) These natural gas basis swap contracts are settled based on the difference between the Houston Ship Channel (“HSC”) price and the NYMEX price of natural gas, during each applicable monthly settlement period. (4) These natural gas collars are settled based on the NYMEX Henry Hub price on each trading day within the specified monthly settlement period versus the contractual floor and ceiling prices for the volumes stipulated.
Schedule of Gains and Losses from Derivative Instruments	The following table presents the impact of the Company’s derivative instruments in its consolidated statements of operations for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Net gain (loss) on derivative instruments $ (151,781) $ 181,308 $ (76,668) $ 17,651
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The tables below summarize the fair value amounts and the classification in the consolidated balance sheets of the Company’s derivative contracts outstanding at the respective balance dates, as well as the gross recognized derivative assets, liabilities and offset amounts: Balance Sheet Classification Gross Fair Value Asset/Liability Amounts Gross Amounts Offset (1) Net Recognized Fair Value Assets/Liabilities (in thousands) September 30, 2023 Derivative Assets Commodity contracts Derivative instruments $ 15,538 $ (12,876) $ 2,662 Other noncurrent assets 1,592 (1,592) — Derivative Liabilities Commodity contracts Derivative instruments $ 48,624 $ (12,876) $ 35,748 Other noncurrent liabilities 19,613 (1,592) 18,021 December 31, 2022 Derivative Assets Commodity contracts Derivative instruments $ 125,120 $ (24,323) $ 100,797 Other noncurrent assets 22,016 (3,691) 18,325 Derivative Liabilities Commodity contracts Derivative instruments $ 26,321 $ (24,323) $ 1,998 Other noncurrent liabilities 6,349 (3,691) 2,658 (1) The Company has agreements in place with each of its counterparties that allow for the financial right of offset for derivative assets against derivative liabilities at settlement or in the event of a default under the agreements or if contracts are terminated.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement of Financial Instruments	The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis: (in thousands) Level 1 Level 2 Level 3 September 30, 2023 Total assets $ — $ 2,662 $ — Total liabilities — 53,769 — December 31, 2022 Total assets $ — $ 119,122 $ — Total liabilities — 4,656 —
Long-term Debt, Fair Value	The following table summarizes the carrying values, principal amounts and fair values of these instruments as of the dates indicated: September 30, 2023 December 31, 2022 Carrying Value Principal Amount Fair Value Carrying Value Principal Amount Fair Value Credit Facility due 2027 (1) $ — $ — $ — $ 385,000 $ 385,000 $ 385,000 5.375% Senior Notes due 2026 (2) 287,179 289,448 278,902 286,512 289,448 264,366 7.75% Senior Notes due 2026 (2) 300,000 300,000 301,764 300,000 300,000 291,338 6.875% Senior Notes due 2027 (2) 352,365 356,351 351,380 351,632 356,351 337,126 3.25% Convertible Senior Notes due 2028 (2)(3) 165,676 170,000 403,675 165,025 170,000 285,858 5.875% Senior Notes due 2029 (2) 657,039 700,000 654,684 652,629 700,000 601,125 7.00% Senior Note due 2032 (2) 491,919 500,000 495,334 — — — (1) The carrying values of the amounts outstanding under OpCo’s Credit Agreement approximate fair value because its variable interest rates are tied to current market rates and the applicable credit spreads represent current market rates for the credit risk profile of the Company. (2) The carrying values include associated unamortized debt issuance costs and any debt discounts as reflected in the consolidated balance sheets. The fair values are determined using quoted market prices for these debt securities, a Level 1 classification in the fair value hierarchy, and are based on the aggregate principal amount of the senior notes outstanding. (3) The Convertible Senior Notes are subject to certain conditions that allow them to be convertible prior to their maturity and as of September 30, 2023, noteholders had the right to convert during the third quarter of 2023. The Company has Capped Call Transactions that cover the aggregate number of shares of Class A Common Stock that underlie the Convertible Senior Notes and would offset any cash payment OpCo is required to make in excess of the principal amount of these notes. Refer to Note 4—Long-Term Debt for additional information on the

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Earnings Per Share, Basic and Diluted	The following table reflects the EPS computations for the periods indicated based on a weighted average number of Class A Common Stock outstanding each period: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2023 2022 2023 2022 Net income (loss) attributable to Class A Common Stock $ 45,433 $ 224,359 $ 220,952 $ 431,987 Add: Interest on Convertible Senior Notes, net of tax 1,374 1,395 4,116 5,391 Adjusted net income (loss) attributable to Class A Common Stock $ 46,807 $ 225,754 $ 225,068 $ 437,378 Basic weighted average shares of Class A Common Stock outstanding 324,650 286,245 312,015 285,368 Add: Dilutive effects of Convertible Senior Notes 27,829 27,074 27,583 27,074 Add: Dilutive effects of equity awards and ESPP shares 13,695 8,667 11,819 8,153 Diluted weighted average shares of Class A Common Stock outstanding 366,174 321,986 351,417 320,595 Basic net earnings (loss) per share of Class A Common Stock $ 0.14 $ 0.78 $ 0.71 $ 1.51 Diluted net earnings (loss) per share of Class A Common Stock $ 0.13 $ 0.70 $ 0.64 $ 1.36
Schedule of Shares Excluded from Diluted Earnings Per Share Calculation	The following table presents shares excluded from the diluted earnings per share calculation for the periods presented as their impact was anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Out-of-the-money stock options 1,022 2,034 1,451 2,060 Weighted average shares of Class C Common Stock 241,340 87,815 250,018 29,593 Restricted stock — 3,095 69 1,032 Performance stock units — 1,452 39 634

Transactions with Related Par_2

Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Revenues Recognized and Processing Fees Incurred with Related Parties	The following table summarizes the costs incurred and revenues recognized from such arrangements during the periods they were considered related parties, as discussed above, as included in the consolidated statements of operations for the periods indicated, as well as the related net receivables and payables outstanding as of the balance sheet dates: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2023 2022 2023 2022 Lucid Oil and gas sales $ — $ 6,527 $ — $ 25,117 Gathering, processing and transportation expenses — 729 — 5,398 Streamline Lease operating expenses 1,782 358 3,616 669 (in thousands) September 30, 2023 December 31, 2022 Accounts receivable, net Maple — 128 Accounts payable and accrued expenses Maple — 2,790 LM Energy Partners — 2,283 Streamline 649 —

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Oil and Gas Revenues	Oil and gas revenues presented within the consolidated statements of operations relate to the sale of oil, natural gas and NGLs as shown below: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating revenues (in thousands): Oil sales $ 660,445 $ 397,187 $ 1,734,057 $ 1,009,545 Natural gas sales (1) 38,354 93,455 94,123 200,503 NGL sales (2) 59,742 59,136 170,027 159,661 Oil and gas sales $ 758,541 $ 549,778 $ 1,998,207 $ 1,369,709 (1) Natural gas sales include a portion of gathering, processing and transportation costs (“GP&T”) that are reflected as a reduction to natural gas sales of $12.0 million and $30.7 million for the three and nine months ended September 30, 2023 and none for the three and nine months ended September 30, 2022. (2) NGL sales include a portion of GP&T that are reflected as a reduction to NGL sales of $16.3 million and $48.9 million for the three and nine months ended September 30, 2023 and none for the three and nine months ended September 30, 2022.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	1 Months Ended	9 Months Ended
	Apr. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease liabilities		$ 34,266,000	$ 29,759,000
Finance Lease, Liability, Current		748,000	0
Operating lease liabilities		26,156,000	41,341,000
Finance Lease, Liability, Noncurrent		14,735,000	0
Operating lease right-of-use assets		58,446,000	64,792,000
Finance Lease, Right-of-Use Asset, after Accumulated Amortization		15,228,000	$ 0
Payments to Acquire Buildings	$ 27,500,000
H2S and Compressors
Lessee, Lease, Description [Line Items]
Operating lease liabilities		15,400,000
Operating lease liabilities		14,100,000
Company Office Building
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets		9,300,000
Finance Lease, Right-of-Use Asset, after Accumulated Amortization		15,200,000
Present value of lease liabilities		13,600,000
Finance Lease, Liability		$ 15,500,000
Lessor, Operating Lease, Term of Contract	99 years
Debt Instrument, Yearly Interest Rate Increase		2.50%
Lessee, Operating Lease, Liability, Payments, Due		$ 800,000

Business Combinations and Ass_3

Business Combinations and Asset Acquisitions (Details)					3 Months Ended		9 Months Ended
	Nov. 01, 2023 USD ($)	Mar. 13, 2023 USD ($)	Feb. 16, 2023 USD ($) a	Sep. 01, 2022 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2022 USD ($)	Aug. 21, 2023 a $ / shares
Business Acquisition [Line Items]
Business Combination, Stock Conversion Ratio | $ / shares									$ 1.446
Business Acquisition, Pro Forma Revenue							$ 2,472,119,000
Business Acquisition, Pro Forma Net Income (Loss)							$ 325,523,000
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares							$ 1.14
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares							$ 1.03
Asset Acquisition, Consideration Transferred, Transaction Cost					$ 1,600,000
Proceeds from sales of oil and natural gas properties							$ 59,203,000	$ 6,190,000
Proceeds from Divestiture of Businesses [Abstract]
Proceeds from sales of oil and natural gas properties							59,203,000	6,190,000
Contingent considerations received related to divestiture							$ 60,000,000	$ 0
Subsequent Event
Business Acquisition [Line Items]
Total Merger Consideration	$ 3,000,000,000
Proceeds from Divestiture of Businesses [Abstract]
Business Combination, Consideration Transferred, Liabilities Incurred	1,050,000,000
Class A | Subsequent Event
Business Acquisition [Line Items]
Fair value of noncontrolling interest that resulted from Class C Common Stock issuance	161,000,000
Class C | Subsequent Event
Business Acquisition [Line Items]
Fair value of noncontrolling interest that resulted from Class C Common Stock issuance	$ 49,500,000
2023 Divestiture
Business Acquisition [Line Items]
Proceeds from sales of oil and natural gas properties		$ 65,000,000
Proceeds from Divestiture of Businesses [Abstract]
Proceeds from Divestiture of Businesses		125,000,000
Proceeds from sales of oil and natural gas properties		65,000,000
Contingent considerations received related to divestiture		$ 60,000,000
2023 Acquisition
Business Acquisition [Line Items]
Merger, Number of Net Leasehold Acres Midland | a									167,000
Merger, Number of Net Leasehold Acres | a			4,000						56,000
Merger, Net Royalty Acres | a			3,300
Asset Acquisition, Price of Acquisition, Expected			$ 98,000,000
Deferred Tax Liabilities, Net			24,800,000
Asset Acquisition, Consideration Transferred			107,300,000
Asset Acquisition, Cash and Equivalents			11,300,000
Asset Acquisition, Net Working Capital			9,800,000
2023 Acquisition | Proved Properties
Business Acquisition [Line Items]
Property, Plant and Equipment, Additions			$ 60,500,000
Colgate
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue						$ 859,264,000
Business Acquisition, Pro Forma Net Income (Loss)						$ 207,717,000
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares						$ 0.73
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares						$ 0.65
Shares of Class C Common Stock issued to Colgate unitholders | shares				269,300,000
Class C Common Stock per share fair value on September 1, 2022(1) | $ / shares				$ 7.30
Fair value of noncontrolling interest that resulted from Class C Common Stock issuance				$ 1,967,053,000
Cash consideration				525,000,000
Total Merger Consideration				2,492,053,000
Cash and cash equivalents				28,212,000
Accounts receivable, net				153,286,000
Derivative instruments				71,961,000
Prepaid and other assets				10,288,000
Other property and equipment, net				2,589,000
Operating lease right-of-use assets				21,894,000
Total assets acquired				4,223,758,000
Accounts payable and accrued expenses				333,250,000
Operating lease liabilities				26,233,000
Derivative instruments				322,000
Long-term debt, net				1,350,744,000
Asset retirement obligations				21,156,000
Total liabilities assumed				$ 1,731,705,000

Accounts Receivable, Accounts_3

Accounts Receivable, Accounts Payable and Accrued Expenses - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued oil and gas sales receivable, net	$ 214,286	$ 206,266
Joint interest billings, net	106,201	58,375
Accrued derivative settlements receivable	2,331	16,999
Other	16,677	1,206
Accounts receivable, net	$ 339,495	$ 282,846

Accounts Receivable, Accounts_4

Accounts Receivable, Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable	$ 101,452	$ 51,443
Accrued capital expenditures	164,586	133,854
Revenues payable	286,384	250,120
Accrued employee compensation and benefits	13,191	33,897
Accrued interest	38,447	45,627
Accrued derivative settlements payable	3,760	2,342
Accrued expenses and other	57,539	44,873
Accounts payable and accrued expenses	$ 665,359	$ 562,156

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 12, 2023	Sep. 01, 2022	Mar. 26, 2021	Mar. 19, 2021	May 22, 2020	Mar. 15, 2019	Nov. 30, 2017
Debt Instrument [Line Items]
Long-term debt, net	$ 2,254,178	$ 2,140,798
Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs on Senior Notes	(17,279)	(10,994)
Unamortized debt discount	(44,342)	(49,007)
Long-term debt, net	$ 2,254,178	1,755,798
Senior Notes | Senior Notes Due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage	5.375%						5.375%		5.375%
Long-term Debt, Gross	$ 289,448	289,448
Debt Instrument, Face Amount	$ 289,400								$ 400,000
Senior Notes | 7.75% Senior Notes Due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage	7.75%			7.75%
Long-term Debt, Gross	$ 300,000	300,000
Debt Instrument, Face Amount	$ 300,000	300,000		$ 300,000
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Interest rate, stated percentage	6.875%							6.875%
Long-term Debt, Gross	$ 356,351	356,351
Unamortized debt discount								$ (3,800)
Debt Instrument, Face Amount	$ 356,400							$ 500,000
Senior Notes | 5.875% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate, stated percentage	5.875%
Unamortized debt discount				(49,300)
Debt Instrument, Face Amount	$ 700,000	700,000
Senior Notes | 7.00% Senior Notes Due 2032
Debt Instrument [Line Items]
Interest rate, stated percentage	7%
Long-term Debt, Gross	$ 500,000	0
Debt Instrument, Face Amount	$ 500,000	0	$ 500,000
Convertible Senior Notes | Convertible Senior Notes Due 2028
Debt Instrument [Line Items]
Interest rate, stated percentage	3.25%					3.25%
Long-term Debt, Gross	$ 170,000	$ 170,000
Long-term debt, net	$ 165,700
Conversion of common shares from Class C to Class A, net of tax (in shares)	163.6986	159.2610
Debt Instrument, Face Amount		$ 170,000			$ 20,000	$ 150,000
Convertible Senior Notes | Convertible Senior Notes Due 2028 | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1	1
Convertible Senior Notes | 5.875% Senior Notes Due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross	700,000	700,000
Debt Instrument, Face Amount				$ 700,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term Debt, Gross	0	385,000
Debt Instrument, Face Amount	$ 0	$ 385,000

Long-Term Debt - Credit Agreeme

Long-Term Debt - Credit Agreement (Details) - Line of Credit $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) redetermination
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit, term	5 years
Line of Credit Facility, Current Borrowing Capacity	$ 2,500,000
Remaining borrowing capacity, net of current borrowings outstanding	$ 1,500,000
Number of optional borrowing base redeterminations | redetermination	2
Line of Credit Facility, Earthstone Exclusion	$ 1,050,000
Line of Credit Facility, Earthstone Exclusion of Refinance	$ 1,000,000
Revolving Credit Facility | Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%
Revolving Credit Facility | Credit Spread Adjustment - SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.10%
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.375%
Debt instrument, covenant, minimum current ratio	1
Line of Credit Facility, Current Borrowing Capacity, Elected Commitments	$ 1,500,000
New Line of Credit Facility, Current Borrowing Capacity, Elected Commitments	$ 2,000,000
Revolving Credit Facility | Minimum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Revolving Credit Facility | Minimum | Adjusted Term - SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 3,000,000
Line of Credit Facility, Commitment Fee Percentage	0.50%
Debt instrument, covenant, maximum leverage ratio	3.5
Revolving Credit Facility | Maximum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.75%
Revolving Credit Facility | Maximum | Adjusted Term - SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 5,800

Long-Term Debt - Convertible Se

Long-Term Debt - Convertible Senior Notes (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 26, 2021	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Mar. 19, 2021
Debt Instrument [Line Items]
Redemption price percentage			100%
Long-term debt, net		$ 2,254,178	$ 2,254,178	$ 2,140,798
Convertible Senior Notes Due 2028 | Convertible Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 20,000			$ 170,000	$ 150,000
Interest rate, stated percentage		3.25%	3.25%		3.25%
Proceeds from borrowings, net of issuance costs	163,600
Debt issuance costs	$ 6,400
Debt Instrument, Convertible, Conversion Price		$ 6.28	$ 6.28
Redemption price percentage			130%
Debt Instrument, Convertible, Threshold Trading Days			20
Debt Instrument, Convertible, Threshold Consecutive Trading Days			30
Debt Instrument, Convertible, Event of Default Minimum Percentage Of Aggregate Principal Amount Holders May Declare Immediately Due And Payable		25%	25%
Long-term debt, net		$ 165,700	$ 165,700
Conversion of common shares from Class C to Class A, net of tax (in shares)		163.6986		159.2610
Convertible Senior Notes Due 2028 | Convertible Senior Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1	$ 1	$ 1
Redemption price percentage			130%
Debt Instrument, Convertible, Threshold Trading Days			20
Debt Instrument, Convertible, Threshold Consecutive Trading Days			30
Convertible Senior Notes Due 2028 | Convertible Senior Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt Instrument, Convertible, Threshold Consecutive Trading Days			10
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger			98%

Long-Term Debt - Capped Called

Long-Term Debt - Capped Called Transactions (Details) - Convertible Senior Notes Due 2028 - Convertible Senior Notes	Sep. 30, 2023 $ / shares
Line of Credit Facility [Line Items]
Debt instrument conversion strike price	$ 6.28
Debt instrument conversion cap price	$ 8.4525

Long-Term Debt - Senior Unsecur

Long-Term Debt - Senior Unsecured Notes (Details) - USD ($) $ in Thousands						9 Months Ended
	Sep. 12, 2023	Sep. 01, 2022	May 22, 2020	Mar. 15, 2019	Nov. 30, 2017	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Redemption price percentage						100%
Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount						$ 44,342	$ 49,007
Percentage of principal amount, eligible to be redeemed						35%
Redemption price percentage						100%
Percentage of principal amount, redeemable						65%
Debt Instrument, Redemption Period, Maximum Period Within Closing Of Offering						180 days
Debt Instrument, Redemption Price, Percentage of Principal Amount, Outstanding Amount Immediately Due And Payable						30%
Senior Notes Due 2027 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 500,000		$ 356,400
Interest rate, stated percentage				6.875%		6.875%
Private placement price as percentage of par				99.235%
Proceeds from borrowings, net of issuance costs				$ 489,000
Debt Instrument, Unamortized Discount				3,800
Debt issuance costs				$ 7,200
Debt Conversion, Original Debt, Amount			$ 143,700
Redemption price percentage				106.875%
Senior Notes Due 2026 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 400,000	$ 289,400
Interest rate, stated percentage			5.375%		5.375%	5.375%
Proceeds from borrowings, net of issuance costs					$ 391,000
Debt issuance costs					$ 9,000
Debt Conversion, Original Debt, Amount			$ 110,600
Redemption price percentage					105.375%
7.75% Senior Notes Due 2026 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 300,000				$ 300,000	300,000
Interest rate, stated percentage		7.75%				7.75%
Private placement price as percentage of par		100%
Redemption price percentage		107.75%
8.00% Second Lien Senior Secured Notes Due 2027 | Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage			8%
Debt Conversion, Original Debt, Amount			$ 127,100
7.00% Senior Notes Due 2032 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500,000					$ 500,000	$ 0
Interest rate, stated percentage						7%
Proceeds from borrowings, net of issuance costs	491,900
Debt issuance costs	$ 8,100
Percentage of principal amount, eligible to be redeemed						40%
Redemption price percentage	107%
Percentage of principal amount, redeemable						60%

Long-Term Debt - Senior Notes (

Long-Term Debt - Senior Notes (Details) - USD ($) $ in Thousands				9 Months Ended
	Sep. 01, 2022	Mar. 15, 2019	Nov. 30, 2017	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Redemption price percentage				100%
Senior Notes
Debt Instrument [Line Items]
Percentage of principal amount, event of default				25%
Debt Instrument, Unamortized Discount				$ 44,342	$ 49,007
Redemption price percentage				100%
Senior Notes | Senior Notes Due 2026
Debt Instrument [Line Items]
Percentage of principal amount, change in control		101%
Debt Instrument, Face Amount			$ 400,000	$ 289,400
Redemption price percentage			105.375%
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Percentage of principal amount, change in control		101%
Debt Instrument, Face Amount		$ 500,000		356,400
Private placement price as percentage of par		99.235%
Debt Instrument, Unamortized Discount		$ 3,800
Redemption price percentage		106.875%
Senior Notes | 5.875% Senior Notes Due 2029
Debt Instrument [Line Items]
Debt Instrument, Face Amount				700,000	700,000
Private placement price as percentage of par	92.96%
Debt Instrument, Unamortized Discount	$ 49,300
Redemption price percentage	105.875%
Senior Notes | 7.75% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 300,000			$ 300,000	$ 300,000
Private placement price as percentage of par	100%
Redemption price percentage	107.75%
Convertible Senior Notes | 5.875% Senior Notes Due 2029
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 700,000

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligations, beginning of period	$ 40,947
Liabilities incurred	1,908
Liabilities acquired	5,260
Liabilities divested and settled	(5,873)
Accretion expense	2,151
Asset retirement obligations, end of period	$ 44,393

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended
	May 23, 2023 shares	Aug. 18, 2022 shares	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) employee $ / shares shares	Sep. 30, 2022 USD ($)	May 01, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares					0
Share-based Payment Arrangement, Expense			$ 16,020	$ 28,853	$ 69,585	$ 46,182
Number of Employees Terminated | employee					19
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares					$ 10.06
Fair value of vested restricted stock awards					$ 34,500	18,300
Unrecognized compensation costs			26,200		$ 26,200
Unrecognized compensation costs, period for recognition					2 years 2 months 12 days
Granted | shares					905,960
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares					4,742,065
Share-based Payment Arrangement, Expense			6,311	7,599	$ 30,324	15,519
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock options vested						300
Intrinsic value of options exercised					371
Unrecognized compensation costs for stock options			0		0
Share-based Payment Arrangement, Expense			0	13	$ 1	70
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares					$ 18.19
Unrecognized compensation costs			49,700		$ 49,700
Unrecognized compensation costs, period for recognition					3 years
Granted | shares					288,355
Share-based Payment Arrangement, Cash Settled Amount			$ 9,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares			800,000		2,462,725
Share-based Payment Arrangement, Expense			$ 9,709	41,079	$ 39,260	45,161
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | shares			5,034,920		5,034,920
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Other | shares		4,700,000
Cash-settled Performance Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted | shares			5,500,000
Share-based Payment Arrangement, Expense			$ 0	$ (19,916)	$ 0	$ (14,789)
2016 Long Term Incentive Plan | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Option expiration period					10 years
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares							2,000,000
2023 Long Term Incentive Plan | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares	69,250,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares	25,000,000
Director | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Minimum | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Minimum | Officer and employees | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Maximum | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					5 years
Maximum | Officer and employees | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					5 years

Stock-Based Compensation - Comp

Stock-Based Compensation - Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	$ 16,020	$ 28,853	$ 69,585	$ 46,182
Plan modification, incremental cost	7,100	7,000	39,300
Restricted stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	6,311	7,599	30,324	15,519
Stock option awards
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	0	13	1	70
Performance stock units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	9,709	41,079	39,260	45,161
Employee Stock Purchase Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	0	78	0	221
Equity [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	16,020	48,769	69,585	60,971
Cash-settled Performance Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity based compensation expense	$ 0	$ (19,916)	$ 0	$ (14,789)

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock (Details) - Restricted stock	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Restricted Stock
Unvested balance, beginning of period | shares	8,182,705
Granted | shares	905,960
Vested | shares	(4,742,065)
Forfeited | shares	(601,391)
Unvested balance, end of period | shares	3,745,209
Weighted Average Fair Value
Unvested balance, beginning balance | $ / shares	$ 6.03
Granted | $ / shares	10.06
Vested | $ / shares	7.27
Forfeited | $ / shares	7.72
Unvested balance, ending balanced | $ / shares	$ 8.14

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023
Options
Outstanding, beginning of period (in shares)	2,056,467
Granted (in shares)	0
Option exercises (in shares)	76,834
Forfeited (in shares)	0
Expired (in shares)	(1,144,334)
Outstanding, end of period (in shares)	835,299
Exercisable (in shares)	835,299
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 15.44
Granted (in dollars per share)	0
Exercised (in dollars per share)	6.73
Forfeited (in dollars per share)	0
Expired (in dollars per share)	15.46
Outstanding, end of period (in dollars per share)	16.21
Exercisable, Weighted Average Exercise Price	$ 16.21
Outstanding, weighted average remaining term	3 years 4 months 24 days
Exercisable, weighted average remaining term	3 years 4 months 24 days
Outstanding, aggregate intrinsic value	$ 688,000
Exercisable, aggregate intrinsic value	$ 688,000

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions For Performance Stock Units (Details) - Performance stock units	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 18.19
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Number of Simulations	10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	55.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.20%
Granted | shares	288,355

Stock-Based Compensation - Perf

Stock-Based Compensation - Performance Stock Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Aug. 18, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense		$ 16,020	$ 28,853	$ 69,585	$ 46,182
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number						7,638,098
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted				288,355
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		(800,000)		(2,462,725)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations				(428,808)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		5,034,920		5,034,920
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value		$ 15.17		$ 15.17		$ 13.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Intrinsic Value, Amount Per Share				18.19
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Intrinsic Value, Amount Per Share				10.10
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Intrinsic Value, Amount Per Share				$ 13.58
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested				$ 41,100	2,700
Share-based Payment Arrangement, Expense		$ 9,709	$ 41,079	$ 39,260	$ 45,161
Modified Performance Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 10,000

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Derivative Instruments (Details) - Not Designated as Hedging Instrument	9 Months Ended
	Sep. 30, 2023 MMBTU bbl / d $ / bbl $ / MMBTU bbl
Crude Oil Basis Swap - Period One [Member]
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.63
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	11,141
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,025,002
Crude Oil Basis Swap - Period Two [Member]
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.86
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
Crude Oil Basis Swap - Period Three [Member]
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.86
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
Crude Oil Basis Swap - Period Four [Member]
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.86
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
Crude Oil Basis Swap - Period Five
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.86
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
Crude Oil Basis Swap - Period Six
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.95
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	450,000
Crude Oil Basis Swap - Period Seven
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.95
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	455,000
Crude Oil Basis Swap - Period Eight
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.95
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	460,000
Crude Oil Basis Swap - Period Nine
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.95
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	460,000
Crude Oil Roll Differential Swap - Period One
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	1.16
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	18,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,656,000
Crude Oil Roll Differential Swap - Period Two
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.58
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
Crude Oil Roll Differential Swap - Period Three
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.58
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
Crude Oil Roll Differential Swap - Period Four
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.57
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
Crude Oil Roll Differential Swap - Period Five
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.57
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
Crude Oil Roll Differential Swap - Period Six
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.35
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	450,000
Crude Oil Roll Differential Swap - Period Seven
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.35
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	455,000
Crude Oil Roll Differential Swap - Period Eight
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.35
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	460,000
Crude Oil Roll Differential Swap - Period Nine
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.35
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	5,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	460,000
Natural Gas Swaps - Henry Hub - Period One
Derivative [Line Items]
Volume (MMBtu) | MMBTU	1,413,628
Volume (MMBtu/d) | MMBTU	15,366
Weighted Average Fixed Price ($/Bbl) | $ / MMBTU	4.90
Natural Gas Swaps - Henry Hub - Period Two [Member]
Derivative [Line Items]
Volume (MMBtu) | MMBTU	4,104,919
Volume (MMBtu/d) | MMBTU	45,109
Weighted Average Fixed Price ($/Bbl) | $ / MMBTU	3.77
Natural Gas Swaps - Henry Hub - Period Three [Member]
Derivative [Line Items]
Volume (MMBtu) | MMBTU	446,321
Volume (MMBtu/d) | MMBTU	4,905
Weighted Average Fixed Price ($/Bbl) | $ / MMBTU	3.93
Natural Gas Swaps - Henry Hub - Period Four [Member]
Derivative [Line Items]
Volume (MMBtu) | MMBTU	429,388
Volume (MMBtu/d) | MMBTU	4,667
Weighted Average Fixed Price ($/Bbl) | $ / MMBTU	4.01
Natural Gas Swaps - Henry Hub - Period Five [Member]
Derivative [Line Items]
Volume (MMBtu) | MMBTU	413,899
Volume (MMBtu/d) | MMBTU	4,499
Weighted Average Fixed Price ($/Bbl) | $ / MMBTU	4.32
Natural Gas Basis Swap - Period One [Member]
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	1.30
Volume (MMBtu) | MMBTU	6,210,000
Volume (MMBtu/d) | MMBTU	67,500
Natural Gas Basis Swap - Period two
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.52
Volume (MMBtu) | MMBTU	3,640,000
Volume (MMBtu/d) | MMBTU	40,000
Natural Gas Basis Swap - Period Three
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.67
Volume (MMBtu) | MMBTU	1,820,000
Volume (MMBtu/d) | MMBTU	20,000
Natural Gas Basis Swap - Period Four
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.66
Volume (MMBtu) | MMBTU	1,840,000
Volume (MMBtu/d) | MMBTU	20,000
Natural Gas Basis Swap - Period Five
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.64
Volume (MMBtu) | MMBTU	1,840,000
Volume (MMBtu/d) | MMBTU	20,000
Natural Gas Basis Swap (HSC)- Period One
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0.30
Volume (MMBtu) | MMBTU	1,840,000
Volume (MMBtu/d) | MMBTU	20,000
Natural Gas Basis Swap (HSC)- Period Two
Derivative [Line Items]
Weighted Average Differential ($/MMBtu)	0
Volume (MMBtu) | MMBTU	3,640,000
Volume (MMBtu/d) | MMBTU	40,000
Natural Gas Collars - Period One
Derivative [Line Items]
Derivative, Average Floor Price	3.66
Volume (MMBtu) | MMBTU	6,636,372
Volume (MMBtu/d) | MMBTU	72,134
Derivative, Average Cap Price	8.22
Natural Gas Collars - Period Two [Member]
Derivative [Line Items]
Derivative, Average Floor Price	3.36
Volume (MMBtu) | MMBTU	3,175,081
Volume (MMBtu/d) | MMBTU	34,891
Derivative, Average Cap Price	9.44
Natural Gas Collars - Period Three
Derivative [Line Items]
Derivative, Average Floor Price	3
Volume (MMBtu) | MMBTU	1,373,679
Volume (MMBtu/d) | MMBTU	15,095
Derivative, Average Cap Price	6.45
Natural Gas Collars - Period Four
Derivative [Line Items]
Derivative, Average Floor Price	3
Volume (MMBtu) | MMBTU	1,410,612
Volume (MMBtu/d) | MMBTU	15,333
Derivative, Average Cap Price	6.52
Natural Gas Collars - Period Five
Derivative [Line Items]
Derivative, Average Floor Price	3.25
Volume (MMBtu) | MMBTU	1,426,101
Volume (MMBtu/d) | MMBTU	15,501
Derivative, Average Cap Price	7.30
NYMEX WTI [Member] | Crude Oil Swap - Period One [Member]
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	82.93
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	19,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,748,000
NYMEX WTI [Member] | Crude Oil Swap - Period Two [Domain]
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	77.54
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
NYMEX WTI [Member] | Crude Oil Swap - Period Three [Member]
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	76.34
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,820,000
NYMEX WTI [Member] | Crude Oil Swap - Period Four [Member]
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	75.19
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
NYMEX WTI [Member] | Crude Oil Swap - Period Five [Member]
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	74.19
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	20,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,840,000
NYMEX WTI [Member] | Crude Oil Swap - Period Six
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	73.51
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	11,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	990,000
NYMEX WTI [Member] | Crude Oil Swap - Period Seven
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	72.27
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	11,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,001,000
NYMEX WTI [Member] | Crude Oil Swap - Period Eight
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	71.09
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	11,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,012,000
NYMEX WTI [Member] | Crude Oil Swap - Period Nine
Derivative [Line Items]
Weighted Average Fixed Price ($/Bbl)	70.03
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	11,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,012,000
NYMEX WTI [Member] | Crude Oil Collars - Period One [Member]
Derivative [Line Items]
Derivative, Average Floor Price	76.43
Derivative, Average Cap Price	92.70
Derivative, Nonmonetary Notional Amount, Volume Per Day | bbl / d	7,000
Derivative, Nonmonetary Notional Amount, Volume | bbl	644,000

Derivative Instruments - Gains

Derivative Instruments - Gains and Losses from Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain (loss) on derivative instruments	$ (151,781)	$ 181,308	$ (76,668)	$ 17,651

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments Balance Sheet Classification (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivative instruments
Derivative Assets
Gross Fair Value Asset/Liability Amounts	$ 15,538	$ 125,120
Gross Amounts Offset	(12,876)	(24,323)
Net Recognized Fair Value Assets/Liabilities	2,662	100,797
Noncurrent Assets [Member]
Derivative Assets
Gross Fair Value Asset/Liability Amounts	1,592	22,016
Gross Amounts Offset	(1,592)	(3,691)
Net Recognized Fair Value Assets/Liabilities	0	18,325
Derivative instruments
Derivative Liabilities
Gross Fair Value Asset/Liability Amounts	48,624	26,321
Gross Amounts Offset	(12,876)	(24,323)
Net Recognized Fair Value Assets/Liabilities	35,748	1,998
Non Current Liabilities [Member]
Derivative Liabilities
Gross Fair Value Asset/Liability Amounts	19,613	6,349
Gross Amounts Offset	(1,592)	(3,691)
Net Recognized Fair Value Assets/Liabilities	$ 18,021	$ 2,658

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Derivative Assets and Liabilities (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 0	$ 0
Derivative Liability	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2,662	119,122
Derivative Liability	53,769	4,656
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Derivative Liability	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value of Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 12, 2023	Dec. 31, 2022	Sep. 01, 2022	Mar. 26, 2021	Mar. 19, 2021	May 22, 2020	Mar. 15, 2019	Nov. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	$ 2,254,178		$ 2,140,798
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	$ 2,254,178		1,755,798
Senior Notes Due 2026 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	5.375%						5.375%		5.375%
Long-term Debt, Gross	$ 289,448		289,448
Debt Instrument, Face Amount	289,400								$ 400,000
Fair value of debt instrument	$ 278,902		264,366
Senior Notes Due 2027 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	6.875%							6.875%
Long-term Debt, Gross	$ 356,351		356,351
Debt Instrument, Face Amount	356,400							$ 500,000
Fair value of debt instrument	$ 351,380		337,126
Convertible Senior Notes Due 2028 | Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	3.25%					3.25%
Long-term Debt, Gross	$ 170,000		170,000
Long-term debt, net	165,700
Debt Instrument, Face Amount			170,000		$ 20,000	$ 150,000
Fair value of debt instrument	$ 403,675		285,858
7.75% Senior Notes Due 2026 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	7.75%			7.75%
Long-term Debt, Gross	$ 300,000		300,000
Debt Instrument, Face Amount	300,000		300,000	$ 300,000
Fair value of debt instrument	$ 301,764		291,338
5.875% Senior Notes Due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	5.875%
Debt Instrument, Face Amount	$ 700,000		700,000
Fair value of debt instrument	654,684		601,125
5.875% Senior Notes Due 2029 | Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	$ 700,000		700,000
Debt Instrument, Face Amount				$ 700,000
7.00% Senior Notes Due 2032 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	7%
Long-term Debt, Gross	$ 500,000		0
Debt Instrument, Face Amount	500,000	$ 500,000	0
Fair value of debt instrument	495,334		0
Revolving Credit Facility | Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	0		385,000
Debt Instrument, Face Amount	0		385,000
Fair value of debt instrument	0		385,000
Carrying Value | Senior Notes Due 2026 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	287,179		286,512
Carrying Value | Senior Notes Due 2027 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	352,365		351,632
Carrying Value | Convertible Senior Notes Due 2028 | Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	165,676		165,025
Carrying Value | 7.75% Senior Notes Due 2026 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	300,000		300,000
Carrying Value | 5.875% Senior Notes Due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	657,039		652,629
Carrying Value | 7.00% Senior Notes Due 2032 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	491,919		0
Carrying Value | Revolving Credit Facility | Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	$ 0		$ 385,000

Equity (Details)

Equity (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Sep. 01, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	1,500,000,000			1,500,000,000
Share repurchases	$ (57,300,000)
Common Stock, Dividends, Per Share, Cash Paid				$ 143,100,000
OpCo
Class of Stock [Line Items]
Ownership interest of non-controlling interest	38%			38%			48%
Class A
Equity [Abstract]
Common stock, shares issued (in shares)	354,470,922			354,470,922	298,640,260
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	350,725,718			350,725,718	288,532,257
Dividends, Common Stock, Cash	$ 0.05			$ 0.05
Class A | Common Stock
Equity [Abstract]
Common stock, shares issued (in shares)	354,471,000	325,446,000	321,724,000	354,471,000	298,640,000	298,196,000		297,060,000	294,135,000	294,261,000
Class of Stock [Line Items]
Conversion of common shares from Class C to Class A, net of tax (in shares)	27,210,000	1,011,000	20,906,000
Class A | Conversion of Class C Common Stock to Class A Common Stock | Common Stock
Class of Stock [Line Items]
Conversion of Shares, Tax Expense (Benefit)				$ 16,600,000
Conversion of common shares from Class C to Class A, net of tax (in shares)				49,100,000
Class A | Repurchase Program
Equity [Abstract]
Stock repurchase program, authorized amount							$ 500,000,000
Class of Stock [Line Items]
Stock repurchase program, authorized amount							$ 500,000,000
Class C
Equity [Abstract]
Common stock, shares issued (in shares)	215,223,134			215,223,134	269,300,000
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	215,223,134			215,223,134	269,300,000
Dividends, Common Stock, Cash	$ 0.05
Class C | Common Stock
Equity [Abstract]
Common stock, shares issued (in shares)	215,223,000	244,633,000	245,644,000	215,223,000	269,300,000	269,300,000		0	0	0
Class of Stock [Line Items]
Conversion of common shares from Class C to Class A, net of tax (in shares)	(27,210,000)	(1,011,000)	(20,906,000)
UpCo, Common Unit
Class of Stock [Line Items]
Dividends, Common Stock, Cash	$ 0.05

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to Class A Common Stock	$ 45,433	$ 224,359	$ 220,952	$ 431,987
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	1,374	1,395	4,116	5,391
Net Income (Loss) Available to Common Stockholders, Diluted	$ 46,807	$ 225,754	$ 225,068	$ 437,378
Basic weighted average shares of Class A Common Stock outstanding (in shares)	324,650	286,245	312,015	285,368
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	13,695	8,667	11,819	8,153
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	27,829	27,074	27,583	27,074
Diluted weighted average shares of Class A Common Stock outstanding (in shares)	366,174	321,986	351,417	320,595
Basic net earnings per share of Class A Common Stock (USD per share)	$ 0.14	$ 0.78	$ 0.71	$ 1.51
Diluted net earnings per share of Class A Common Stock (USD per share)	$ 0.13	$ 0.70	$ 0.64	$ 1.36

Earnings Per Share - Summary of

Earnings Per Share - Summary of Shares Excluded From Diluted Earnings Per Share Calculation (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Out-of-the-money stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-diluted shares excluded from computation of earnings per share (in shares)	1,022	2,034	1,451	2,060
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-diluted shares excluded from computation of earnings per share (in shares)	0	3,095	69	1,032
Class C
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-diluted shares excluded from computation of earnings per share (in shares)	241,340	87,815	250,018	29,593
Performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-diluted shares excluded from computation of earnings per share (in shares)	0	1,452	39	634

Transactions with Related Par_3

Transactions with Related Parties - Schedule of Revenues Recognized and Processing Fees Incurred with Related Parties (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 23, 2022
Related Party Transaction [Line Items]
Stock Repurchased and Retired During Period, Shares			5
Share repurchases	$ (57,300)
Accounts receivable, net	339,495		$ 339,495		$ 282,846
Streamline | Affiliated Entity
Related Party Transaction [Line Items]
Accounts Payable	649		649		0
Costs and Expenses, Related Party	1,782	$ 358	3,616	$ 669
Lucid Energy Delaware, LLC | Affiliated Entity
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	0	6,527	0	25,117
Costs and Expenses, Related Party	0	$ 729	0	$ 5,398
Maple Energy Holdings LLC | Affiliated Entity
Related Party Transaction [Line Items]
Accounts Payable	0		0		2,790
Accounts receivable, net	0		0		128
Other Liabilities						$ 60,000
LM Energy Partners | Affiliated Entity
Related Party Transaction [Line Items]
Accounts Payable	$ 0		$ 0		$ 2,283

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Minimum
Supply Commitment [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0
Maximum
Supply Commitment [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 7,600

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregated Revenues (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]
Oil and gas sales	$ 758,541	$ 549,778	$ 1,998,207	$ 1,369,709
Oil sales
Disaggregation of Revenue [Line Items]
Oil and gas sales	660,445	397,187	1,734,057	1,009,545
Natural gas sales(1)
Disaggregation of Revenue [Line Items]
Oil and gas sales	38,354	93,455	94,123	200,503
NGL sales(2)
Disaggregation of Revenue [Line Items]
Oil and gas sales	$ 59,742	$ 59,136	$ 170,027	$ 159,661

Revenues - Additional Informati

Revenues - Additional Information (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
Disaggregation of Revenue [Line Items]
Oil and gas sales	$ 758,541	$ 549,778	$ 1,998,207	$ 1,369,709
Accrued oil and gas sales receivable, net	214,300		$ 214,300		$ 206,300
Natural Gas and NGL sales | Minimum
Disaggregation of Revenue [Line Items]
Performance obligations billing cycle			30 days
Oil sales
Disaggregation of Revenue [Line Items]
Oil and gas sales	660,445	397,187	$ 1,734,057	1,009,545
NGL sales(2)
Disaggregation of Revenue [Line Items]
Oil and gas sales	59,742	59,136	170,027	159,661
Reduction to NGL	16,300		48,900	0
Natural gas sales(1)
Disaggregation of Revenue [Line Items]
Oil and gas sales	38,354	$ 93,455	94,123	200,503
Reduction to NGL	$ 12,000		$ 30,700	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	Nov. 07, 2023 $ / shares
Subsequent Event [Line Items]
Base and Variable Dividend, Return, Amount	$ 0.12
Class A
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	0.05
Class A | Variable Cash Dividend
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	0.07
Common Unit Of OpCo.
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	0.05
Common Unit Of OpCo. | Variable Cash Dividend
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.07

Uncategorized Items - cdev-2023

Label	Element	Value
Colgate [Member] | Proved Property [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment	$ 3,298,909,000
Colgate [Member] | Unproved Properties [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment	$ 636,619,000