SM Energy (SM) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover page

Cover page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 20, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-31539
Entity Registrant Name	SM ENERGY CO
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0518430
Entity Address, Address Line One	1700 Lincoln Street, Suite 3200
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80203
City Area Code	(303)
Local Phone Number	861-8140
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	SM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		122,593,857
Entity Central Index Key	0000893538
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 267,089	$ 332,716
Accounts receivable	333,944	247,201
Derivative assets	18,308	24,095
Prepaid expenses and other	13,792	9,175
Total current assets	633,133	613,187
Property and equipment (successful efforts method):
Proved oil and gas properties	9,694,929	9,397,407
Accumulated depletion, depreciation, and amortization	(5,944,409)	(5,634,961)
Unproved oil and gas properties	577,854	629,098
Wells in progress	290,407	148,394
Other property and equipment, net of accumulated depreciation of $62,203 and $62,359, respectively	33,199	36,060
Total property and equipment, net	4,651,980	4,575,998
Noncurrent assets:
Derivative assets	8,236	239
Other noncurrent assets	45,775	44,553
Total noncurrent assets	54,011	44,792
Total assets	5,339,124	5,233,977
Current liabilities:
Accounts payable and accrued expenses	583,236	563,306
Derivative liabilities	425,041	319,506
Other current liabilities	5,476	6,515
Total current liabilities	1,013,753	889,327
Noncurrent liabilities:
Revolving credit facility	0	0
Senior Notes, net	1,570,648	2,081,164
Asset retirement obligations	100,296	97,324
Deferred income taxes	102,371	9,769
Derivative liabilities	36,347	25,696
Other noncurrent liabilities	70,809	67,566
Total noncurrent liabilities	1,880,471	2,281,519
Commitments and contingencies (note 6)
Stockholders’ equity:
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 121,959,282 and 121,862,248 shares, respectively	1,220	1,219
Additional paid-in capital	1,850,601	1,840,228
Retained earnings	605,564	234,533
Accumulated other comprehensive loss	(12,485)	(12,849)
Total stockholders’ equity	2,444,900	2,063,131
Total liabilities and stockholders’ equity	$ 5,339,124	$ 5,233,977

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Other property and equipment, accumulated depreciation	$ 62,203	$ 62,359
Common Stock, Par Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	121,959,282	121,862,248
Common Stock, Shares, Outstanding	121,959,282	121,862,248

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating revenues and other income:
Oil, gas, and NGL production revenue	$ 990,377	$ 562,569	$ 1,849,098	$ 985,734
Other operating income	1,725	1,280	2,780	21,961
Total operating revenues and other income	992,102	563,849	1,851,878	1,007,695
Operating expenses:
Oil, gas, and NGL production expense	165,593	125,456	310,284	226,386
Depletion, depreciation, amortization, and asset retirement obligation liability accretion	154,823	204,714	314,304	371,674
Exploration	20,868	8,714	29,914	18,037
Impairment	4,389	8,750	5,389	17,500
General and administrative	28,291	24,639	53,287	49,353
Net derivative loss	104,236	370,348	522,757	715,037
Other operating expense, net	1,096	1,852	1,401	1,253
Total operating expenses	479,296	744,473	1,237,336	1,399,240
Income (loss) from operations	512,806	(180,624)	614,542	(391,545)
Interest expense	(35,496)	(39,536)	(74,883)	(79,407)
Loss on extinguishment of debt	(67,226)	(2,144)	(67,605)	(2,144)
Other non-operating income (expense), net	112	(853)	(233)	(1,224)
Income (loss) before income taxes	410,196	(223,157)	471,821	(474,320)
Income tax (expense) benefit	(86,711)	162	(99,572)	56
Net income (loss)	$ 323,485	$ (222,995)	$ 372,249	$ (474,264)
Basic weighted-average common shares outstanding	121,910	118,357	121,909	116,568
Diluted weighted-average common shares outstanding	124,343	118,357	124,267	116,568
Basic net income (loss) per common share	$ 2.65	$ (1.88)	$ 3.05	$ (4.07)
Diluted net income (loss) per common share	2.60	(1.88)	3	(4.07)
Dividends per common share	$ 0	$ 0	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (in thousands) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 323,485	$ (222,995)	$ 372,249	$ (474,264)
Other comprehensive income, net of tax:
Pension liability adjustment	182	592	364	783
Total other comprehensive income, net of tax	182	592	364	783
Total comprehensive income (loss)	$ 323,667	$ (222,403)	$ 372,613	$ (473,481)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) (in thousands, except share data and dividends per share) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Loss
Cash dividends declared per share	$ 0.01
Balances, Common Stock, Shares, Outstanding, Beginning at Dec. 31, 2020		114,742,304
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2020	$ 2,016,160	$ 1,147	$ 1,827,914	$ 200,697	$ (13,598)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(251,269)			(251,269)
Other comprehensive income	191				191
Cash dividends	(1,147)			(1,147)
Stock-based compensation expense	5,737		5,737
Balances, Common Stock, Shares, Outstanding, Ending at Mar. 31, 2021		114,742,304
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2021	$ 1,769,672	$ 1,147	1,833,651	(51,719)	(13,407)
Cash dividends declared per share	$ 0.01
Balances, Common Stock, Shares, Outstanding, Beginning at Dec. 31, 2020		114,742,304
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2020	$ 2,016,160	$ 1,147	1,827,914	200,697	(13,598)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(474,264)
Other comprehensive income	783
Balances, Common Stock, Shares, Outstanding, Ending at Jun. 30, 2021		120,970,853
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2021	$ 1,552,509	$ 1,210	1,838,859	(274,745)	(12,815)
Cash dividends declared per share	$ 0
Cash dividends paid per share	$ 0.01
Balances, Common Stock, Shares, Outstanding, Beginning at Mar. 31, 2021		114,742,304
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2021	$ 1,769,672	$ 1,147	1,833,651	(51,719)	(13,407)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(222,995)			(222,995)
Other comprehensive income	592				592
Cash dividends	(31)			(31)
Issuance of common stock under Employee Stock Purchase Plan (Shares)		252,665
Issuance of common stock under Employee Stock Purchase Plan (Amount)	1,315	$ 3	1,312
Stock-based compensation expense (shares)		57,795
Stock-based compensation expense	3,956	$ 1	3,955
Issuance of common stock through cashless exercise of warrants (Shares)		5,918,089
Issuance of common stock through cashless exercise of warrants (Amount)	0	$ 59	(59)
Balances, Common Stock, Shares, Outstanding, Ending at Jun. 30, 2021		120,970,853
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2021	$ 1,552,509	$ 1,210	1,838,859	(274,745)	(12,815)
Cash dividends declared per share	$ 0.01
Balances, Common Stock, Shares, Outstanding, Beginning at Dec. 31, 2021	121,862,248	121,862,248
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2021	$ 2,063,131	$ 1,219	1,840,228	234,533	(12,849)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	48,764			48,764
Other comprehensive income	182				182
Cash dividends	(1,218)			(1,218)
Issuance of common stock upon vesting of RSUs, net of shares used for tax withholdings (Shares)		1,929
Issuance of common stock upon vesting of RSUs, net of shares used for tax withholdings (Amount)	(24)	$ 0	(24)
Stock-based compensation expense (shares)		0
Stock-based compensation expense	4,274	$ 0	4,274
Balances, Common Stock, Shares, Outstanding, Ending at Mar. 31, 2022		121,864,177
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2022	$ 2,115,109	$ 1,219	1,844,478	282,079	(12,667)
Cash dividends declared per share	$ 0.01
Balances, Common Stock, Shares, Outstanding, Beginning at Dec. 31, 2021	121,862,248	121,862,248
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2021	$ 2,063,131	$ 1,219	1,840,228	234,533	(12,849)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	372,249
Other comprehensive income	$ 364
Balances, Common Stock, Shares, Outstanding, Ending at Jun. 30, 2022	121,959,282	121,959,282
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2022	$ 2,444,900	$ 1,220	1,850,601	605,564	(12,485)
Cash dividends declared per share	$ 0
Balances, Common Stock, Shares, Outstanding, Beginning at Mar. 31, 2022		121,864,177
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2022	$ 2,115,109	$ 1,219	1,844,478	282,079	(12,667)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	323,485			323,485
Other comprehensive income	182				182
Issuance of common stock under Employee Stock Purchase Plan (Shares)		65,634
Issuance of common stock under Employee Stock Purchase Plan (Amount)	1,645	$ 1	1,644
Stock-based compensation expense (shares)		29,471
Stock-based compensation expense	$ 4,479	$ 0	4,479
Balances, Common Stock, Shares, Outstanding, Ending at Jun. 30, 2022	121,959,282	121,959,282
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2022	$ 2,444,900	$ 1,220	$ 1,850,601	$ 605,564	$ (12,485)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)		$ 323,485	$ (222,995)	$ 372,249	$ (474,264)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depletion, depreciation, amortization, and asset retirement obligation liability accretion		154,823	204,714	314,304	371,674
Impairment		4,389	8,750	5,389	17,500
Stock-based compensation expense				8,753	9,693
Net derivative loss		104,236	370,348	522,757	715,037
Derivative settlement loss				(408,781)	(266,707)
Amortization of debt discount and deferred financing costs				7,607	9,445
Loss on extinguishment of debt		67,226	2,144	67,605	2,144
Deferred income taxes		81,000	(162)	92,948	(214)
Other Noncash Income (Expense)				11,578	(13,377)
Net change in working capital				(109,748)	31,092
Net cash provided by operating activities				884,661	402,023
Cash flows from investing activities:
Capital expenditures				(365,745)	(370,177)
Other, net				0	221
Net cash used in investing activities				(365,745)	(369,956)
Cash flows from financing activities:
Proceeds from revolving credit facility				0	944,000
Repayment of revolving credit facility				0	(984,500)
Net proceeds from Senior Notes				0	393,583
Cash paid to repurchase Senior Notes				(584,946)	(385,296)
Net proceeds from sale of common stock				1,645	1,315
Dividends paid				(1,218)	(1,178)
Other, net				(24)	(1)
Net cash used in financing activities				(584,543)	(32,077)
Net change in cash, cash equivalents, and restricted cash				(65,627)	(10)
Cash, cash equivalents, and restricted cash at beginning of period				332,716	10
Cash, cash equivalents, and restricted cash at end of period		$ 267,089	$ 0	267,089	0
Supplemental Cash Flow Information - Operating activities:
Cash paid for interest, net of capitalized interest				(90,875)	(74,864)
Supplemental Cash Flow Information - Investing activities:
Increase in capital expenditure accruals and other				37,780	28,987
Non-cash financing activities (1)	[1]
[1] (1) Please refer to Note 5 - Long-Term Debt for discussion of the debt transactions executed during the six months ended June 30, 2022, and 2021.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Description of Operations SM Energy Company, together with its consolidated subsidiaries (“SM Energy” or the “Company”), is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in the state of Texas. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Quarterly Report on Form 10-Q, and Regulation S-X. These financial statements do not include all information and notes required by GAAP for annual financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements included in the 2021 Form 10-K . In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of interim financial information, have been included. Operating results for the periods presented are not necessarily indicative of expected results for the full year. In connection with the preparation of the Company’s unaudited condensed consolidated financial statements, the Company evaluated events subsequent to the balance sheet date of June 30, 2022, and through the filing of this report. Additionally, certain prior period amounts have been reclassified to conform to current period presentation in the accompanying unaudited condensed consolidated financial statements. Significant Accounting Policies The significant accounting policies followed by the Company are set forth in Note 1 - Summary of Significant Accounting Policies in the 2021 Form 10-K and are supplemented by the notes to the unaudited condensed consolidated financial statements included in this report. These unaudited condensed consolidated financial statements should be read in conjunction with the 2021 Form 10-K . Recently Issued Accounting Standards As of June 30, 2022, and through the filing of this report, no Accounting Standards Updates have been issued and not yet adopted that are applicable to the Company and that would have a material effect on the Company’s unaudited condensed consolidated financial statements and related disclosures.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 2 - Revenue from Contracts with Customers The Company recognizes its share of revenue from the sale of produced oil, gas, and NGLs from its Midland Basin and South Texas assets. Oil, gas, and NGL production revenue presented within the accompanying unaudited condensed consolidated statements of operations (“accompanying statements of operations”) is reflective of the revenue generated from contracts with customers. The tables below present oil, gas, and NGL production revenue by product type for each of the Company’s operating areas for the three and six months ended June 30, 2022, and 2021: Midland Basin South Texas Total Three Months Ended Three Months Ended Three Months Ended 2022 2021 2022 2021 2022 2021 (in thousands) Oil production revenue $ 534,927 $ 404,492 $ 132,092 $ 31,876 $ 667,019 $ 436,368 Gas production revenue 137,543 51,435 103,784 36,900 241,327 88,335 NGL production revenue 130 112 81,901 37,754 82,031 37,866 Total $ 672,600 $ 456,039 $ 317,777 $ 106,530 $ 990,377 $ 562,569 Relative percentage 68 % 81 % 32 % 19 % 100 % 100 % Midland Basin South Texas Total Six Months Ended Six Months Ended Six Months Ended 2022 2021 2022 2021 2022 2021 (in thousands) Oil production revenue $ 1,028,822 $ 690,597 $ 245,499 $ 51,548 $ 1,274,321 $ 742,145 Gas production revenue 239,816 109,241 171,560 68,752 411,376 177,993 NGL production revenue 282 212 163,119 65,384 163,401 65,596 Total $ 1,268,920 $ 800,050 $ 580,178 $ 185,684 $ 1,849,098 $ 985,734 Relative percentage 69 % 81 % 31 % 19 % 100 % 100 % The Company recognizes oil, gas, and NGL production revenue at the point in time when custody and title (“control”) of the product transfers to the purchaser, which differs depending on the applicable contractual terms. Transfer of control drives the presentation of transportation, gathering, processing, and other post-production expenses (“fees and other deductions”) within the accompanying statements of operations. Fees and other deductions incurred by the Company prior to control transfer are recorded within the oil, gas, and NGL production expense line item on the accompanying statements of operations. When control is transferred at or near the wellhead, sales are based on a wellhead market price that is impacted by fees and other deductions incurred by the purchaser subsequent to the transfer of control. Please refer to Note 2 - Revenue from Contracts with Customers in the 2021 Form 10-K for more information regarding the types of contracts under which oil, gas, and NGL production revenue is generated. Significant judgments made in applying the guidance in Accounting Standards Codification Topic 606, Revenue from Contracts with Customers, relate to the point in time when control transfers to purchasers in gas processing arrangements with midstream processors. The Company does not believe that significant judgments are required with respect to the determination of the transaction price, including amounts that represent variable consideration, as volume and price carry a low level of estimation uncertainty given the precision of volumetric measurements and the use of index pricing with generally predictable differentials. Accordingly, the Company does not consider estimates of variable consideration to be constrained. The Company’s performance obligations arise upon the production of hydrocarbons from wells in which the Company has an ownership interest. The performance obligations are considered satisfied upon control transferring to a purchaser at the wellhead, inlet, or tailgate of the midstream processor’s processing facility, or other contractually specified delivery point. The time period between production and satisfaction of performance obligations is generally less than one day, therefore there are no material unsatisfied or partially unsatisfied performance obligations at the end of the reporting period. Revenue is recorded in the month when performance obligations are satisfied. However, settlement statements from the purchasers of hydrocarbons and the related cash consideration are received 30 to 90 days after production has occurred. As a result, the Company must estimate the amount of production delivered to the customer and the consideration that will ultimately be received for sale of the product. Estimated revenue due to the Company is recorded within the accounts receivable line item on the accompanying unaudited condensed consolidated balance sheets (“accompanying balance sheets”) until payment is received. The accounts receivable balances from contracts with customers within the accompanying balance sheets as of June 30, 2022, and December 31, 2021, were $303.9 million and $215.6 million, respectively. To estimate accounts receivable from contracts with customers, the Company uses knowledge of its properties, historical performance, contractual arrangements, index pricing, quality and transportation differentials, and other factors as the basis for these estimates. Differences between estimates and actual amounts received for product sales are recorded in the month that payment is received from the purchaser.

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity Note Disclosure	Note 3 - Equity On June 17, 2020, the Company issued warrants to purchase up to an aggregate of approximately 5.9 million shares, or approximately five percent of its then outstanding common stock, at an exercise price of $0.01 per share (“Warrants”). The Warrants became exercisable at the election of the holders on January 15, 2021, pursuant to the terms of the Warrant Agreement, dated June 17, 2020 (“Warrant Agreement”). The Warrants are indexed to the Company’s common stock and are required to be settled through physical settlement or net share settlement, if exercised. Upon issuance, the $21.5 million fair value of the Warrants was recorded in additional paid-in capital on the accompanying balance sheets, and was determined using a stochastic Monte Carlo simulation using geometric Brownian motion (“GBM Model”). The Company evaluated the Warrants under authoritative accounting guidance and determined that they should be classified as equity instruments, with no recurring fair value measurement required. There have been no changes to the initial carrying amount of the Warrants since issuance. During the second quarter of 2021, the Company issued 5,918,089 shares of common stock as a result of the cashless exercise of 5,922,260 Warrants at a weighted-average share price of $15.45 per share, as determined under the terms of the Warrant Agreement. At the request of stockholders and pursuant to the Company’s obligations under the Warrant Agreement, a registration statement covering the resale of a majority of these shares was filed with the U.S. Securities and Exchange Commission (“SEC”) on June 11, 2021. No Warrants were exercised during the six months ended June 30, 2022. As of June 30, 2022, 19,044 Warrants remain unexercised and such Warrants will remain exercisable in full or from time to time in part at the election of the holders until their expiration on June 30, 2023.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 4 - Income Taxes The provision for income taxes for the three and six months ended June 30, 2022, and 2021, consists of the following: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands) Current portion of income tax expense: Federal $ (3,664) $ — $ (4,273) $ — State (2,047) — (2,351) (158) Deferred portion of income tax (expense) benefit (81,000) 162 (92,948) 214 Income tax (expense) benefit $ (86,711) $ 162 $ (99,572) $ 56 Effective tax rate 21.1 % 0.1 % 21.1 % — % Recorded income tax expense or benefit differs from the amount that would be provided by applying the statutory United States federal income tax rate to income or loss before income taxes. These differences primarily relate to the effect of state income taxes, excess tax benefits and deficiencies from stock-based compensation awards, tax deduction limitations on the compensation of covered individuals, changes in valuation allowances, the cumulative effect of other smaller permanent differences, and can also reflect the cumulative effect of an enacted tax rate change, in the period of enactment, on the Company’s net deferred tax asset and liability balances. The quarterly rate and the resulting income tax (expense) benefit can also be affected by the proportional effects of forecast net income or loss and the correlative effect on the valuation allowance for each period presented, as reflected in the table above. Forecast net income had a larger impact on the effective tax rate for the three and six months ended June 30, 2022, compared with the same periods in 2021, and valuation allowance adjustments had a larger impact on the effective tax rate for the three and six months ended June 30, 2021, compared with the same periods in 2022. For all years before 2018, the Company is generally no longer subject to United States federal or state income tax examinations by tax authorities.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Note 5 - Long-Term Debt The following table summarizes the total outstanding balance of the Company’s Senior Secured Notes net of unamortized discount and deferred financing costs, and Senior Unsecured Notes net of unamortized deferred financing costs, as of June 30, 2022, and December 31, 2021: As of June 30, 2022 As of December 31, 2021 (in thousands) Senior Secured Notes (1) $ — $ 407,712 Senior Unsecured Notes (1) 1,570,648 1,673,452 Total $ 1,570,648 $ 2,081,164 ____________________________________________ (1) Senior Secured Notes and Senior Unsecured Notes are defined below. Credit Agreement The Credit Agreement was scheduled to mature on September 28, 2023, but was amended and restated by the New Credit Agreement on August 2, 2022, as discussed below. Prior to the effective date of the New Credit Agreement, the Credit Agreement provided for a senior secured revolving credit facility with a maximum loan amount of $2.5 billion. As of June 30, 2022, the borrowing base and aggregate lender commitments under the Credit Agreement were $1.1 billion. Under the Credit Agreement, interest and commitment fees associated with the revolving credit facility were accrued based on a borrowing base utilization grid as presented in Note 5 - Long-Term Debt in the 2021 Form 10-K . At the Company’s election, borrowings under the Credit Agreement could be in the form of Eurodollar, Alternate Base Rate (“ABR”), or Swingline loans. Eurodollar loans accrued interest at the London Interbank Offered Rate (“LIBOR”), plus the applicable margin from the utilization grid, and ABR and Swingline loans accrued interest at a market-based floating rate, plus the applicable margin from the utilization grid. Commitment fees were accrued on the unused portion of the aggregate lender commitment amount at rates from the utilization grid and are included in the interest expense line item on the accompanying statements of operations. The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of July 20, 2022, June 30, 2022, and December 31, 2021: As of July 20, 2022 As of June 30, 2022 As of December 31, 2021 (in thousands) Revolving credit facility (1) $ — $ — $ — Letters of credit (2) 6,000 6,000 2,500 Available borrowing capacity 1,094,000 1,094,000 1,097,500 Total aggregate lender commitment amount $ 1,100,000 $ 1,100,000 $ 1,100,000 ____________________________________________ (1) Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $2.0 million and $2.7 million as of June 30, 2022, and December 31, 2021, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis. (2) Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis. New Credit Agreement On August 2, 2022, the Company entered into a Seventh Amended and Restated Credit Agreement by and among the Company, Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender (“Agent”), and the institutions named therein as lenders. The New Credit Agreement amends and restates the Credit Agreement, and provides for a senior secured revolving credit facility with a maximum loan amount of $3.0 billion, an initial borrowing base of $2.5 billion, and initial aggregate lender commitments totaling $1.25 billion. The revolving credit facility is secured by substantially all of the Company’s proved oil and gas properties. The borrowing base is subject to regular, semi-annual redetermination, and considers the value of both the Company’s (a) proved oil and gas properties reflected in the Company’s most recent reserve report; and (b) commodity derivative contracts, each as determined by the Company’s lender group. The New Credit Agreement is scheduled to mature on the earlier of (a) August 2, 2027 (“Stated Maturity Date”), or (b) 91 days prior to the maturity date of any of the Company’s outstanding Senior Notes, to the extent that, on or before such date, the respective Senior Notes have not been repaid, exchanged, repurchased, refinanced, or otherwise redeemed in full, and, if refinanced or exchanged, with a scheduled maturity date that is not earlier than at least 180 days after the Stated Maturity Date. In addition to other negotiated terms, conditions, agreements, and provisions, the New Credit Agreement establishes the Secured Overnight Financing Rate as the new benchmark for determining interest rates in replacement of LIBOR. LIBOR was discontinued as a global reference rate for new loans and contracts after December 31, 2021. The financial covenants under the New Credit Agreement require, among other customary covenants, that the Company’s (a) total funded debt, as defined by the New Credit Agreement, to 12-month trailing adjusted EBITDAX ratio cannot be greater than 3.50 to 1.00 on the last day of each fiscal quarter ended after June 30, 2022; and (b) adjusted current ratio, as defined in the New Credit Agreement, cannot be less than 1.00 to 1.00 as of the last day of any fiscal quarter. Senior Secured Notes On June 17, 2022, the Company redeemed all of the $446.7 million of aggregate principal amount outstanding of its 10.0% Senior Secured Notes due 2025 (“2025 Senior Secured Notes” or “Senior Secured Notes”). The 2025 Senior Secured Notes were redeemed with cash on hand, at a redemption price equal to 107.5 percent of the principal amount outstanding on the date of the redemption, plus accrued and unpaid interest. Upon redemption, the Company recorded a net loss on extinguishment of debt of $67.2 million which included $33.5 million of premium paid, $26.3 million of accelerated unamortized debt discount, and $7.4 million of accelerated unamortized deferred financing costs. The Company canceled all redeemed 2025 Senior Secured Notes upon settlement. Senior Secured Notes, net of unamortized discount and deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets, as of December 31, 2021, consist of the following: As of December 31, 2021 (in thousands) Principal amount of 10.0% Senior Secured Notes due 2025 $ 446,675 Unamortized debt discount 30,236 Unamortized deferred financing costs 8,727 10.0% Senior Secured Notes due 2025, net of unamortized debt discount and deferred financing costs $ 407,712 Senior Unsecured Notes Senior Unsecured Notes, net of unamortized deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of June 30, 2022, and December 31, 2021, consist of the following (collectively referred to as “Senior Unsecured Notes,” and together with the 2025 Senior Secured Notes, “Senior Notes”): As of June 30, 2022 As of December 31, 2021 Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net (in thousands) 5.0% Senior Notes due 2024 $ — $ — $ — $ 104,769 $ 403 $ 104,366 5.625% Senior Notes due 2025 349,118 1,844 347,274 349,118 2,160 346,958 6.75% Senior Notes due 2026 419,235 2,919 416,316 419,235 3,270 415,965 6.625% Senior Notes due 2027 416,791 3,560 413,231 416,791 3,949 412,842 6.5% Senior Notes due 2028 400,000 6,173 393,827 400,000 6,679 393,321 Total $ 1,585,144 $ 14,496 $ 1,570,648 $ 1,689,913 $ 16,461 $ 1,673,452 The Senior Unsecured Notes are unsecured senior obligations and rank equal in right of payment with all of the Company’s existing and any future unsecured senior debt and are senior in right of payment to any future subordinated debt. The Company may redeem some or all of its Senior Unsecured Notes prior to their maturity at redemption prices based on a premium, plus accrued and unpaid interest as described in the indentures governing the Senior Unsecured Notes. On February 14, 2022, the Company redeemed all of the $104.8 million of aggregate principal amount outstanding of its 5.0% Senior Notes due 2024 (“2024 Senior Notes”), with cash on hand, pursuant to the terms of the indenture governing the 2024 Senior Notes which provided for a redemption price equal to 100 percent of the principal amount of the 2024 Senior Notes on the date of redemption, plus accrued and unpaid interest. Upon redemption, the Company recorded a net loss on extinguishment of debt of $0.4 million related to the acceleration of unamortized deferred financing costs. The Company canceled all redeemed 2024 Senior Notes upon settlement. On June 23, 2021, the Company issued $400.0 million in aggregate principal amount of its 6.5% Senior Notes at par with a maturity date of July 15, 2028 (“2028 Senior Notes”). The Company received net proceeds of $392.8 million after deducting fees of $7.2 million, which are being amortized as deferred financing costs over the life of the 2028 Senior Notes. The net proceeds were used to repurchase $193.1 million and $172.3 million of outstanding principal amount of the Company’s 6.125% Senior Notes due 2022 (“2022 Senior Notes”) and 2024 Senior Notes, respectively, through a cash tender offer (“Tender Offer”), and to redeem the remaining $19.3 million of 2022 Senior Notes not repurchased as part of the Tender Offer (“2022 Senior Notes Redemption”). The Company paid total consideration, excluding accrued interest, of $385.3 million, and recorded a net loss on extinguishment of debt of $2.1 million for the three months ended June 30, 2021, which included $1.5 million of accelerated unamortized deferred financing costs and $0.6 million of net premiums. The Company canceled all repurchased and redeemed 2022 Senior Notes and 2024 Senior Notes upon settlement. Please refer to Note 5 - Long-Term Debt in the 2021 Form 10-K for additional detail on the Company’s Senior Notes. Covenants The Company was subject under the Credit Agreement, and is subject under the New Credit Agreement and under the indentures governing the Senior Notes, to certain financial and non-financial covenants, as discussed above, that, among other terms, limit the Company’s ability to incur additional indebtedness, make restricted payments including dividends, sell assets, create liens that secure debt, enter into transactions with affiliates, merge or consolidate with other entities, and with respect to the Company’s restricted subsidiaries, permit the consensual restriction on the ability of such restricted subsidiaries to pay dividends or indebtedness owing to the Company or to any other restricted subsidiaries. The Company was in compliance with all financial and non-financial covenants as of June 30, 2022, and through the filing of this report. Please refer to Note 5 - Long-Term Debt in the 2021 Form 10-K for additional detail on the Company’s covenants under the Credit Agreement and the indentures governing the Senior Notes. Capitalized Interest Capitalized interest costs for the three months ended June 30, 2022, and 2021, totaled $4.2 million and $4.7 million, respectively, and totaled $7.2 million and $9.0 million for the six months ended June 30, 2022, and 2021, respectively. The amount of interest the Company capitalizes generally fluctuates based on the amount borrowed, the Company’s capital program, and the timing and amount of costs associated with capital projects that are considered in progress. Capitalized interest costs are included in total costs incurred.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 - Commitments and Contingencies Commitments Other than those items discussed below, there have been no changes in commitments through the filing of this report that differ materially from those disclosed in the 2021 Form 10-K . Please refer to Note 6 - Commitments and Contingencies in the 2021 Form 10-K for additional discussion of the Company’s commitments. Drilling Rig Service Contracts . During the six months ended June 30, 2022, and through the filing of this report, the Company amended certain of its drilling rig contracts resulting in the increase of day rates and potential early termination fees, and the extension of contract terms. As of the filing of this report, the Company’s drilling rig commitments totaled $24.9 million under contract terms extending through the third quarter of 2023. If all of these contracts were terminated as of the filing of this report, the Company would avoid a portion of the contractual service commitments; however, the Company would be required to pay $17.4 million in early termination fees. No early termination penalties or standby fees were incurred by the Company during the six months ended June 30, 2022, and the Company does not expect to incur material penalties with regard to its drilling rig contracts during the remainder of 2022. Drilling and Completion Commitments . During the six months ended June 30, 2022, the Company entered into an agreement that includes minimum drilling and completion footage requirements on certain existing leases. If these minimum requirements are not satisfied by March 31, 2024, the Company will be required to pay liquidated damages based on the difference between the actual footage drilled and completed and the minimum requirements. As of June 30, 2022, the liquidated damages could range from zero to a maximum of $92.3 million, with the maximum exposure assuming no additional development activity occurred prior to March 31, 2024. As of the filing of this report, the Company expects to meet its obligations under this agreement. Contingencies The Company is subject to litigation and claims arising in the ordinary course of business. The Company accrues for such items when a liability is both probable and the amount can be reasonably estimated. In the opinion of management, the anticipated results of any pending litigation and claims are not expected to have a material effect on the results of operations, the financial position, or the cash flows of the Company.

Compensation Plans

Compensation Plans	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Compensation Plans	Note 7 - Compensation Plans As of June 30, 2022, 4.9 million shares of common stock were available for grant under the Company’s Equity Incentive Compensation Plan (“Equity Plan”). The Company may also grant other types of long-term incentive-based awards, such as cash awards and performance-based cash awards, to eligible employees. Performance Share Units The Company has granted performance share units (“PSU” or “PSUs”) to eligible employees as part of its Equity Plan. The number of shares of the Company’s common stock issued to settle PSUs ranges from zero to two times the number of PSUs awarded and is determined based on certain criteria over a three For PSUs granted in 2019, which the Company determined to be equity awards, the settlement criteria include a combination of the Company’s Total Shareholder Return (“TSR”) relative to the TSR of certain peer companies and the Company’s cash return on total capital invested (“CRTCI”) relative to the CRTCI of certain peer companies over the associated three three The Company records compensation expense associated with the issuance of PSUs based on the fair value of the awards as of the date of grant. Total compensation expense recorded for PSUs was $0.7 million and $1.3 million for the three months ended June 30, 2022, and 2021, respectively, and $1.4 million and $4.5 million for the six months ended June 30, 2022, and 2021, respectively. As of June 30, 2022, there was no material remaining unrecognized compensation expense related to non-vested PSUs. There were no material changes to the outstanding and non-vested PSUs during the six months ended June 30, 2022. PSUs granted in 2019 fully vested on July 1, 2022, and will be settled upon evaluation of the final settlement criteria. Subsequent to June 30, 2022, the Company granted a total of 276,010 PSUs with a grant date fair value of $7.4 million, and these PSUs were determined by the Company to be equity awards. The settlement of these awards will be determined based on a combination of the following criteria measured over the three Employee Restricted Stock Units The Company has granted restricted stock units (“RSU” or “RSUs”) to eligible employees as part of its Equity Plan. Each RSU granted represents a right to receive one share of the Company’s common stock upon settlement of the award at the end of the specified vesting period. RSUs generally vest in one-third increments on each anniversary date of the grant over the applicable vesting period or upon other triggering events as set forth in the Equity Plan. The Company records compensation expense associated with the issuance of RSUs based on the fair value of the awards as of the date of grant. The fair value of an RSU is equal to the closing price of the Company’s common stock on the date of the grant. Compensation expense for RSUs is recognized within general and administrative expense and exploration expense over the vesting periods of the respective awards. Total compensation expense recorded for RSUs was $3.2 million and $2.1 million for the three months ended June 30, 2022, and 2021, respectively, and $6.5 million and $4.3 million for the six months ended June 30, 2022, and 2021, respectively. As of June 30, 2022, there was $13.7 million of total unrecognized compensation expense related to non-vested RSUs, which is being amortized through mid-2024. There were no material changes to the outstanding and non-vested RSUs during the six months ended June 30, 2022. Subsequent to June 30, 2022, the Company settled RSUs upon the vesting of awards granted in previous years. The Company and all eligible recipients mutually agreed to net share settle a portion of the awards to cover income and payroll tax withholdings, as provided for in the Equity Plan and applicable award agreements. After withholding 283,800 shares to satisfy income and payroll tax withholding obligations, 634,575 shares of the Company’s common stock were issued in accordance with the terms of the applicable award agreements. Subsequent to June 30, 2022, the Company granted to employees a total of 526,776 RSUs with a grant date fair value of $18.0 million. These RSUs generally vest in one-third increments on each anniversary date of the grant over a three Director Shares During the second quarters of 2022, and 2021, the Company issued a total of 29,471 and 57,795 shares, respectively, of its common stock as compensation to its non-employee directors under the Equity Plan. Shares issued during the second quarter of 2022 will fully vest on December 31, 2022. Shares issued during the second quarter of 2021 fully vested on December 31, 2021. Employee Stock Purchase Plan Under the Company’s Employee Stock Purchase Plan (“ESPP”), eligible employees may purchase shares of the Company’s common stock through payroll deductions of up to 15 percent of eligible compensation, subject to a maximum of 2,500 shares per offering period and a maximum of $25,000 in value related to purchases for each calendar year. The purchase price of the common stock is 85 percent of the lower of the trading price of the common stock on either the first or last day of the six-month offering period. The ESPP is intended to qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code. There were a total of 65,634 and 252,665 shares issued under the ESPP during the second quarters of 2022, and 2021, respectively. Total proceeds to the Company for the issuance of these shares was $1.6 million and $1.3 million for the six months ended June 30, 2022, and 2021, respectively. The fair value of ESPP grants is measured at the date of grant using the Black-Scholes option-pricing model. Please refer to Note 7 - Compensation Plans in the 2021 Form 10-K for additional detail on the Company’s Equity Plan.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Note 8 - Fair Value Measurements The Company follows fair value measurement accounting guidance for all assets and liabilities measured at fair value. This guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Market or observable inputs are the preferred sources of values, followed by assumptions based on hypothetical transactions in the absence of market inputs. The fair value hierarchy for grouping these assets and liabilities is based on the significance level of the following inputs: • Level 1 – quoted prices in active markets for identical assets or liabilities • Level 2 – quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations whose inputs are observable or whose significant value drivers are observable • Level 3 – significant inputs to the valuation model are unobservable The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of June 30, 2022: Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 26,544 $ — Liabilities: Derivatives (1) $ — $ 461,388 $ — __________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis. The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of December 31, 2021: Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 24,334 $ — Liabilities: Derivatives (1) $ — $ 345,202 $ — ____________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis. 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 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. Derivatives The Company uses Level 2 inputs to measure the fair value of oil, gas, and NGL commodity derivatives. Fair values are based upon interpolated data. The Company derives internal valuation estimates taking into consideration forward commodity price curves, counterparties’ credit ratings, the Company’s credit rating, and the time value of money. These valuations are then compared to the respective counterparties’ mark-to-market statements. The considered factors result in an estimated exit price that management believes provides a reasonable and consistent methodology for valuing derivative instruments. The commodity derivative instruments utilized by the Company are not considered by management to be complex, structured, or illiquid. The oil, gas, and NGL commodity derivative markets are highly active. Please refer to Note 10 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2021 Form 10-K for more information regarding the Company’s derivative instruments. Long-Term Debt The following table reflects the fair value of the Company’s Senior Notes obligations measured using Level 1 inputs based on quoted secondary market trading prices. These notes were not presented at fair value on the accompanying balance sheets as of June 30, 2022, or December 31, 2021, as they were recorded at carrying value, net of any unamortized discounts and deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information. As of June 30, 2022 As of December 31, 2021 Principal Amount Fair Value Principal Amount Fair Value (in thousands) 10.0% Senior Secured Notes due 2025 $ — $ — $ 446,675 $ 491,628 5.0% Senior Notes due 2024 $ — $ — $ 104,769 $ 104,583 5.625% Senior Notes due 2025 $ 349,118 $ 329,389 $ 349,118 $ 353,091 6.75% Senior Notes due 2026 $ 419,235 $ 395,523 $ 419,235 $ 431,787 6.625% Senior Notes due 2027 $ 416,791 $ 389,750 $ 416,791 $ 432,783 6.5% Senior Notes due 2028 $ 400,000 $ 368,220 $ 400,000 $ 417,284

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9 - Earnings Per Share Basic net income or loss per common share is calculated by dividing net income or loss available to common stockholders by the basic weighted-average number of common shares outstanding for the respective period. Diluted net income or loss per common share is calculated by dividing net income or loss available to common stockholders by the diluted weighted-average number of common shares outstanding, which includes the effect of potentially dilutive securities. Potentially dilutive securities for this calculation consist primarily of non-vested RSUs, contingent PSUs, and Warrants, all of which were measured using the treasury stock method. The Warrants became exercisable at the election of the holders on January 15, 2021, and as a result, they were included as potentially dilutive securities on an adjusted weighted-average basis for the portion of the three and six months ended June 30, 2021, for which they were outstanding. The remaining outstanding warrants were dilutive during the three and six months ended June 30, 2022, as presented below. Please refer to Note 3 - Equity and Note 7 - Compensation Plans in this report, and Note 9 - Earnings Per Share in the 2021 Form 10-K for additional detail on these potentially dilutive securities. When the Company recognizes a net loss from continuing operations, all potentially dilutive shares are anti-dilutive and are consequently excluded from the calculation of diluted net loss per common share. The following table details the weighted-average number of anti-dilutive securities for the periods presented: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands) Anti-dilutive — 5,178 — 6,744 The following table sets forth the calculations of basic and diluted net income (loss) per common share: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands, except per share data) Net income (loss) $ 323,485 $ (222,995) $ 372,249 $ (474,264) Basic weighted-average common shares outstanding 121,910 118,357 121,909 116,568 Dilutive effect of non-vested RSUs and contingent PSUs 2,414 — 2,339 — Dilutive effect of Warrants 19 — 19 — Diluted weighted-average common shares outstanding 124,343 118,357 124,267 116,568 Basic net income (loss) per common share $ 2.65 $ (1.88) $ 3.05 $ (4.07) Diluted net income (loss) per common share $ 2.60 $ (1.88) $ 3.00 $ (4.07)

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Derivative Financial Instruments	Note 10 - Derivative Financial Instruments Summary of Oil, Gas, and NGL Derivative Contracts in Place The Company regularly enters into commodity derivative contracts to mitigate a portion of its exposure to oil, gas, and NGL price volatility and location differentials, and the associated impact on cash flows. As of June 30, 2022, all contracts were entered into for other-than-trading purposes. The Company’s commodity derivative contracts consist of swap and collar arrangements for oil, gas, and NGL production. In a typical commodity swap agreement, if the agreed upon published third-party index price (“index price”) is lower than the swap fixed price, the Company receives the difference between the index price and the agreed upon swap fixed price. If the index price is higher than the swap fixed price, the Company pays the difference. For collar arrangements, the Company receives the difference between an agreed upon index price and the floor price if the index price is below the floor price. The Company pays the difference between the agreed upon ceiling price and the index price if the index price is above the ceiling price. No amounts are paid or received if the index price is between the floor and ceiling prices. The Company has entered into fixed price oil and gas basis swaps in order to mitigate exposure to adverse pricing differentials between certain industry benchmark prices and the actual physical pricing points where the Company’s production is sold. As of June 30, 2022, the Company has basis swap contracts with fixed price differentials between: • NYMEX WTI and WTI Midland for a portion of its Midland Basin oil production with sales contracts that settle at WTI Midland prices; • NYMEX WTI and Intercontinental Exchange Brent Crude (“ICE Brent”) for a portion of its Midland Basin oil production with sales contracts that settle at ICE Brent prices; • NYMEX WTI and Argus WTI Houston Magellan East Houston Terminal (“MEH”) for a portion of its South Texas oil production with sales contracts that settle at Argus WTI Houston MEH (“WTI Houston MEH”) prices; • NYMEX Henry Hub (“HH”) and Inside FERC Tennessee Texas, Zone 0 (“IF Tenn TX Z0”) for a portion of its South Texas gas production with sales contracts that settle at IF Tenn TX Z0 prices; • NYMEX HH and Inside FERC Houston Ship Channel (“IF HSC”) for a portion of its South Texas gas production with sales contracts that settle at IF HSC prices; and • NYMEX HH and Inside FERC West Texas (“IF WAHA”) for a portion of its Midland Basin gas production with sales contracts that settle at IF WAHA prices. The Company has also entered into crude oil swap contracts to fix the differential in pricing between the NYMEX calendar month average and the physical crude oil delivery month (“Roll Differential”) in which the Company pays the periodic variable Roll Differential and receives a weighted-average fixed price differential. The weighted-average fixed price differential represents the amount of net addition (reduction) to delivery month prices for the notional volumes covered by the swap contracts. As of June 30, 2022, the Company had commodity derivative contracts outstanding through the fourth quarter of 2025 as summarized in the table below: Contract Period Third Quarter 2022 Fourth Quarter 2022 2023 2024 2025 Oil Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps NYMEX WTI Volumes 1,938 1,923 1,190 — — Weighted-Average Contract Price $ 44.63 $ 44.58 $ 45.20 $ — $ — ICE Brent Volumes — — 3,650 910 — Weighted-Average Contract Price $ — $ — $ 86.50 $ 85.50 $ — Collars NYMEX WTI Volumes 1,114 1,128 1,040 919 — Weighted-Average Floor Price $ 64.77 $ 63.74 $ 63.50 $ 75.00 $ — Weighted-Average Ceiling Price $ 71.89 $ 75.48 $ 77.37 $ 81.47 $ — Basis Swaps WTI Midland-NYMEX WTI Volumes 2,442 2,462 2,350 — — Weighted-Average Contract Price $ 1.15 $ 1.15 $ 0.55 $ — $ — NYMEX WTI-ICE Brent Volumes 920 920 — — — Weighted-Average Contract Price $ (7.78) $ (7.78) $ — $ — $ — WTI Houston MEH-NYMEX WTI Volumes 335 374 646 — — Weighted-Average Contract Price $ 1.25 $ 1.25 $ 1.24 $ — $ — Roll Differential Swaps NYMEX WTI Volumes 3,288 3,248 4,968 — — Weighted-Average Contract Price $ 0.22 $ 0.21 $ 0.62 $ — $ — Gas Derivatives (volumes in BBtu and prices in $ per MMBtu): Swaps NYMEX HH volumes 2,478 2,806 — — — Weighted-Average Contract Price $ 5.35 $ 5.50 $ — $ — $ — IF HSC Volumes 6,934 6,982 — — — Weighted-Average Contract Price $ 2.37 $ 2.47 $ — $ — $ — IF WAHA Volumes 3,085 3,067 900 — — Weighted-Average Contract Price $ 2.19 $ 2.22 $ 3.98 $ — $ — Collars NYMEX HH Volumes 760 1,908 18,435 — — Weighted-Average Floor Price $ 3.25 $ 3.50 $ 3.50 $ — $ — Weighted-Average Ceiling Price $ 5.45 $ 4.44 $ 6.42 $ — $ — IF HSC Volumes — — 5,085 — — Weighted-Average Floor Price $ — $ — $ 4.10 $ — $ — Weighted-Average Ceiling Price $ — $ — $ 5.63 $ — $ — Basis Swaps IF Tenn TX Z0-NYMEX HH Volumes 760 — — — — Weighted-Average Contract Price $ (0.14) $ — $ — $ — $ — IF WAHA-NYMEX HH Volumes — — 7,247 20,958 20,501 Weighted-Average Contract Price $ — $ — $ (1.02) $ (0.86) $ (0.66) IF HSC-NYMEX HH Volumes — — 6,737 — — Weighted-Average Contract Price $ — $ — $ 0.19 $ — $ — Contract Period (continued) Third Quarter 2022 Fourth Quarter 2022 2023 2024 2025 NGL Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps OPIS Propane Mont Belvieu Non-TET Volumes 106 113 — — — Weighted-Average Contract Price $ 35.70 $ 35.91 $ — $ — $ — Collars OPIS Propane Mont Belvieu Non-TET Volumes 164 173 — — — Weighted-Average Floor Price $ 24.09 $ 24.11 $ — $ — $ — Weighted-Average Ceiling Price $ 27.84 $ 28.13 $ — $ — $ — Commodity Derivative Contracts Entered Into Subsequent to June 30, 2022 Subsequent to June 30, 2022, the Company entered into the following commodity derivative contracts: • IF HSC-NYMEX HH basis swap contract for 2023 for a total of 2,845 BBtu of gas production at a contract price of $(0.20) per MMBtu; and • NYMEX HH gas collar contracts for 2023 for a total of 2,845 BBtu of gas production at a weighted-average floor price of $4.25 per MMBtu and a weighted-average ceiling price of $5.53 per MMBtu. Derivative Assets and Liabilities Fair Value The Company’s commodity derivatives are measured at fair value and are included in the accompanying balance sheets as derivative assets and liabilities, with the exception of derivative instruments that meet the “normal purchase normal sale” exclusion. The Company does not designate its commodity derivative contracts as hedging instruments. The fair value of the commodity derivative contracts was a net liability of $434.8 million and $320.9 million as of June 30, 2022, and December 31, 2021, respectively. The following table details the fair value of commodity derivative contracts recorded in the accompanying balance sheets, by category: As of June 30, 2022 As of December 31, 2021 (in thousands) Derivative assets: Current assets $ 18,308 $ 24,095 Noncurrent assets 8,236 239 Total derivative assets $ 26,544 $ 24,334 Derivative liabilities: Current liabilities $ 425,041 $ 319,506 Noncurrent liabilities 36,347 25,696 Total derivative liabilities $ 461,388 $ 345,202 Offsetting of Derivative Assets and Liabilities As of June 30, 2022, and December 31, 2021, all derivative instruments held by the Company were subject to master netting arrangements with various financial institutions. In general, the terms of the Company’s agreements provide for offsetting of amounts payable or receivable between it and the counterparty, at the election of both parties, for transactions that settle on the same date and in the same currency. The Company’s agreements also provide that in the event of an early termination, the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty. The Company’s accounting policy is to not offset these positions in its accompanying balance sheets. The following table provides a reconciliation between the gross assets and liabilities reflected on the accompanying balance sheets and the potential effects of master netting arrangements on the fair value of the Company’s commodity derivative contracts: Derivative Assets as of Derivative Liabilities as of June 30, December 31, 2021 June 30, December 31, 2021 (in thousands) Gross amounts presented in the accompanying balance sheets $ 26,544 $ 24,334 $ (461,388) $ (345,202) Amounts not offset in the accompanying balance sheets (26,544) (22,862) 26,544 22,862 Net amounts $ — $ 1,472 $ (434,844) $ (322,340) The following table summarizes the commodity components of the derivative settlement loss, and the net derivative loss line items presented within the accompanying unaudited condensed consolidated statements of cash flows (“accompanying statements of cash flows”) and the accompanying statements of operations, respectively: For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Derivative settlement loss: Oil contracts $ 179,213 $ 134,298 $ 308,381 $ 190,627 Gas contracts 53,337 12,232 80,388 52,680 NGL contracts 8,048 12,292 20,012 23,400 Total derivative settlement loss $ 240,598 $ 158,822 $ 408,781 $ 266,707 Net derivative (gain) loss: Oil contracts $ 100,273 $ 277,215 $ 415,323 $ 543,030 Gas contracts 8,548 61,364 94,723 110,286 NGL contracts (4,585) 31,769 12,711 61,721 Total net derivative loss $ 104,236 $ 370,348 $ 522,757 $ 715,037 Credit Related Contingent Features As of June 30, 2022, all of the Company’s derivative counterparties were members of the Credit Agreement lender group. The Company does not enter into derivative contracts with counterparties that are not part of the lender group. Under the New Credit Agreement, the Company is required to provide mortgage liens on assets having a value equal to at least 85 percent of the total PV-9, as defined in the New Credit Agreement, of the Company’s proved oil and gas properties evaluated in the most recent reserve report. Collateral securing indebtedness under the New Credit Agreement also secures the Company’s derivative agreement obligations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Quarterly Report on Form 10-Q, and Regulation S-X. These financial statements do not include all information and notes required by GAAP for annual financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements included in the 2021 Form 10-K . In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of interim financial information, have been included. Operating results for the periods presented are not necessarily indicative of expected results for the full year. In connection with the preparation of the Company’s unaudited condensed consolidated financial statements, the Company evaluated events subsequent to the balance sheet date of June 30, 2022, and through the filing of this report. Additionally, certain prior period amounts have been reclassified to conform to current period presentation in the accompanying unaudited condensed consolidated financial statements.
Recently Issued Accounting Standards, Policy [Policy Text Block]	Recently Issued Accounting Standards As of June 30, 2022, and through the filing of this report, no Accounting Standards Updates have been issued and not yet adopted that are applicable to the Company and that would have a material effect on the Company’s unaudited condensed consolidated financial statements and related disclosures.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Derivatives The Company uses Level 2 inputs to measure the fair value of oil, gas, and NGL commodity derivatives. Fair values are based upon interpolated data. The Company derives internal valuation estimates taking into consideration forward commodity price curves, counterparties’ credit ratings, the Company’s credit rating, and the time value of money. These valuations are then compared to the respective counterparties’ mark-to-market statements. The considered factors result in an estimated exit price that management believes provides a reasonable and consistent methodology for valuing derivative instruments. The commodity derivative instruments utilized by the Company are not considered by management to be complex, structured, or illiquid. The oil, gas, and NGL commodity derivative markets are highly active. Please refer to Note 10 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2021 Form 10-K for more information regarding the Company’s derivative instruments.
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]	The Company’s accounting policy is to not offset

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Policies)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	Derivatives The Company uses Level 2 inputs to measure the fair value of oil, gas, and NGL commodity derivatives. Fair values are based upon interpolated data. The Company derives internal valuation estimates taking into consideration forward commodity price curves, counterparties’ credit ratings, the Company’s credit rating, and the time value of money. These valuations are then compared to the respective counterparties’ mark-to-market statements. The considered factors result in an estimated exit price that management believes provides a reasonable and consistent methodology for valuing derivative instruments. The commodity derivative instruments utilized by the Company are not considered by management to be complex, structured, or illiquid. The oil, gas, and NGL commodity derivative markets are highly active. Please refer to Note 10 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2021 Form 10-K for more information regarding the Company’s derivative instruments.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Policies)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]	The Company’s accounting policy is to not offset

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of oil, gas, and NGL production revenue [Table Text Block]	The tables below present oil, gas, and NGL production revenue by product type for each of the Company’s operating areas for the three and six months ended June 30, 2022, and 2021: Midland Basin South Texas Total Three Months Ended Three Months Ended Three Months Ended 2022 2021 2022 2021 2022 2021 (in thousands) Oil production revenue $ 534,927 $ 404,492 $ 132,092 $ 31,876 $ 667,019 $ 436,368 Gas production revenue 137,543 51,435 103,784 36,900 241,327 88,335 NGL production revenue 130 112 81,901 37,754 82,031 37,866 Total $ 672,600 $ 456,039 $ 317,777 $ 106,530 $ 990,377 $ 562,569 Relative percentage 68 % 81 % 32 % 19 % 100 % 100 % Midland Basin South Texas Total Six Months Ended Six Months Ended Six Months Ended 2022 2021 2022 2021 2022 2021 (in thousands) Oil production revenue $ 1,028,822 $ 690,597 $ 245,499 $ 51,548 $ 1,274,321 $ 742,145 Gas production revenue 239,816 109,241 171,560 68,752 411,376 177,993 NGL production revenue 282 212 163,119 65,384 163,401 65,596 Total $ 1,268,920 $ 800,050 $ 580,178 $ 185,684 $ 1,849,098 $ 985,734 Relative percentage 69 % 81 % 31 % 19 % 100 % 100 %

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes [Table Text Block]	The provision for income taxes for the three and six months ended June 30, 2022, and 2021, consists of the following: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands) Current portion of income tax expense: Federal $ (3,664) $ — $ (4,273) $ — State (2,047) — (2,351) (158) Deferred portion of income tax (expense) benefit (81,000) 162 (92,948) 214 Income tax (expense) benefit $ (86,711) $ 162 $ (99,572) $ 56 Effective tax rate 21.1 % 0.1 % 21.1 % — %

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The following table summarizes the total outstanding balance of the Company’s Senior Secured Notes net of unamortized discount and deferred financing costs, and Senior Unsecured Notes net of unamortized deferred financing costs, as of June 30, 2022, and December 31, 2021: As of June 30, 2022 As of December 31, 2021 (in thousands) Senior Secured Notes (1) $ — $ 407,712 Senior Unsecured Notes (1) 1,570,648 1,673,452 Total $ 1,570,648 $ 2,081,164 ____________________________________________ (1) Senior Secured Notes and Senior Unsecured Notes are defined below.
Schedule of Line of Credit Facilities [Table Text Block]	The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of July 20, 2022, June 30, 2022, and December 31, 2021: As of July 20, 2022 As of June 30, 2022 As of December 31, 2021 (in thousands) Revolving credit facility (1) $ — $ — $ — Letters of credit (2) 6,000 6,000 2,500 Available borrowing capacity 1,094,000 1,094,000 1,097,500 Total aggregate lender commitment amount $ 1,100,000 $ 1,100,000 $ 1,100,000 ____________________________________________ (1) Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $2.0 million and $2.7 million as of June 30, 2022, and December 31, 2021, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis. (2) Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.
Schedule Of Long-term Debt Instruments, Senior Secured Notes [Table Text Block]	Senior Secured Notes, net of unamortized discount and deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets, as of December 31, 2021, consist of the following: As of December 31, 2021 (in thousands) Principal amount of 10.0% Senior Secured Notes due 2025 $ 446,675 Unamortized debt discount 30,236 Unamortized deferred financing costs 8,727 10.0% Senior Secured Notes due 2025, net of unamortized debt discount and deferred financing costs $ 407,712
Schedule Of Long-term Debt Instruments, Senior Unsecured Notes [Table Text Block]	Senior Unsecured Notes, net of unamortized deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of June 30, 2022, and December 31, 2021, consist of the following (collectively referred to as “Senior Unsecured Notes,” and together with the 2025 Senior Secured Notes, “Senior Notes”): As of June 30, 2022 As of December 31, 2021 Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net (in thousands) 5.0% Senior Notes due 2024 $ — $ — $ — $ 104,769 $ 403 $ 104,366 5.625% Senior Notes due 2025 349,118 1,844 347,274 349,118 2,160 346,958 6.75% Senior Notes due 2026 419,235 2,919 416,316 419,235 3,270 415,965 6.625% Senior Notes due 2027 416,791 3,560 413,231 416,791 3,949 412,842 6.5% Senior Notes due 2028 400,000 6,173 393,827 400,000 6,679 393,321 Total $ 1,585,144 $ 14,496 $ 1,570,648 $ 1,689,913 $ 16,461 $ 1,673,452

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of June 30, 2022: Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 26,544 $ — Liabilities: Derivatives (1) $ — $ 461,388 $ — __________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis. The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of December 31, 2021: Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 24,334 $ — Liabilities: Derivatives (1) $ — $ 345,202 $ — ____________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis.
Long Term Debt Fair Value [Table Text Block]	Long-Term Debt The following table reflects the fair value of the Company’s Senior Notes obligations measured using Level 1 inputs based on quoted secondary market trading prices. These notes were not presented at fair value on the accompanying balance sheets as of June 30, 2022, or December 31, 2021, as they were recorded at carrying value, net of any unamortized discounts and deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information. As of June 30, 2022 As of December 31, 2021 Principal Amount Fair Value Principal Amount Fair Value (in thousands) 10.0% Senior Secured Notes due 2025 $ — $ — $ 446,675 $ 491,628 5.0% Senior Notes due 2024 $ — $ — $ 104,769 $ 104,583 5.625% Senior Notes due 2025 $ 349,118 $ 329,389 $ 349,118 $ 353,091 6.75% Senior Notes due 2026 $ 419,235 $ 395,523 $ 419,235 $ 431,787 6.625% Senior Notes due 2027 $ 416,791 $ 389,750 $ 416,791 $ 432,783 6.5% Senior Notes due 2028 $ 400,000 $ 368,220 $ 400,000 $ 417,284

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of weighted-average anti-dilutive securities	The following table details the weighted-average number of anti-dilutive securities for the periods presented: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands) Anti-dilutive — 5,178 — 6,744
Schedule of calculations of basic and diluted net loss per common share	The following table sets forth the calculations of basic and diluted net income (loss) per common share: For the Three Months Ended For the Six Months Ended 2022 2021 2022 2021 (in thousands, except per share data) Net income (loss) $ 323,485 $ (222,995) $ 372,249 $ (474,264) Basic weighted-average common shares outstanding 121,910 118,357 121,909 116,568 Dilutive effect of non-vested RSUs and contingent PSUs 2,414 — 2,339 — Dilutive effect of Warrants 19 — 19 — Diluted weighted-average common shares outstanding 124,343 118,357 124,267 116,568 Basic net income (loss) per common share $ 2.65 $ (1.88) $ 3.05 $ (4.07) Diluted net income (loss) per common share $ 2.60 $ (1.88) $ 3.00 $ (4.07)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Schedule of notional amounts of outstanding derivative positions [Table Text Block]	As of June 30, 2022, the Company had commodity derivative contracts outstanding through the fourth quarter of 2025 as summarized in the table below: Contract Period Third Quarter 2022 Fourth Quarter 2022 2023 2024 2025 Oil Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps NYMEX WTI Volumes 1,938 1,923 1,190 — — Weighted-Average Contract Price $ 44.63 $ 44.58 $ 45.20 $ — $ — ICE Brent Volumes — — 3,650 910 — Weighted-Average Contract Price $ — $ — $ 86.50 $ 85.50 $ — Collars NYMEX WTI Volumes 1,114 1,128 1,040 919 — Weighted-Average Floor Price $ 64.77 $ 63.74 $ 63.50 $ 75.00 $ — Weighted-Average Ceiling Price $ 71.89 $ 75.48 $ 77.37 $ 81.47 $ — Basis Swaps WTI Midland-NYMEX WTI Volumes 2,442 2,462 2,350 — — Weighted-Average Contract Price $ 1.15 $ 1.15 $ 0.55 $ — $ — NYMEX WTI-ICE Brent Volumes 920 920 — — — Weighted-Average Contract Price $ (7.78) $ (7.78) $ — $ — $ — WTI Houston MEH-NYMEX WTI Volumes 335 374 646 — — Weighted-Average Contract Price $ 1.25 $ 1.25 $ 1.24 $ — $ — Roll Differential Swaps NYMEX WTI Volumes 3,288 3,248 4,968 — — Weighted-Average Contract Price $ 0.22 $ 0.21 $ 0.62 $ — $ — Gas Derivatives (volumes in BBtu and prices in $ per MMBtu): Swaps NYMEX HH volumes 2,478 2,806 — — — Weighted-Average Contract Price $ 5.35 $ 5.50 $ — $ — $ — IF HSC Volumes 6,934 6,982 — — — Weighted-Average Contract Price $ 2.37 $ 2.47 $ — $ — $ — IF WAHA Volumes 3,085 3,067 900 — — Weighted-Average Contract Price $ 2.19 $ 2.22 $ 3.98 $ — $ — Collars NYMEX HH Volumes 760 1,908 18,435 — — Weighted-Average Floor Price $ 3.25 $ 3.50 $ 3.50 $ — $ — Weighted-Average Ceiling Price $ 5.45 $ 4.44 $ 6.42 $ — $ — IF HSC Volumes — — 5,085 — — Weighted-Average Floor Price $ — $ — $ 4.10 $ — $ — Weighted-Average Ceiling Price $ — $ — $ 5.63 $ — $ — Basis Swaps IF Tenn TX Z0-NYMEX HH Volumes 760 — — — — Weighted-Average Contract Price $ (0.14) $ — $ — $ — $ — IF WAHA-NYMEX HH Volumes — — 7,247 20,958 20,501 Weighted-Average Contract Price $ — $ — $ (1.02) $ (0.86) $ (0.66) IF HSC-NYMEX HH Volumes — — 6,737 — — Weighted-Average Contract Price $ — $ — $ 0.19 $ — $ — Contract Period (continued) Third Quarter 2022 Fourth Quarter 2022 2023 2024 2025 NGL Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps OPIS Propane Mont Belvieu Non-TET Volumes 106 113 — — — Weighted-Average Contract Price $ 35.70 $ 35.91 $ — $ — $ — Collars OPIS Propane Mont Belvieu Non-TET Volumes 164 173 — — — Weighted-Average Floor Price $ 24.09 $ 24.11 $ — $ — $ — Weighted-Average Ceiling Price $ 27.84 $ 28.13 $ — $ — $ —
Schedule of fair value of derivatives in accompanying balance sheets [Table Text Block]	The following table details the fair value of commodity derivative contracts recorded in the accompanying balance sheets, by category: As of June 30, 2022 As of December 31, 2021 (in thousands) Derivative assets: Current assets $ 18,308 $ 24,095 Noncurrent assets 8,236 239 Total derivative assets $ 26,544 $ 24,334 Derivative liabilities: Current liabilities $ 425,041 $ 319,506 Noncurrent liabilities 36,347 25,696 Total derivative liabilities $ 461,388 $ 345,202
Schedule of the potential effects of master netting arrangements [Table Text Block]	The following table provides a reconciliation between the gross assets and liabilities reflected on the accompanying balance sheets and the potential effects of master netting arrangements on the fair value of the Company’s commodity derivative contracts: Derivative Assets as of Derivative Liabilities as of June 30, December 31, 2021 June 30, December 31, 2021 (in thousands) Gross amounts presented in the accompanying balance sheets $ 26,544 $ 24,334 $ (461,388) $ (345,202) Amounts not offset in the accompanying balance sheets (26,544) (22,862) 26,544 22,862 Net amounts $ — $ 1,472 $ (434,844) $ (322,340)
Schedule of the components of the derivative settlement (gain) loss and the net derivative (gain) loss [Table Text Block]	The following table summarizes the commodity components of the derivative settlement loss, and the net derivative loss line items presented within the accompanying unaudited condensed consolidated statements of cash flows (“accompanying statements of cash flows”) and the accompanying statements of operations, respectively: For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Derivative settlement loss: Oil contracts $ 179,213 $ 134,298 $ 308,381 $ 190,627 Gas contracts 53,337 12,232 80,388 52,680 NGL contracts 8,048 12,292 20,012 23,400 Total derivative settlement loss $ 240,598 $ 158,822 $ 408,781 $ 266,707 Net derivative (gain) loss: Oil contracts $ 100,273 $ 277,215 $ 415,323 $ 543,030 Gas contracts 8,548 61,364 94,723 110,286 NGL contracts (4,585) 31,769 12,711 61,721 Total net derivative loss $ 104,236 $ 370,348 $ 522,757 $ 715,037

Disaggregation of oil, gas, and

Disaggregation of oil, gas, and NGL production revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 990,377	$ 562,569	$ 1,849,098	$ 985,734
Revenue, Remaining Performance Obligation, Amount	0		0
Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	672,600	456,039	1,268,920	800,050
South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 317,777	$ 106,530	$ 580,178	$ 185,684
Revenue Benchmark | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Relative percentage	100%	100%	100%	100%
Revenue Benchmark | Geographic Concentration Risk | Midland Basin
Segment Reporting Information [Line Items]
Relative percentage	68%	81%	69%	81%
Revenue Benchmark | Geographic Concentration Risk | South Texas
Segment Reporting Information [Line Items]
Relative percentage	32%	19%	31%	19%
Oil production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 667,019	$ 436,368	$ 1,274,321	$ 742,145
Oil production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	534,927	404,492	1,028,822	690,597
Oil production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	132,092	31,876	245,499	51,548
Gas production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	241,327	88,335	411,376	177,993
Gas production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	137,543	51,435	239,816	109,241
Gas production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	103,784	36,900	171,560	68,752
NGL production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	82,031	37,866	163,401	65,596
NGL production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	130	112	282	212
NGL production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 81,901	$ 37,754	$ 163,119	$ 65,384

Accounts Receivable from Custom

Accounts Receivable from Customers (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accrued Income Receivable
Accounts Receivable [Line Items]
Accounts receivable from contracts with customers	$ 303.9	$ 215.6
Minimum
Accounts Receivable [Line Items]
Revenue receipt, days after sale	30
Maximum
Accounts Receivable [Line Items]
Revenue receipt, days after sale	90

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	Jan. 15, 2021	Jun. 17, 2020	Jun. 30, 2021	Jun. 30, 2022
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		5,900,000
Warrants Percent of Outstanding Stock		5%
Exercise Price of Warrants		$ 0.01
Class of Warrant or Right, Date from which Warrants or Rights Exercisable	Jan. 15, 2021
Adjustment to APIC for Warrants Issued		$ 21.5
WarrantsExercised			5,922,260	0
Class of Warrant, Outstanding				19,044
Warrants and Rights Outstanding, Maturity Date				Jun. 30, 2023
Common Stock
Class of Warrant or Right [Line Items]
Issuance of common stock through cashless exercise of warrants (Shares)			5,918,089
Weighted Average
Class of Warrant or Right [Line Items]
Shares Issued, Price Per Share			$ 15.45

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Components of the provision for income taxes
Federal	$ (3,664)	$ 0	$ (4,273)	$ 0
State	(2,047)	0	(2,351)	(158)
Deferred portion of income tax (expense) benefit	(81,000)	162	(92,948)	214
Income tax (expense) benefit	$ (86,711)	$ 162	$ (99,572)	$ 56
Effective tax rate	21.10%	0.10%	21.10%	0%

Credit Agreement (Details)

Credit Agreement (Details) - USD ($) $ in Thousands	Aug. 02, 2022	Jul. 20, 2022	Jun. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Revolving credit facility			$ 0	$ 0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum loan amount			2,500,000
Revolving credit facility, current borrowing base			1,100,000
Revolving credit facility, aggregate lender commitments			1,100,000	1,100,000
Revolving credit facility			0	0
Letters of credit			6,000	2,500
Available borrowing capacity			1,094,000	1,097,500
Revolving Credit Facility, unamortized deferred financing costs			$ 2,000	$ 2,700
Revolving Credit Facility | Subsequent Event
Line of Credit Facility [Line Items]
Revolving credit facility, maximum loan amount	$ 3,000,000
Revolving credit facility, current borrowing base	2,500,000
Revolving credit facility, aggregate lender commitments	$ 1,250,000	$ 1,100,000
Revolving credit facility		0
Letters of credit		6,000
Available borrowing capacity		$ 1,094,000
Debt Instrument, Maturity Date	Aug. 02, 2027
Debt Instrument, Covenant Description	(a) total funded debt, as defined by the New Credit Agreement, to 12-month trailing adjusted EBITDAX ratio cannot be greater than 3.50 to 1.00 on the last day of each fiscal quarter ended after June 30, 2022; and (b) adjusted current ratio, as defined in the New Credit Agreement, cannot be less than 1.00 to 1.00 as of the last day of any fiscal quarter

Senior Secured Notes (Details)

Senior Secured Notes (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 17, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Senior Secured Notes [Line Items]
Secured Long-term Debt, Noncurrent		$ 0		$ 0		$ 407,712
Loss on extinguishment of debt		(67,226)	$ (2,144)	(67,605)	$ (2,144)
10.0% Senior Secured Notes due 2025
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage						10%
Senior Notes, Principal amount		$ 0		$ 0		$ 446,675
Senior Secured Notes, Unamortized Debt Discount						30,236
Senior Notes, unamortized deferred financing costs						$ 8,727
Senior Notes, exchanged or repurchased face amount	$ 446,700
Loss on extinguishment of debt	$ 67,200
Senior Notes, Redemption Price, Percentage	107.50%
Debt Instrument, Repurchase Premium	$ 33,500
10.0% Senior Secured Notes due 2025 | Accelerated unamortized deferred financing costs
Senior Secured Notes [Line Items]
Write off of Deferred Debt Issuance Cost	7,400
10.0% Senior Secured Notes due 2025 | Accelerated Unamortized Debt Discount
Senior Secured Notes [Line Items]
Write off of Deferred Debt Issuance Cost	$ 26,300

Senior Unsecured Notes (Details

Senior Unsecured Notes (Details) - USD ($) $ in Thousands			3 Months Ended			6 Months Ended
	Feb. 14, 2022	Jun. 23, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Senior Secured Notes [Line Items]
Unsecured Long-term Debt, Noncurrent			$ 1,570,648			$ 1,570,648		$ 1,673,452
Loss on extinguishment of debt			$ (67,226)		$ (2,144)	$ (67,605)	$ (2,144)
5.0% Senior Unsecured Notes due 2024
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage			5%			5%		5%
Senior Notes, Principal amount			$ 0			$ 0		$ 104,769
Senior Notes, unamortized deferred financing costs			0			0		403
Unsecured Long-term Debt, Noncurrent			$ 0			$ 0		$ 104,366
Senior Notes, exchanged or repurchased face amount	$ 104,800	$ 172,300
Senior Notes, Redemption Price, Percentage	100%
Loss on extinguishment of debt				$ (400)
5.0% Senior Unsecured Notes due 2024 | Accelerated unamortized deferred financing costs
Senior Secured Notes [Line Items]
Write off of Deferred Debt Issuance Cost				$ 400
5.625% Senior Unsecured Notes due 2025
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage			5.625%			5.625%		5.625%
Senior Notes, Principal amount			$ 349,118			$ 349,118		$ 349,118
Senior Notes, unamortized deferred financing costs			1,844			1,844		2,160
Unsecured Long-term Debt, Noncurrent			$ 347,274			$ 347,274		$ 346,958
6.75% Senior Unsecured Notes due 2026
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage			6.75%			6.75%		6.75%
Senior Notes, Principal amount			$ 419,235			$ 419,235		$ 419,235
Senior Notes, unamortized deferred financing costs			2,919			2,919		3,270
Unsecured Long-term Debt, Noncurrent			$ 416,316			$ 416,316		$ 415,965
6.625% Senior Unsecured Notes due 2027
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage			6.625%			6.625%		6.625%
Senior Notes, Principal amount			$ 416,791			$ 416,791		$ 416,791
Senior Notes, unamortized deferred financing costs			3,560			3,560		3,949
Unsecured Long-term Debt, Noncurrent			$ 413,231			$ 413,231		$ 412,842
6.5% Senior Unsecured Notes Due 2028
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage			6.50%			6.50%		6.50%
Senior Notes, Principal amount		$ 400,000	$ 400,000			$ 400,000		$ 400,000
Senior Notes, unamortized deferred financing costs			6,173			6,173		6,679
Unsecured Long-term Debt, Noncurrent			393,827			393,827		393,321
Debt Instrument, Maturity Date		Jul. 15, 2028
Proceeds from Debt, Net of Issuance Costs		$ 392,800
Senior Secured Notes, Debt Issuance Costs, Gross		$ 7,200
Senior Unsecured Notes
Senior Secured Notes [Line Items]
Senior Notes, Principal amount			1,585,144			1,585,144		1,689,913
Senior Notes, unamortized deferred financing costs			$ 14,496			$ 14,496		$ 16,461
6.125% Senior Unsecured Notes due 2022
Senior Secured Notes [Line Items]
Senior Notes, interest rate, stated percentage		6.125%
Senior Notes, exchanged or repurchased face amount		$ 193,100			19,300		19,300
6.125% Senior Unsecured Notes Due 2022 and 5.0% Senior Unsecured Notes Due 2024 [Member]
Senior Secured Notes [Line Items]
Senior Unsecured Notes, repurchased settlement amount					385,300		$ 385,300
Loss on extinguishment of debt					(2,100)
Debt Instrument, Repurchase Premium					600
6.125% Senior Unsecured Notes Due 2022 and 5.0% Senior Unsecured Notes Due 2024 [Member] | Accelerated unamortized deferred financing costs
Senior Secured Notes [Line Items]
Write off of Deferred Debt Issuance Cost					$ 1,500

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 03, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Long-Term Debt [Line Items]
Debt Instrument, Covenant Compliance				The Company was in compliance with all financial and non-financial covenants as of June 30, 2022, and through the filing of this report.
Capitalized interest costs		$ 4,200	$ 4,700	$ 7,200	$ 9,000
Total long-term debt, net		$ 1,570,648		$ 1,570,648		$ 2,081,164
Subsequent Event
Long-Term Debt [Line Items]
Debt Instrument, Covenant Compliance	The Company was in compliance with all financial and non-financial covenants as of June 30, 2022, and through the filing of this report.

Commitments (Details)

Commitments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Aug. 03, 2022
Commitments and Contingencies [Line Items]
Early Termination Penalty Incurred for Rig Contract Cancellation	$ 0
Drilling Rig Leasing Contracts | Subsequent Event
Commitments and Contingencies [Line Items]
Contractual Obligation		$ 24.9
Early Termination Penalty for Rig Contract Cancellation		$ 17.4
Minimum
Commitments and Contingencies [Line Items]
Potential penalty for not meeting minimum drilling and completion requirements	0
Maximum
Commitments and Contingencies [Line Items]
Potential penalty for not meeting minimum drilling and completion requirements	$ 92.3

Compensation Plans_ Stock Based

Compensation Plans: Stock Based (Details) $ in Millions			1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 03, 2022	Jun. 30, 2022 USD ($) shares	Aug. 03, 2022 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award
Shares available for grant		4,900,000		4,900,000		4,900,000
Performance Shares (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Multiplier Assumed, 2019 PSU TSR Cap		1		1		1
Stock-based compensation expense | $				$ 0.7	$ 1.3	$ 1.4	$ 4.5
Unrecognized stock based compensation expense | $		$ 0		$ 0		$ 0
Performance Shares (PSUs) | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			276,010
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Total Fair Value | $			$ 7.4
Performance Shares (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Multiplier applied to PSU awards at settlement		0		0		0
Performance Shares (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Multiplier applied to PSU awards at settlement		2		2		2
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense | $				$ 3.2	$ 2.1	$ 6.5	$ 4.3
Unrecognized stock based compensation expense | $		$ 13.7		$ 13.7		$ 13.7
Number of shares represented by each RSU		1		1		1
Restricted Stock Units (RSUs) | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period	3 years
Shares Withheld for Tax Withholding Obligation			283,800
Shares Issued in Period			634,575
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			526,776
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Total Fair Value | $			$ 18

Director Shares (Details)

Director Shares (Details) - shares	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Director
Share-based Compensation Arrangement by Share-based Payment Award
Shares issued to directors	29,471	57,795

Employee Stock Purchase Plan (D

Employee Stock Purchase Plan (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Shares available for grant	4,900,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award
Maximum Employee Subscription Rate	15%
Maximum Number of Shares Per Employee	2,500
Maximum Employee Subscription Value	$ 25
Purchase Price of Common Stock, Percent	85%
Issuance of common stock under Employee Stock Purchase Plan (Shares)	65,634	252,665
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Excluding Option Exercised	$ 1,600	$ 1,300

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 23, 2021
Assets
Derivative Assets, Fair Value, Gross Asset	$ 26,544	$ 24,334
Liabilities
Derivative Liability, Fair Value, Gross Liability	(461,388)	$ (345,202)
10.0% Senior Secured Notes due 2025
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage		10%
Senior Notes, Principal amount	0	$ 446,675
Long-term Debt, Fair Value	$ 0	$ 491,628
5.0% Senior Unsecured Notes due 2024
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage	5%	5%
Senior Notes, Principal amount	$ 0	$ 104,769
Long-term Debt, Fair Value	$ 0	$ 104,583
5.625% Senior Unsecured Notes due 2025
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage	5.625%	5.625%
Senior Notes, Principal amount	$ 349,118	$ 349,118
Long-term Debt, Fair Value	$ 329,389	$ 353,091
6.75% Senior Unsecured Notes due 2026
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage	6.75%	6.75%
Senior Notes, Principal amount	$ 419,235	$ 419,235
Long-term Debt, Fair Value	$ 395,523	$ 431,787
6.625% Senior Unsecured Notes due 2027
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage	6.625%	6.625%
Senior Notes, Principal amount	$ 416,791	$ 416,791
Long-term Debt, Fair Value	$ 389,750	$ 432,783
6.5% Senior Unsecured Notes Due 2028
Debt Instrument, Fair Value Disclosure [Abstract]
Senior Notes, interest rate, stated percentage	6.50%	6.50%
Senior Notes, Principal amount	$ 400,000	$ 400,000	$ 400,000
Long-term Debt, Fair Value	368,220	417,284
Not Designated as Hedging Instrument | Fair Value, Recurring | Fair Value, Inputs, Level 1
Assets
Derivative Assets, Fair Value, Gross Asset	0	0
Liabilities
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument | Fair Value, Recurring | Fair Value, Inputs, Level 2
Assets
Derivative Assets, Fair Value, Gross Asset	26,544	24,334
Liabilities
Derivative Liability, Fair Value, Gross Liability	461,388	345,202
Not Designated as Hedging Instrument | Fair Value, Recurring | Fair Value, Inputs, Level 3
Assets
Derivative Assets, Fair Value, Gross Asset	0	0
Liabilities
Derivative Liability, Fair Value, Gross Liability	$ 0	$ 0

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended				6 Months Ended
	Jan. 15, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Class of Warrant or Right, Date from which Warrants or Rights Exercisable	Jan. 15, 2021
Anti-dilutive securities excluded from earnings per share		0		5,178		0	6,744
Earnings Per Share Reconciliation [Abstract]
Net income (loss)		$ 323,485	$ 48,764	$ (222,995)	$ (251,269)	$ 372,249	$ (474,264)
Basic weighted-average common shares outstanding		121,910		118,357		121,909	116,568
Dilutive effect of non-vested RSUs and contingent PSUs		2,414		0		2,339	0
Dilutive effect of Warrants		19		0		19	0
Diluted weighted-average common shares outstanding		124,343		118,357		124,267	116,568
Basic net income (loss) per common share		$ 2.65		$ (1.88)		$ 3.05	$ (4.07)
Diluted net income (loss) per common share		$ 2.60		$ (1.88)		$ 3	$ (4.07)

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) bbl in Thousands, BTU in Billions	Aug. 03, 2022 BTU $ / EnergyContent	Jun. 30, 2022 BTU $ / Barrels $ / EnergyContent bbl
NYMEX Oil Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,938
Derivative, Swap Type, Weighted-Average Contract Price		44.63
NYMEX Oil Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,923
Derivative, Swap Type, Weighted-Average Contract Price		44.58
NYMEX Oil Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,190
Derivative, Swap Type, Weighted-Average Contract Price		45.20
NYMEX Oil Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
NYMEX Oil Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
ICE Brent Oil Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
ICE Brent Oil Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
ICE Brent Oil Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		3,650
Derivative, Swap Type, Weighted-Average Contract Price		86.50
ICE Brent Oil Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		910
Derivative, Swap Type, Weighted-Average Contract Price		85.50
ICE Brent Oil Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
NYMEX Oil Collar Contract, Third Quarter Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,114
Derivative, Weighted-Average Floor Price		64.77
Derivative, Weighted-Average Ceiling Price		71.89
NYMEX Oil Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,128
Derivative, Weighted-Average Floor Price		63.74
Derivative, Weighted-Average Ceiling Price		75.48
NYMEX Oil Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		1,040
Derivative, Weighted-Average Floor Price		63.50
Derivative, Weighted-Average Ceiling Price		77.37
NYMEX Oil Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		919
Derivative, Weighted-Average Floor Price		75
Derivative, Weighted-Average Ceiling Price		81.47
NYMEX Oil Collar Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Weighted-Average Floor Price		0
Derivative, Weighted-Average Ceiling Price		0
NYMEX Oil Calendar Month Average Roll Differential Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		3,288
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price		0.22
NYMEX Oil Calendar Month Average Roll Differential Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		3,248
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price		0.21
NYMEX Oil Calendar Month Average Roll Differential Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		4,968
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price		0.62
NYMEX Oil Calendar Month Average Roll Differential Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price		0
NYMEX Oil Calendar Month Average Roll Differential Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price		0
WTI Midland NYMEX WTI | Oil Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		2,442
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.15
WTI Midland NYMEX WTI | Oil Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		2,462
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.15
WTI Midland NYMEX WTI | Oil Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		2,350
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0.55
WTI Midland NYMEX WTI | Oil Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
WTI Midland NYMEX WTI | Oil Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
NYMEX WTI ICE Brent | Oil Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		920
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		(7.78)
NYMEX WTI ICE Brent | Oil Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		920
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		(7.78)
NYMEX WTI ICE Brent | Oil Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
NYMEX WTI ICE Brent | Oil Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
NYMEX WTI ICE Brent | Oil Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		335
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.25
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		374
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.25
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		646
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.24
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		0
NYMEX HH | Gas Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		5.35
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		2,478
NYMEX HH | Gas Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		5.50
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		2,806
NYMEX HH | Gas Swaps Contract, Year 2
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
NYMEX HH | Gas Swaps Contract, Year 3
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
NYMEX HH | Gas Swaps Contract, Year 4
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
NYMEX HH | Gas Collar Contract, Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		3.25
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		5.45
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		760
NYMEX HH | Gas Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		3.50
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		4.44
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		1,908
NYMEX HH | Gas Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		3.50
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		6.42
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		18,435
NYMEX HH | Gas Collar Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent	4.25
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	5.53
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	2,845
NYMEX HH | Gas Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
NYMEX HH | Gas Collar Contract, Year 4
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		2.37
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		6,934
IF HSC | Gas Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		2.47
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		6,982
IF HSC | Gas Swaps Contract, Year 2
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Swaps Contract, Year 3
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Swaps Contract, Year 4
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Collar Contract, Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		4.10
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		5.63
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		5,085
IF HSC | Gas Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF HSC | Gas Collar Contract, Year 4
Derivative Financial Instruments
Derivative, Weighted-Average Floor Price | $ / EnergyContent		0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF WAHA | Gas Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		2.19
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		3,085
IF WAHA | Gas Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		2.22
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		3,067
IF WAHA | Gas Swaps Contract, Year 2
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		3.98
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		900
IF WAHA | Gas Swaps Contract, Year 3
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF WAHA | Gas Swaps Contract, Year 4
Derivative Financial Instruments
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
IF Tenn TX Z0 NYMEX HH | Gas Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		760
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		(0.14)
IF Tenn TX Z0 NYMEX HH | Gas Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF Tenn TX Z0 NYMEX HH | Gas Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF Tenn TX Z0 NYMEX HH | Gas Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF Tenn TX Z0 NYMEX HH | Gas Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF WAHA NYMEX HH | Gas Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF WAHA NYMEX HH | Gas Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF WAHA NYMEX HH | Gas Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		7,247
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		(1.02)
IF WAHA NYMEX HH | Gas Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		20,958
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		(0.86)
IF WAHA NYMEX HH | Gas Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		20,501
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		(0.66)
IF HSC NYMEX HH | Gas Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF HSC NYMEX HH | Gas Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		6,737
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0.19
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	2,845
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(0.20)
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		0
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		0
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		106
Derivative, Swap Type, Weighted-Average Contract Price		35.70
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		113
Derivative, Swap Type, Weighted-Average Contract Price		35.91
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Swap Type, Weighted-Average Contract Price		0
OPIS Propane Mont Belvieu Non-TET | NGL Collar Contract, Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		164
Derivative, Weighted-Average Floor Price		24.09
Derivative, Weighted-Average Ceiling Price		27.84
OPIS Propane Mont Belvieu Non-TET | NGL Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		173
Derivative, Weighted-Average Floor Price		24.11
Derivative, Weighted-Average Ceiling Price		28.13
OPIS Propane Mont Belvieu Non-TET | NGL Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Weighted-Average Floor Price		0
Derivative, Weighted-Average Ceiling Price		0
OPIS Propane Mont Belvieu Non-TET | NGL Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Weighted-Average Floor Price		0
Derivative, Weighted-Average Ceiling Price		0
OPIS Propane Mont Belvieu Non-TET | NGL Collar Contract, Year 4
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		0
Derivative, Weighted-Average Floor Price		0
Derivative, Weighted-Average Ceiling Price		0

Derivative Financial Instrume_4

Derivative Financial Instruments Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair value of derivative assets and liabilities
Derivative, fair value, net	$ (434,800)	$ (320,900)
Derivative assets, current	18,308	24,095
Derivative assets, noncurrent	8,236	239
Total derivative assets	26,544	24,334
Derivative liabilities, current	425,041	319,506
Derivatives liabilities, noncurrent	36,347	25,696
Total derivative liabilities	(461,388)	(345,202)
Derivative asset, amounts not offset in the accompanying balance sheets	(26,544)	(22,862)
Derivative liabilities, amounts not offset in the accompanying balance sheets	26,544	22,862
Derivative asset, fair value, net amounts	0	1,472
Derivative liabilities, fair value, net amounts	(434,844)	(322,340)
Not Designated as Hedging Instrument
Fair value of derivative assets and liabilities
Derivative assets, current	18,308	24,095
Derivative assets, noncurrent	8,236	239
Derivative liabilities, current	425,041	319,506
Derivatives liabilities, noncurrent	36,347	25,696
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Not Designated as Hedging Instrument
Fair value of derivative assets and liabilities
Total derivative assets	26,544	24,334
Total derivative liabilities	$ 461,388	$ 345,202

Derivative Financial Instrume_5

Derivative Financial Instruments Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement loss	$ 240,598	$ 158,822	$ 408,781	$ 266,707
Net derivative loss	104,236	370,348	522,757	715,037
Oil Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement loss	179,213	134,298	308,381	190,627
Net derivative loss	100,273	277,215	415,323	543,030
Gas Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement loss	53,337	12,232	80,388	52,680
Net derivative loss	8,548	61,364	94,723	110,286
NGL Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement loss	8,048	12,292	20,012	23,400
Net derivative loss	$ (4,585)	$ 31,769	$ 12,711	$ 61,721

Credit Facility and Derivative

Credit Facility and Derivative Counterparties (Details)	Jun. 30, 2022
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Percentage of proved property secured for credit facility borrowing	85%