SM Energy (SM) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover page

Cover page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		118,665,529
Entity Central Index Key	0000893538
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
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, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 378,238	$ 444,998
Accounts receivable	217,794	233,297
Derivative assets	74,138	48,677
Prepaid expenses and other	8,815	10,231
Total current assets	678,985	737,203
Property and equipment (successful efforts method):
Proved oil and gas properties	10,824,717	10,258,368
Accumulated depletion, depreciation, and amortization	(6,494,068)	(6,188,147)
Unproved oil and gas properties, net of valuation allowance of $37,904 and $38,008, respectively	524,693	487,192
Wells in progress	332,609	287,267
Other property and equipment, net of accumulated depreciation of $58,203 and $56,512, respectively	43,276	38,099
Total property and equipment, net	5,231,227	4,882,779
Noncurrent assets:
Derivative assets	12,077	24,465
Other noncurrent assets	70,337	71,592
Total noncurrent assets	82,414	96,057
Total assets	5,992,626	5,716,039
Current liabilities:
Accounts payable and accrued expenses	530,459	532,289
Derivative liabilities	22,210	56,181
Other current liabilities	11,319	10,114
Total current liabilities	563,988	598,584
Noncurrent liabilities:
Revolving credit facility	0	0
Senior Notes, net	1,573,772	1,572,210
Asset retirement obligations	113,999	108,233
Deferred income taxes	375,063	280,811
Derivative liabilities	5,894	1,142
Other noncurrent liabilities	61,443	69,601
Total noncurrent liabilities	2,130,171	2,031,997
Commitments and contingencies (note 6)
Stockholders’ equity:
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 118,112,105 and 121,931,676 shares, respectively	1,181	1,219
Additional paid-in capital	1,680,080	1,779,703
Retained earnings	1,621,202	1,308,558
Accumulated other comprehensive loss	(3,996)	(4,022)
Total stockholders’ equity	3,298,467	3,085,458
Total liabilities and stockholders’ equity	$ 5,992,626	$ 5,716,039

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (PARENTHETICAL) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Unproved oil and gas properties, valuation allowance	$ 37,904	$ 38,008
Other property and equipment, accumulated depreciation	$ 58,203	$ 56,512
Common Stock, Par Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	118,112,105	121,931,676
Common Stock, Shares Outstanding	118,112,105	121,931,676

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating revenues and other income:
Oil, gas, and NGL production revenue	$ 546,555	$ 990,377	$ 1,117,333	$ 1,849,098
Other operating income	4,199	1,725	6,926	2,780
Total operating revenues and other income	550,754	992,102	1,124,259	1,851,878
Operating expenses:
Oil, gas, and NGL production expense	145,588	165,593	287,936	310,284
Depletion, depreciation, amortization, and asset retirement obligation liability accretion	157,832	154,823	312,021	314,304
Exploration	14,960	20,868	33,388	29,914
General and administrative	27,500	28,291	55,169	53,287
Net derivative (gain) loss	(11,674)	104,236	(63,003)	522,757
Other operating expense, net	7,197	5,485	17,350	6,790
Total operating expenses	341,403	479,296	642,861	1,237,336
Income from operations	209,351	512,806	481,398	614,542
Interest expense	(22,148)	(35,496)	(44,607)	(74,883)
Loss on extinguishment of debt	0	(67,226)	0	(67,605)
Other non-operating income (expense), net	4,763	112	9,233	(233)
Income before income taxes	191,966	410,196	446,024	471,821
Income tax expense	(42,092)	(86,711)	(97,598)	(99,572)
Net income	$ 149,874	$ 323,485	$ 348,426	$ 372,249
Basic weighted-average common shares outstanding	119,408	121,910	120,533	121,909
Diluted weighted-average common shares outstanding	120,074	124,343	121,175	124,267
Basic net income per common share	$ 1.26	$ 2.65	$ 2.89	$ 3.05
Diluted net income per common share	1.25	2.60	2.88	3
Dividends per common share	$ 0.15	$ 0	$ 0.30	$ 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 149,874	$ 323,485	$ 348,426	$ 372,249
Other comprehensive income, net of tax:
Pension liability adjustment	13	182	26	364
Total other comprehensive income, net of tax	13	182	26	364
Total comprehensive income	$ 149,887	$ 323,667	$ 348,452	$ 372,613

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	Accumulated Other Comprehensive Loss
Cash dividends declared per share	$ 0.01
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2021		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	48,764			48,764
Other comprehensive income	182				182
Cash dividends declared	(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
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	372,249
Other comprehensive income	364
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2022		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	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
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	$ 0.15
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2022	121,931,676	121,931,676
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2022	$ 3,085,458	$ 1,219	1,779,703	1,308,558	(4,022)
Increase (Decrease) in Stockholders' Equity
Net income	198,552			198,552
Other comprehensive income	13				13
Cash dividends declared	(18,078)			(18,078)
Stock-based compensation expense (shares)		0
Stock-based compensation expense	4,318	$ 0	4,318
Stock Repurchased and Retired During Period, Shares		(1,413,758)
Stock Repurchased and Retired During Period, Value	(40,468)	$ (14)	(40,454)
Balances, Common Stock, Shares Outstanding, Ending at Mar. 31, 2023		120,517,918
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2023	$ 3,229,795	$ 1,205	1,743,567	1,489,032	(4,009)
Cash dividends declared per share	$ 0.30
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2022	121,931,676	121,931,676
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2022	$ 3,085,458	$ 1,219	1,779,703	1,308,558	(4,022)
Increase (Decrease) in Stockholders' Equity
Net income	348,426
Other comprehensive income	$ 26
Stock Repurchased and Retired During Period, Shares	(3,964,464)
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2023	118,112,105	118,112,105
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2023	$ 3,298,467	$ 1,181	1,680,080	1,621,202	(3,996)
Cash dividends declared per share	$ 0.15
Balances, Common Stock, Shares Outstanding, Beginning at Mar. 31, 2023		120,517,918
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2023	$ 3,229,795	$ 1,205	1,743,567	1,489,032	(4,009)
Increase (Decrease) in Stockholders' Equity
Net income	149,874			149,874
Other comprehensive income	13				13
Cash dividends declared	(17,704)			(17,704)
Issuance of common stock under Employee Stock Purchase Plan (Shares)		68,210
Issuance of common stock under Employee Stock Purchase Plan (Amount)	1,816	$ 1	1,815
Issuance of common stock upon vesting of RSUs, net of shares used for tax withholdings (Shares)		774
Issuance of common stock upon vesting of RSUs, net of shares used for tax withholdings (Amount)	(7)	$ 0	(7)
Stock-based compensation expense (shares)		56,872
Stock-based compensation expense	$ 4,163	$ 1	4,162
Stock Repurchased and Retired During Period, Shares	(2,550,706)	(2,550,706)
Stock Repurchased and Retired During Period, Value	$ (69,483)	$ (26)	(69,457)
Common Stock, Other (Amount)	$ 0	$ 0	0
Common Stock, Other (Shares)		19,037
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2023	118,112,105	118,112,105
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2023	$ 3,298,467	$ 1,181	$ 1,680,080	$ 1,621,202	$ (3,996)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income		$ 149,874	$ 323,485	$ 348,426	$ 372,249
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion, depreciation, amortization, and asset retirement obligation liability accretion		157,832	154,823	312,021	314,304
Stock-based compensation expense				8,481	8,753
Net derivative (gain) loss		(11,674)	104,236	(63,003)	522,757
Derivative settlement gain (loss)				20,712	(408,781)
Amortization of debt discount and deferred financing costs				2,743	7,607
Loss on extinguishment of debt		0	67,226	0	67,605
Deferred income taxes		44,278	81,000	94,246	92,948
Other, net				(4,305)	16,967
Net change in working capital				(4,436)	(109,748)
Net cash provided by operating activities				714,885	884,661
Cash flows from investing activities:
Capital expenditures				(550,046)	(365,745)
Acquisition of proved and unproved oil and gas properties				(88,834)	0
Other, net				657	0
Net cash used in investing activities				(638,223)	(365,745)
Cash flows from financing activities:
Cash paid to repurchase Senior Notes				0	(584,946)
Repurchase of common stock				(108,863)	0
Net proceeds from sale of common stock				1,815	1,645
Dividends paid				(36,367)	(1,218)
Other, net				(7)	(24)
Net cash used in financing activities				(143,422)	(584,543)
Net change in cash, cash equivalents, and restricted cash				(66,760)	(65,627)
Cash, cash equivalents, and restricted cash at beginning of period				444,998	332,716
Cash, cash equivalents, and restricted cash at end of period		378,238	$ 267,089	378,238	267,089
Supplemental Cash Flow Information - Operating activities:
Cash paid for interest, net of capitalized interest				(42,680)	(90,875)
Net cash paid for income taxes		$ (6,100)		(6,137)	(10,502)
Supplemental Cash Flow Information - Investing activities:
Increase in capital expenditure accruals and other				$ 24,220	37,780
Non-cash financing activities (1)
Noncash FinancingText	[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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
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 2022 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, 2023, 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 2022 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 2022 Form 10-K . Recently Issued Accounting Standards As of June 30, 2023, and through the filing of this report, no new accounting standards 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, 2023
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”) reflects 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, 2023, and 2022: Midland Basin South Texas Total Three Months Ended Three Months Ended Three Months Ended 2023 2022 2023 2022 2023 2022 (in thousands) Oil production revenue $ 302,874 $ 534,927 $ 120,519 $ 132,092 $ 423,393 $ 667,019 Gas production revenue 36,800 137,543 32,927 103,784 69,727 241,327 NGL production revenue 211 130 53,224 81,901 53,435 82,031 Total $ 339,885 $ 672,600 $ 206,670 $ 317,777 $ 546,555 $ 990,377 Relative percentage 62 % 68 % 38 % 32 % 100 % 100 % Midland Basin South Texas Total Six Months Ended Six Months Ended Six Months Ended 2023 2022 2023 2022 2023 2022 (in thousands) Oil production revenue $ 623,009 $ 1,028,822 $ 221,222 $ 245,499 $ 844,231 $ 1,274,321 Gas production revenue 86,589 239,816 76,869 171,560 163,458 411,376 NGL production revenue 388 282 109,256 163,119 109,644 163,401 Total $ 709,986 $ 1,268,920 $ 407,347 $ 580,178 $ 1,117,333 $ 1,849,098 Relative percentage 64 % 69 % 36 % 31 % 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 transfer of control 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 affected by fees and other deductions incurred by the purchaser subsequent to the transfer of control. 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, 2023, and December 31, 2022, were $162.5 million and $184.5 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. 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. Please refer to Note 1 - Summary of Significant Accounting Policies and Note 2 - Revenue from Contracts with Customers in the 2022 Form 10-K for more information regarding the Company’s revenue recognition policy and the types of contracts under which oil, gas, and NGL production revenue is generated.

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders' Equity Note Disclosure	Note 3 - Equity Stock Repurchase Program During 2022, the Company’s Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $500.0 million in aggregate value of its common stock through December 31, 2024 (“Stock Repurchase Program”). The Stock Repurchase Program permits the Company to repurchase shares of its common stock from time to time in open market transactions, through privately negotiated transactions or by other means in accordance with federal securities laws and subject to certain provisions of the Credit Agreement and the indentures governing the Senior Notes, as defined in Note 5 - Long-Term Debt . Please refer to Note 3 - Equity in the 2022 Form 10-K for additional information regarding the Company’s Stock Repurchase Program. During the three and six months ended June 30, 2023, the Company repurchased and subsequently retired 2,550,706 and 3,964,464 shares, respectively, of its common stock at a weighted-average share price of $26.95 and $27.44, respectively, for a total cost of $68.7 million and $108.8 million, respectively, excluding excise taxes, commissions, and fees. As of June 30, 2023, $334.0 million remained available for repurchases of the Company’s outstanding common stock under the Stock Repurchase Program.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 4 - Income Taxes The provision for income taxes for the three and six months ended June 30, 2023, and 2022, consists of the following: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 (in thousands) Current portion of income tax (expense) benefit: Federal $ 2,189 $ (3,664) $ (2,809) $ (4,273) State (3) (2,047) (543) (2,351) Deferred portion of income tax expense (44,278) (81,000) (94,246) (92,948) Income tax expense $ (42,092) $ (86,711) $ (97,598) $ (99,572) Effective tax rate 21.9 % 21.1 % 21.9 % 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 effective tax rate and the resulting income tax expense or 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 of the periods presented in the table above. The Company commissioned a multi-year research and development (“R&D”) credit study in 2022, which is expected to be completed in late 2023, and is expected to favorably impact the Company’s effective tax rate and future tax obligations when the results are recorded. The Company’s policy is to not record an R&D credit until it is claimed on a filed tax return, which has not occurred as of the filing of this report. The Company made $6.1 million of cash tax payments during the second quarter of 2023, primarily related to Texas franchise taxes. For all years before 2019, 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, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Note 5 - Long-Term Debt Credit Agreement The Company’s Credit Agreement provides for a senior secured revolving credit facility with a maximum loan amount of $3.0 billion. As of June 30, 2023, the borrowing base and aggregate lender commitments under the Credit Agreement were $2.5 billion and $1.25 billion, respectively. The next scheduled borrowing base redetermination date is October 1, 2023. The 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, as defined below, 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. Interest and commitment fees associated with the revolving credit facility are accrued based on a borrowing base utilization grid set forth in the Credit Agreement, as presented in Note 5 - Long-Term Debt in the 2022 Form 10-K . At the Company’s election, borrowings under the Credit Agreement may be in the form of Secured Overnight Financing Rate (“SOFR”), Alternate Base Rate (“ABR”), or Swingline loans. SOFR loans accrue interest at SOFR plus the applicable margin from the utilization grid, and ABR and Swingline loans accrue interest at a market-based floating rate, plus the applicable margin from the utilization grid. Commitment fees are accrued on the unused portion of the aggregate lender commitment amount at rates from the utilization grid. 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 21, 2023, June 30, 2023, and December 31, 2022: As of July 21, 2023 As of June 30, 2023 As of December 31, 2022 (in thousands) Revolving credit facility (1) $ — $ — $ — Letters of credit (2) 2,500 2,500 6,000 Available borrowing capacity 1,247,500 1,247,500 1,244,000 Total aggregate lender commitment amount $ 1,250,000 $ 1,250,000 $ 1,250,000 ____________________________________________ (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 $9.6 million and $10.8 million as of June 30, 2023, and December 31, 2022, 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. Senior Notes The Company’s Senior Notes, net line item on the accompanying balance sheets as of June 30, 2023, and December 31, 2022, consists of the following (collectively referred to as “Senior Notes”): As of June 30, 2023 As of December 31, 2022 Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net (in thousands) 5.625% Senior Notes due 2025 $ 349,118 $ 1,211 $ 347,907 $ 349,118 $ 1,528 $ 347,590 6.75% Senior Notes due 2026 419,235 2,219 417,016 419,235 2,569 416,666 6.625% Senior Notes due 2027 416,791 2,784 414,007 416,791 3,172 413,619 6.5% Senior Notes due 2028 400,000 5,158 394,842 400,000 5,665 394,335 Total $ 1,585,144 $ 11,372 $ 1,573,772 $ 1,585,144 $ 12,934 $ 1,572,210 The Senior 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 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 Notes. On February 14, 2022, the Company redeemed the remaining $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. The Company canceled all redeemed 2024 Senior Notes upon settlement. Please refer to Note 5 - Long-Term Debt in the 2022 Form 10-K for additional detail on the Company’s Senior Notes. 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”), 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 expense recognition of the remaining unamortized debt discount, and $7.4 million of accelerated expense recognition of the remaining unamortized deferred financing costs. The Company canceled all redeemed 2025 Senior Secured Notes upon settlement. Covenants The Company is subject to certain financial and non-financial covenants under the Credit Agreement and the indentures governing the Senior Notes 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, and merge or consolidate with other entities. The Company was in compliance with all financial and non-financial covenants as of June 30, 2023, and through the filing of this report. Please refer to Note 5 - Long-Term Debt in the 2022 Form 10-K for additional detail on the Company’s covenants under the Credit Agreement and indentures governing the Senior Notes. Capitalized Interest Capitalized interest costs for the three months ended June 30, 2023, and 2022, totaled $5.9 million and $4.2 million, respectively, and totaled $11.4 million and $7.2 million for the six months ended June 30, 2023, and 2022, 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, 2023
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 2022 Form 10-K . Please refer to Note 6 - Commitments and Contingencies in the 2022 Form 10-K for additional discussion of the Company’s commitments. Drilling Rig Service Contracts . During the six months ended June 30, 2023, and through the filing of this report, the Company amended certain of its drilling rig contracts to extend contract terms, which resulted in changes to day rates and potential early termination fees. As of the filing of this report, the Company’s drilling rig commitments totaled $27.0 million under contract terms extending through the third quarter of 2024. 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 $18.7 million in early termination fees. No early termination penalties or standby fees were incurred by the Company during the six months ended June 30, 2023, and the Company does not expect to incur material penalties with regard to its drilling rig contracts during the remainder of 2023. 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.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Derivative Financial Instruments	Note 7 - 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 effect on cash flows. All commodity derivative contracts that the Company enters into are for other-than-trading purposes. The Company’s commodity derivative contracts consist of price swap and collar arrangements for oil and gas production, and price swap arrangements for NGL production. In a typical commodity swap agreement, if the agreed upon published third-party index price (“index price”) is lower than the swap price, the Company receives the difference between the index price and the agreed upon swap price. If the index price is higher than the swap 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, 2023, the Company had basis swap contracts with fixed price differentials between: • NYMEX WTI and Argus WTI Midland (“WTI Midland”) for a portion of its Midland Basin oil production with sales contracts that settle at WTI Midland prices; • NYMEX WTI and Argus WTI Houston Magellan East Houston Terminal (“WTI Houston MEH”) for a portion of its South Texas oil production with sales contracts that settle at WTI Houston MEH prices; • NYMEX Henry Hub (“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. As of June 30, 2023, the Company had commodity derivative contracts outstanding through the fourth quarter of 2025 as summarized in the table below: Contract Period Third Quarter 2023 Fourth Quarter 2023 2024 2025 Oil Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps NYMEX WTI Volumes 607 837 — — Weighted-Average Contract Price $ 59.77 $ 65.91 $ — $ — ICE Brent Volumes 920 920 910 — Weighted-Average Contract Price $ 86.50 $ 86.50 $ 85.50 $ — Collars NYMEX WTI Volumes 291 — 919 — Weighted-Average Floor Price $ 75.00 $ — $ 75.00 $ — Weighted-Average Ceiling Price $ 93.05 $ — $ 81.47 $ — Basis Swaps WTI Midland-NYMEX WTI Volumes 1,414 1,294 2,961 — Weighted-Average Contract Price $ 0.88 $ 0.88 $ 1.17 $ — WTI Houston MEH-NYMEX WTI Volumes 361 296 877 — Weighted-Average Contract Price $ 1.59 $ 1.53 $ 1.85 $ — Roll Differential Swaps NYMEX WTI Volumes 1,304 1,201 2,188 — Weighted-Average Contract Price $ 0.64 $ 0.62 $ 0.42 $ — Gas Derivatives (volumes in BBtu and prices in $ per MMBtu): Swaps NYMEX HH Volumes 1,470 — 2,759 5,891 Weighted-Average Contract Price $ 5.11 $ — $ 3.27 $ 4.20 Collars NYMEX HH Volumes 6,194 8,362 22,342 5,891 Weighted-Average Floor Price $ 3.75 $ 3.90 $ 3.61 $ 3.50 Weighted-Average Ceiling Price $ 4.62 $ 5.70 $ 5.76 $ 5.32 IF HSC Volumes 1,389 1,451 — — Weighted-Average Floor Price $ 4.25 $ 4.25 $ — $ — Weighted-Average Ceiling Price $ 4.95 $ 5.55 $ — $ — Basis Swaps IF Waha-NYMEX HH Volumes 3,505 2,337 20,958 20,501 Weighted-Average Contract Price $ (0.95) $ (1.01) $ (0.86) $ (0.66) IF HSC-NYMEX HH Volumes 1,813 2,008 10,208 — Weighted-Average Contract Price $ (0.25) $ (0.25) $ (0.33) $ — NGL Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps OPIS Propane Mont Belvieu Non-TET Volumes 181 187 — — Weighted-Average Contract Price $ 36.67 $ 36.66 $ — $ — Commodity Derivative Contracts Entered Into Subsequent to June 30, 2023 Subsequent to June 30, 2023, and through July 21, 2023, the Company entered into the following commodity derivative contracts: • NYMEX WTI oil collar contracts for the first and second quarters of 2024 for a total of 0.6 MMBbl of oil production at a weighted-average floor price of $62.38 per Bbl and a weighted-average ceiling price of $76.51 per Bbl; • WTI Midland-NYMEX WTI basis swap contracts for 2024 for a total of 0.9 MMBbl of oil production at a contract price of $1.35 per Bbl; • WTI Houston MEH-NYMEX WTI basis swap contract for 2024 for a total of 0.3 MMBbl of oil production at a contract price of $1.75 per Bbl; and • IF HSC-NYMEX HH basis swap contracts for 2024 for a total of 4,780 BBtu of gas production at a weighted-average contract price of $(0.15) 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 asset of $58.1 million and $15.8 million as of June 30, 2023, and December 31, 2022, respectively. The following table details the fair value of commodity derivative contracts recorded in the accompanying balance sheets, by category: As of June 30, 2023 As of December 31, 2022 (in thousands) Derivative assets: Current assets $ 74,138 $ 48,677 Noncurrent assets 12,077 24,465 Total derivative assets $ 86,215 $ 73,142 Derivative liabilities: Current liabilities $ 22,210 $ 56,181 Noncurrent liabilities 5,894 1,142 Total derivative liabilities $ 28,104 $ 57,323 Offsetting of Derivative Assets and Liabilities As of June 30, 2023, and December 31, 2022, 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, 2022 June 30, December 31, 2022 (in thousands) Gross amounts presented in the accompanying balance sheets $ 86,215 $ 73,142 $ (28,104) $ (57,323) Amounts not offset in the accompanying balance sheets (24,835) (26,136) 24,835 26,136 Net amounts $ 61,380 $ 47,006 $ (3,269) $ (31,187) The following table summarizes the commodity components of the derivative settlement (gain) loss, and the net derivative (gain) 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, 2023 2022 2023 2022 (in thousands) Derivative settlement (gain) loss: Oil contracts $ 472 $ 179,213 $ 6,698 $ 308,381 Gas contracts (14,550) 53,337 (25,852) 80,388 NGL contracts (1,558) 8,048 (1,558) 20,012 Total derivative settlement (gain) loss $ (15,636) $ 240,598 $ (20,712) $ 408,781 Net derivative (gain) loss: Oil contracts $ (17,518) $ 100,273 $ (46,685) $ 415,323 Gas contracts 10,560 8,548 (10,218) 94,723 NGL contracts (4,716) (4,585) (6,100) 12,711 Total net derivative (gain) loss $ (11,674) $ 104,236 $ (63,003) $ 522,757 Credit Related Contingent Features As of June 30, 2023, 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 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 Credit Agreement, of the Company’s proved oil and gas properties evaluated in the most recent reserve report. Collateral securing indebtedness under the Credit Agreement also secures the Company’s derivative agreement obligations.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
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, 2023 As of December 31, 2022 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 86,215 $ — $ — $ 73,142 $ — Liabilities: Derivatives (1) $ — $ 28,104 $ — $ — $ 57,323 $ — __________________________________________ (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 7 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2022 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, 2023, or December 31, 2022, as they were recorded at carrying value, net of any unamortized deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information. As of June 30, 2023 As of December 31, 2022 Principal Amount Fair Value Principal Amount Fair Value (in thousands) 5.625% Senior Notes due 2025 $ 349,118 $ 341,560 $ 349,118 $ 337,821 6.75% Senior Notes due 2026 $ 419,235 $ 411,332 $ 419,235 $ 409,484 6.625% Senior Notes due 2027 $ 416,791 $ 408,259 $ 416,791 $ 402,120 6.5% Senior Notes due 2028 $ 400,000 $ 384,584 $ 400,000 $ 384,520

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	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 restricted stock units (“RSU” or “RSUs”) and contingent performance share units (“PSU” or “PSUs”), which were measured using the treasury stock method. Please refer to Note 10 - Compensation Plans in this report and Note 9 - Earnings Per Share in the 2022 Form 10-K for additional detail on these potentially dilutive securities. The following table sets forth the calculations of basic and diluted net income per common share: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 (in thousands, except per share data) Net income $ 149,874 $ 323,485 $ 348,426 $ 372,249 Basic weighted-average common shares outstanding 119,408 121,910 120,533 121,909 Dilutive effect of non-vested RSUs, contingent PSUs, and other 666 2,433 642 2,358 Diluted weighted-average common shares outstanding 120,074 124,343 121,175 124,267 Basic net income per common share $ 1.26 $ 2.65 $ 2.89 $ 3.05 Diluted net income per common share $ 1.25 $ 2.60 $ 2.88 $ 3.00

Compensation Plans

Compensation Plans	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Compensation Plans	Note 10 - Compensation Plans The Company may grant various types of both short-term and long-term incentive-based awards under its compensation plans, such as cash awards, performance-based cash awards, and equity awards to eligible employees. Additionally, the Company grants stock-based compensation to its Board of Directors and provides an employee stock purchase plan. As of June 30, 2023, approximately 3.7 million shares of common stock were available for grant under the Company’s Equity Incentive Compensation Plan (“Equity Plan”). Performance Share Units The Company has granted 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 2022 and 2023, which the Company determined to be equity awards, settlement will be determined based on a combination of the following criteria measured over the three Compensation expense for PSUs is recognized within general and administrative expense and exploration expense over the vesting periods of the respective awards. Total compensation expense recorded for PSUs was $0.2 million and $0.7 million for the three months ended June 30, 2023, and 2022, respectively, and $0.8 million and $1.4 million for the six months ended June 30, 2023, and 2022, respectively. As of June 30, 2023, there was $4.1 million of total unrecognized compensation expense related to non-vested PSUs, which is being amortized through mid-2025. There were no material changes to the outstanding and non-vested PSUs during the six months ended June 30, 2023. Subsequent to June 30, 2023, the Company granted a total of 256,633 PSUs with a grant date fair value of $7.7 million. Restricted Stock Units The Company has granted RSUs to eligible employees as part of its Equity Plan. Each RSU 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 $3.4 million and $3.2 million for the three months ended June 30, 2023, and 2022, respectively, and $6.7 million and $6.5 million for the six months ended June 30, 2023, and 2022, respectively. As of June 30, 2023, there was $17.4 million of total unrecognized compensation expense related to non-vested RSUs, which is being amortized through January 2026. There were no material changes to the outstanding and non-vested RSUs during the six months ended June 30, 2023. Subsequent to June 30, 2023, the Company settled RSUs upon the vesting of awards granted in previous years. The Company and a majority of 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 248,963 shares to satisfy income and payroll tax withholding obligations, the Company issued 553,442 shares of common stock in accordance with the terms of the applicable award agreements. Additionally, the Company granted to employees a total of 591,361 RSUs with a grant date fair value of $18.7 million. Director Shares During the second quarters of 2023, and 2022, the Company issued a total of 56,872 and 29,471 shares, respectively, of its common stock as compensation to its non-employee directors under the Equity Plan. Shares issued during 2023 will fully vest on December 31, 2023, and shares issued during 2022 fully vested on December 31, 2022. 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 68,210 and 65,634 shares issued under the ESPP during the second quarters of 2023, and 2022, respectively. Total proceeds to the Company for the issuance of these shares was $1.8 million and $1.6 million for the six months ended June 30, 2023, and 2022, 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 2022 Form 10-K for additional detail on the Company’s compensation plans.

Divestitures, Assets Held for S

Divestitures, Assets Held for Sale, and Acquisitions	6 Months Ended
	Jun. 30, 2023
Divestitures, Assets Held for Sale, and Acquisitions [Abstract]
Acquisitions, Assets Held for Sale, and Divestitures	Note 11 - Acquisitions Acquisitions On June 30, 2023, the Company acquired approximately 20,000 net acres of oil and gas properties located in Dawson and northern Martin Counties, Texas. Total consideration paid after purchase price adjustments was $88.8 million. Under authoritative accounting guidance, this transaction was considered to be an asset acquisition. Therefore, the properties were recorded based on the total consideration paid after purchase price adjustments and the transaction costs were capitalized as a component of the cost of the assets acquired.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 2022 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, 2023, 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, 2023, and through the filing of this report, no new accounting standards 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.
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]	The Company’s accounting policy is to not offset
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 7 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2022 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, 2023
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

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Policies)	6 Months Ended
	Jun. 30, 2023
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 7 - Derivative Financial Instruments in this report, and to Note 8 - Fair Value Measurements and Note 10 - Derivative Financial Instruments in the 2022 Form 10-K for more information regarding the Company’s derivative instruments.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023, and 2022: Midland Basin South Texas Total Three Months Ended Three Months Ended Three Months Ended 2023 2022 2023 2022 2023 2022 (in thousands) Oil production revenue $ 302,874 $ 534,927 $ 120,519 $ 132,092 $ 423,393 $ 667,019 Gas production revenue 36,800 137,543 32,927 103,784 69,727 241,327 NGL production revenue 211 130 53,224 81,901 53,435 82,031 Total $ 339,885 $ 672,600 $ 206,670 $ 317,777 $ 546,555 $ 990,377 Relative percentage 62 % 68 % 38 % 32 % 100 % 100 % Midland Basin South Texas Total Six Months Ended Six Months Ended Six Months Ended 2023 2022 2023 2022 2023 2022 (in thousands) Oil production revenue $ 623,009 $ 1,028,822 $ 221,222 $ 245,499 $ 844,231 $ 1,274,321 Gas production revenue 86,589 239,816 76,869 171,560 163,458 411,376 NGL production revenue 388 282 109,256 163,119 109,644 163,401 Total $ 709,986 $ 1,268,920 $ 407,347 $ 580,178 $ 1,117,333 $ 1,849,098 Relative percentage 64 % 69 % 36 % 31 % 100 % 100 %

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The provision for income taxes for the three and six months ended June 30, 2023, and 2022, consists of the following: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 (in thousands) Current portion of income tax (expense) benefit: Federal $ 2,189 $ (3,664) $ (2,809) $ (4,273) State (3) (2,047) (543) (2,351) Deferred portion of income tax expense (44,278) (81,000) (94,246) (92,948) Income tax expense $ (42,092) $ (86,711) $ (97,598) $ (99,572) Effective tax rate 21.9 % 21.1 % 21.9 % 21.1 %

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities	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 21, 2023, June 30, 2023, and December 31, 2022: As of July 21, 2023 As of June 30, 2023 As of December 31, 2022 (in thousands) Revolving credit facility (1) $ — $ — $ — Letters of credit (2) 2,500 2,500 6,000 Available borrowing capacity 1,247,500 1,247,500 1,244,000 Total aggregate lender commitment amount $ 1,250,000 $ 1,250,000 $ 1,250,000 ____________________________________________ (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 $9.6 million and $10.8 million as of June 30, 2023, and December 31, 2022, 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	The Company’s Senior Notes, net line item on the accompanying balance sheets as of June 30, 2023, and December 31, 2022, consists of the following (collectively referred to as “Senior Notes”): As of June 30, 2023 As of December 31, 2022 Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net Principal Amount Unamortized Deferred Financing Costs Principal Amount, Net (in thousands) 5.625% Senior Notes due 2025 $ 349,118 $ 1,211 $ 347,907 $ 349,118 $ 1,528 $ 347,590 6.75% Senior Notes due 2026 419,235 2,219 417,016 419,235 2,569 416,666 6.625% Senior Notes due 2027 416,791 2,784 414,007 416,791 3,172 413,619 6.5% Senior Notes due 2028 400,000 5,158 394,842 400,000 5,665 394,335 Total $ 1,585,144 $ 11,372 $ 1,573,772 $ 1,585,144 $ 12,934 $ 1,572,210

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Schedule of notional amounts of outstanding derivative positions	As of June 30, 2023, the Company had commodity derivative contracts outstanding through the fourth quarter of 2025 as summarized in the table below: Contract Period Third Quarter 2023 Fourth Quarter 2023 2024 2025 Oil Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps NYMEX WTI Volumes 607 837 — — Weighted-Average Contract Price $ 59.77 $ 65.91 $ — $ — ICE Brent Volumes 920 920 910 — Weighted-Average Contract Price $ 86.50 $ 86.50 $ 85.50 $ — Collars NYMEX WTI Volumes 291 — 919 — Weighted-Average Floor Price $ 75.00 $ — $ 75.00 $ — Weighted-Average Ceiling Price $ 93.05 $ — $ 81.47 $ — Basis Swaps WTI Midland-NYMEX WTI Volumes 1,414 1,294 2,961 — Weighted-Average Contract Price $ 0.88 $ 0.88 $ 1.17 $ — WTI Houston MEH-NYMEX WTI Volumes 361 296 877 — Weighted-Average Contract Price $ 1.59 $ 1.53 $ 1.85 $ — Roll Differential Swaps NYMEX WTI Volumes 1,304 1,201 2,188 — Weighted-Average Contract Price $ 0.64 $ 0.62 $ 0.42 $ — Gas Derivatives (volumes in BBtu and prices in $ per MMBtu): Swaps NYMEX HH Volumes 1,470 — 2,759 5,891 Weighted-Average Contract Price $ 5.11 $ — $ 3.27 $ 4.20 Collars NYMEX HH Volumes 6,194 8,362 22,342 5,891 Weighted-Average Floor Price $ 3.75 $ 3.90 $ 3.61 $ 3.50 Weighted-Average Ceiling Price $ 4.62 $ 5.70 $ 5.76 $ 5.32 IF HSC Volumes 1,389 1,451 — — Weighted-Average Floor Price $ 4.25 $ 4.25 $ — $ — Weighted-Average Ceiling Price $ 4.95 $ 5.55 $ — $ — Basis Swaps IF Waha-NYMEX HH Volumes 3,505 2,337 20,958 20,501 Weighted-Average Contract Price $ (0.95) $ (1.01) $ (0.86) $ (0.66) IF HSC-NYMEX HH Volumes 1,813 2,008 10,208 — Weighted-Average Contract Price $ (0.25) $ (0.25) $ (0.33) $ — NGL Derivatives (volumes in MBbl and prices in $ per Bbl): Swaps OPIS Propane Mont Belvieu Non-TET Volumes 181 187 — — Weighted-Average Contract Price $ 36.67 $ 36.66 $ — $ —
Schedule of fair value of derivatives in accompanying balance sheets	The following table details the fair value of commodity derivative contracts recorded in the accompanying balance sheets, by category: As of June 30, 2023 As of December 31, 2022 (in thousands) Derivative assets: Current assets $ 74,138 $ 48,677 Noncurrent assets 12,077 24,465 Total derivative assets $ 86,215 $ 73,142 Derivative liabilities: Current liabilities $ 22,210 $ 56,181 Noncurrent liabilities 5,894 1,142 Total derivative liabilities $ 28,104 $ 57,323
Schedule of the potential effects of master netting arrangements	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, 2022 June 30, December 31, 2022 (in thousands) Gross amounts presented in the accompanying balance sheets $ 86,215 $ 73,142 $ (28,104) $ (57,323) Amounts not offset in the accompanying balance sheets (24,835) (26,136) 24,835 26,136 Net amounts $ 61,380 $ 47,006 $ (3,269) $ (31,187)
Schedule of the components of the derivative settlement (gain) loss and the net derivative (gain) loss	The following table summarizes the commodity components of the derivative settlement (gain) loss, and the net derivative (gain) 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, 2023 2022 2023 2022 (in thousands) Derivative settlement (gain) loss: Oil contracts $ 472 $ 179,213 $ 6,698 $ 308,381 Gas contracts (14,550) 53,337 (25,852) 80,388 NGL contracts (1,558) 8,048 (1,558) 20,012 Total derivative settlement (gain) loss $ (15,636) $ 240,598 $ (20,712) $ 408,781 Net derivative (gain) loss: Oil contracts $ (17,518) $ 100,273 $ (46,685) $ 415,323 Gas contracts 10,560 8,548 (10,218) 94,723 NGL contracts (4,716) (4,585) (6,100) 12,711 Total net derivative (gain) loss $ (11,674) $ 104,236 $ (63,003) $ 522,757

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on 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 June 30, 2023 As of December 31, 2022 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (in thousands) Assets: Derivatives (1) $ — $ 86,215 $ — $ — $ 73,142 $ — Liabilities: Derivatives (1) $ — $ 28,104 $ — $ — $ 57,323 $ — __________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis.
Schedule of Carrying Values and Estimated Fair Values of Debt 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, 2023, or December 31, 2022, as they were recorded at carrying value, net of any unamortized deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information. As of June 30, 2023 As of December 31, 2022 Principal Amount Fair Value Principal Amount Fair Value (in thousands) 5.625% Senior Notes due 2025 $ 349,118 $ 341,560 $ 349,118 $ 337,821 6.75% Senior Notes due 2026 $ 419,235 $ 411,332 $ 419,235 $ 409,484 6.625% Senior Notes due 2027 $ 416,791 $ 408,259 $ 416,791 $ 402,120 6.5% Senior Notes due 2028 $ 400,000 $ 384,584 $ 400,000 $ 384,520

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of calculations of basic and diluted net income (loss) per common share	The following table sets forth the calculations of basic and diluted net income per common share: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 (in thousands, except per share data) Net income $ 149,874 $ 323,485 $ 348,426 $ 372,249 Basic weighted-average common shares outstanding 119,408 121,910 120,533 121,909 Dilutive effect of non-vested RSUs, contingent PSUs, and other 666 2,433 642 2,358 Diluted weighted-average common shares outstanding 120,074 124,343 121,175 124,267 Basic net income per common share $ 1.26 $ 2.65 $ 2.89 $ 3.05 Diluted net income per common share $ 1.25 $ 2.60 $ 2.88 $ 3.00

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 546,555	$ 990,377	$ 1,117,333	$ 1,849,098
Revenue, Remaining Performance Obligation, Amount	0		0
Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	339,885	672,600	709,986	1,268,920
South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 206,670	$ 317,777	$ 407,347	$ 580,178
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	62%	68%	64%	69%
Revenue Benchmark | Geographic Concentration Risk | South Texas
Segment Reporting Information [Line Items]
Relative percentage	38%	32%	36%	31%
Oil production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 423,393	$ 667,019	$ 844,231	$ 1,274,321
Oil production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	302,874	534,927	623,009	1,028,822
Oil production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	120,519	132,092	221,222	245,499
Gas production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	69,727	241,327	163,458	411,376
Gas production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	36,800	137,543	86,589	239,816
Gas production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	32,927	103,784	76,869	171,560
NGL production revenue
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	53,435	82,031	109,644	163,401
NGL production revenue | Midland Basin
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	211	130	388	282
NGL production revenue | South Texas
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 53,224	$ 81,901	$ 109,256	$ 163,119

Accounts Receivable from Custom

Accounts Receivable from Customers (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accrued Income Receivable
Accounts Receivable [Line Items]
Accounts receivable from contracts with customers	$ 162.5	$ 184.5
Minimum
Accounts Receivable [Line Items]
Revenue receipt, days after sale	30
Maximum
Accounts Receivable [Line Items]
Revenue receipt, days after sale	90

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
	Sep. 07, 2022	Jun. 30, 2023	Jun. 30, 2023
Equity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 500
Stock Repurchase Program Expiration Date	Dec. 31, 2024
Stock Repurchased and Retired During Period, Shares		2,550,706	3,964,464
Stock Repurchase Program, Shares Repurchased, Weighted Average Price Per Share		$ 26.95	$ 27.44
Stock Repurchased and Retired During Period Excluding Taxes, Commission, and Fees, Value		$ 68.7	$ 108.8
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 334	$ 334

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Components of the provision for income taxes
Federal	$ 2,189	$ (3,664)	$ (2,809)	$ (4,273)
State	(3)	(2,047)	(543)	(2,351)
Deferred portion of income tax expense	(44,278)	(81,000)	(94,246)	(92,948)
Income tax expense	$ (42,092)	$ (86,711)	$ (97,598)	$ (99,572)
Effective tax rate	21.90%	21.10%	21.90%	21.10%
Net cash paid for income taxes	$ (6,100)		$ (6,137)	$ (10,502)

Credit Agreement (Details)

Credit Agreement (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jul. 21, 2023	Dec. 31, 2022
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	3,000,000
Revolving credit facility, current borrowing base	2,500,000
Revolving credit facility, aggregate lender commitments	$ 1,250,000		1,250,000
Debt Instrument, Maturity Date	Aug. 02, 2027
Revolving credit facility	$ 0		0
Letters of credit	2,500		6,000
Available borrowing capacity	1,247,500		1,244,000
Revolving Credit Facility, unamortized deferred financing costs	$ 9,600		$ 10,800
Revolving Credit Facility | Subsequent Event
Line of Credit Facility [Line Items]
Revolving credit facility, aggregate lender commitments		$ 1,250,000
Revolving credit facility		0
Letters of credit		2,500
Available borrowing capacity		$ 1,247,500

Senior Notes (Details)

Senior Notes (Details) - USD ($) $ in Thousands	Feb. 14, 2022	Jun. 30, 2023	Dec. 31, 2022
Senior Notes [Line Items]
Senior Notes		$ 1,573,772	$ 1,572,210
5.625% Senior Unsecured Notes due 2025
Senior Notes [Line Items]
Senior Notes, interest rate, stated percentage		5.625%	5.625%
Senior Notes, Principal amount		$ 349,118	$ 349,118
Senior Notes, unamortized deferred financing costs		1,211	1,528
Senior Notes		$ 347,907	$ 347,590
6.75% Senior Unsecured Notes due 2026
Senior Notes [Line Items]
Senior Notes, interest rate, stated percentage		6.75%	6.75%
Senior Notes, Principal amount		$ 419,235	$ 419,235
Senior Notes, unamortized deferred financing costs		2,219	2,569
Senior Notes		$ 417,016	$ 416,666
6.625% Senior Unsecured Notes due 2027
Senior Notes [Line Items]
Senior Notes, interest rate, stated percentage		6.625%	6.625%
Senior Notes, Principal amount		$ 416,791	$ 416,791
Senior Notes, unamortized deferred financing costs		2,784	3,172
Senior Notes		$ 414,007	$ 413,619
6.5% Senior Unsecured Notes Due 2028
Senior Notes [Line Items]
Senior Notes, interest rate, stated percentage		6.50%	6.50%
Senior Notes, Principal amount		$ 400,000	$ 400,000
Senior Notes, unamortized deferred financing costs		5,158	5,665
Senior Notes		394,842	394,335
5.0% Senior Unsecured Notes due 2024
Senior Notes [Line Items]
Senior Notes, interest rate, stated percentage	5%
Senior Notes, repurchased face amount	$ 104,800
Senior Notes, Redemption Price, Percentage	100%
Senior Notes
Senior Notes [Line Items]
Senior Notes, Principal amount		1,585,144	1,585,144
Senior Notes, unamortized deferred financing costs		$ 11,372	$ 12,934

Senior Secured Notes (Details)

Senior Secured Notes (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 17, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Senior Secured Notes [Line Items]
Loss on extinguishment of debt		$ 0	$ (67,226)	$ 0	$ (67,605)
10.0% Senior Secured Notes due 2025
Senior Secured Notes [Line Items]
Senior Secured Notes, repurchased face amount	$ 446,700
Senior Notes, interest rate, stated percentage	10%
Senior Secured Notes, Redemption Price, Percentage	107.50%
Loss on extinguishment of debt	$ 67,200
Debt Instrument, Repurchase Premium	33,500
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
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

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 02, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
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, 2023, and through the filing of this report.
Capitalized interest costs		$ 5.9	$ 4.2	$ 11.4	$ 7.2
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, 2023, and through the filing of this report.

Commitments (Details)

Commitments (Details) - Drilling Rig Leasing Contracts - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Aug. 02, 2023
Commitments and Contingencies [Line Items]
Early Termination Penalty Incurred for Rig Contract Cancellation	$ 0
Subsequent Event
Commitments and Contingencies [Line Items]
Contractual Obligation		$ 27,000
Early Termination Penalty for Rig Contract Cancellation		$ 18,700

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) BTU in Billions		1 Months Ended
	Jun. 30, 2023 BTU $ / EnergyContent $ / Barrels bbl	Jul. 21, 2023 BTU $ / Barrels $ / EnergyContent bbl
NYMEX Oil Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	607,000
Derivative, Swap Type, Weighted-Average Contract Price	59.77
NYMEX Oil Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	837,000
Derivative, Swap Type, Weighted-Average Contract Price	65.91
NYMEX Oil Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	0
Derivative, Swap Type, Weighted-Average Contract Price	0
NYMEX Oil Swap Contract, Year 3
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	920,000
Derivative, Swap Type, Weighted-Average Contract Price	86.50
ICE Brent Oil Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	920,000
Derivative, Swap Type, Weighted-Average Contract Price	86.50
ICE Brent Oil Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	910,000
Derivative, Swap Type, Weighted-Average Contract Price	85.50
ICE Brent 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 Collar Contract, Third Quarter Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	291,000
Derivative, Weighted-Average Floor Price	75
Derivative, Weighted-Average Ceiling Price	93.05
NYMEX Oil Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	0
Derivative, Weighted-Average Floor Price	0
Derivative, Weighted-Average Ceiling Price	0
NYMEX Oil Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	919,000
Derivative, Weighted-Average Floor Price	75
Derivative, Weighted-Average Ceiling Price	81.47
NYMEX Oil Collar Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		600,000
Derivative, Weighted-Average Floor Price		62.38
Derivative, Weighted-Average Ceiling Price		76.51
NYMEX Oil 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
NYMEX Oil Calendar Month Average Roll Differential Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,304,000
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price	0.64
NYMEX Oil Calendar Month Average Roll Differential Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,201,000
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price	0.62
NYMEX Oil Calendar Month Average Roll Differential Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	2,188,000
Derivative, Roll Differential Swap Type, Weighted-Average Contract Price	0.42
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
WTI Midland NYMEX WTI | Oil Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,414,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	0.88
WTI Midland NYMEX WTI | Oil Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	1,294,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	0.88
WTI Midland NYMEX WTI | Oil Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	2,961,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	1.17
WTI Midland NYMEX WTI | Oil Basis Swap Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		900,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.35
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 Houston MEH NYMEX WTI | Oil Basis Swap Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	361,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	1.59
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	296,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	1.53
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	877,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price	1.85
WTI Houston MEH NYMEX WTI | Oil Basis Swap Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl		300,000
Derivative, Oil Basis Swap Type, Weighted-Average Contract Price		1.75
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
NYMEX HH | Gas Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	1,470
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent	5.11
NYMEX HH | Gas Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	0
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent	0
NYMEX HH | Gas Swaps Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	2,759
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent	3.27
NYMEX HH | Gas Swaps Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	5,891
Derivative, Swap Type, Weighted-Average Contract Price | $ / EnergyContent	4.20
NYMEX HH | Gas Collar Contract, Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	6,194
Derivative, Weighted-Average Floor Price | $ / EnergyContent	3.75
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	4.62
NYMEX HH | Gas Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	8,362
Derivative, Weighted-Average Floor Price | $ / EnergyContent	3.90
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	5.70
NYMEX HH | Gas Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	22,342
Derivative, Weighted-Average Floor Price | $ / EnergyContent	3.61
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	5.76
NYMEX HH | Gas Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	5,891
Derivative, Weighted-Average Floor Price | $ / EnergyContent	3.50
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	5.32
IF HSC | Gas Collar Contract, Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	1,389
Derivative, Weighted-Average Floor Price | $ / EnergyContent	4.25
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	4.95
IF HSC | Gas Collar Contract, Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	1,451
Derivative, Weighted-Average Floor Price | $ / EnergyContent	4.25
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	5.55
IF HSC | Gas Collar Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	0
Derivative, Weighted-Average Floor Price | $ / EnergyContent	0
Derivative, Weighted-Average Ceiling Price | $ / EnergyContent	0
IF HSC | Gas Collar Contract, Year 3
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	0
Derivative, Weighted-Average Floor Price | $ / EnergyContent	0
Derivative, Weighted-Average Ceiling 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	3,505
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(0.95)
IF WAHA NYMEX HH | Gas Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	2,337
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(1.01)
IF WAHA NYMEX HH | Gas Basis Swap Contract, Year 2
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 3
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	1,813
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(0.25)
IF HSC NYMEX HH | Gas Basis Swap Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	2,008
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(0.25)
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 2
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU	10,208
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent	(0.33)
IF HSC NYMEX HH | Gas Basis Swap Contract, Year 2 | Subsequent Event
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Energy Measure | BTU		4,780
Derivative, Gas Basis Swap Type, Weighted-Average Contract Price | $ / EnergyContent		(0.15)
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
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract Third Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	181,000
Derivative, Swap Type, Weighted-Average Contract Price	36.67
OPIS Propane Mont Belvieu Non-TET | NGL Swaps Contract Fourth Quarter, Year 1
Derivative Financial Instruments
Derivative, Nonmonetary Notional Amount, Volume | bbl	187,000
Derivative, Swap Type, Weighted-Average Contract Price	36.66
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

Derivative Financial Instrume_4

Derivative Financial Instruments Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair value of derivative assets and liabilities
Derivative, fair value, net	$ 58,100	$ 15,800
Derivative assets, current	74,138	48,677
Derivative assets, noncurrent	12,077	24,465
Total derivative assets	86,215	73,142
Derivative liabilities, current	22,210	56,181
Derivatives liabilities, noncurrent	5,894	1,142
Total derivative liabilities	(28,104)	(57,323)
Derivative asset, amounts not offset in the accompanying balance sheets	(24,835)	(26,136)
Derivative liabilities, amounts not offset in the accompanying balance sheets	24,835	26,136
Derivative asset, fair value, net amounts	61,380	47,006
Derivative liabilities, fair value, net amounts	(3,269)	(31,187)
Not Designated as Hedging Instrument
Fair value of derivative assets and liabilities
Derivative assets, current	74,138	48,677
Derivative assets, noncurrent	12,077	24,465
Derivative liabilities, current	22,210	56,181
Derivatives liabilities, noncurrent	5,894	1,142
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Not Designated as Hedging Instrument
Fair value of derivative assets and liabilities
Total derivative assets	86,215	73,142
Total derivative liabilities	$ 28,104	$ 57,323

Derivative Financial Instrume_5

Derivative Financial Instruments Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement (gain) loss	$ (15,636)	$ 240,598	$ (20,712)	$ 408,781
Net derivative (gain) loss	(11,674)	104,236	(63,003)	522,757
Oil Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement (gain) loss	472	179,213	6,698	308,381
Net derivative (gain) loss	(17,518)	100,273	(46,685)	415,323
Gas Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement (gain) loss	(14,550)	53,337	(25,852)	80,388
Net derivative (gain) loss	10,560	8,548	(10,218)	94,723
NGL Contracts
Derivative Instruments, (Gain) Loss [Line Items]
Derivative settlement (gain) loss	(1,558)	8,048	(1,558)	20,012
Net derivative (gain) loss	$ (4,716)	$ (4,585)	$ (6,100)	$ 12,711

Credit Facility and Derivative

Credit Facility and Derivative Counterparties (Details)	Jun. 30, 2023
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Percentage of proved property secured for credit facility borrowing	85%

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Derivative Assets, Fair Value, Gross Asset	$ 86,215	$ 73,142
Liabilities
Derivative Liability, Fair Value, Gross Liability	$ (28,104)	$ (57,323)
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	$ 341,560	$ 337,821
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	$ 411,332	$ 409,484
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	$ 408,259	$ 402,120
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
Long-term Debt, Fair Value	384,584	384,520
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	86,215	73,142
Liabilities
Derivative Liability, Fair Value, Gross Liability	28,104	57,323
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
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share Reconciliation [Abstract]
Net income	$ 149,874	$ 198,552	$ 323,485	$ 48,764	$ 348,426	$ 372,249
Basic weighted-average common shares outstanding	119,408		121,910		120,533	121,909
Dilutive effect of non-vested RSUs, contingent PSUs, and other	666		2,433		642	2,358
Diluted weighted-average common shares outstanding	120,074		124,343		121,175	124,267
Basic net income per common share	$ 1.26		$ 2.65		$ 2.89	$ 3.05
Diluted net income per common share	$ 1.25		$ 2.60		$ 2.88	$ 3

Compensation Plans_ Stock Based

Compensation Plans: Stock Based (Details) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 02, 2023 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award
Shares available for grant | shares		3,700,000		3,700,000
Performance Shares (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period				3 years
Stock-based compensation expense | $		$ 0.2	$ 0.7	$ 0.8	$ 1.4
Unrecognized stock based compensation expense | $		$ 4.1		$ 4.1
Performance Shares (PSUs) | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	256,633
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Total Fair Value | $	$ 7.7
Performance Shares (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Multiplier applied to PSU awards at settlement		0		0
Performance Shares (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Multiplier applied to PSU awards at settlement		2		2
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense | $		$ 3.4	$ 3.2	$ 6.7	$ 6.5
Unrecognized stock based compensation expense | $		$ 17.4		$ 17.4
Number of shares represented by each RSU | shares		1		1
Restricted Stock Units (RSUs) | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	591,361
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Total Fair Value | $	$ 18.7
Shares Withheld for Tax Withholding Obligation | shares	248,963
Shares Issued in Period | shares	553,442

Director Shares (Details)

Director Shares (Details) - shares	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Director
Share-based Compensation Arrangement by Share-based Payment Award
Shares issued to directors	56,872	29,471

Employee Stock Purchase Plan (D

Employee Stock Purchase Plan (Details) - Employee Stock Purchase Plan - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
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)	68,210	65,634
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Excluding Option Exercised	$ 1,800	$ 1,600

Acquisitions (Details)

Acquisitions (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2023 USD ($) a
Asset Acquisition [Line Items]
Net Acres Acquired | a	20,000
Asset Acquisition, Consideration Transferred | $	$ 88,800
Q2 2023 Dawson and Martin County Asset Acquisitions [Member]
Asset Acquisition [Line Items]
Asset Acquisition, Effective Date of Acquisition	Jun. 30, 2023