2022 Q4 Form 10-K Financial Statement

#000095017023006714 Filed on March 08, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $99.95M $369.6M $20.13M
YoY Change 396.54% 443.48% 111.88%
Cost Of Revenue $7.553M $25.57M $950.0K
YoY Change 695.05% 549.86%
Gross Profit $92.40M $344.0M $19.18M
YoY Change 381.75% 436.95%
Gross Profit Margin 92.44% 93.08% 95.28%
Selling, General & Admin $8.282M $28.84M $5.489M
YoY Change 50.88% 81.59% 44.45%
% of Gross Profit 8.96% 8.38% 28.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.21M $104.5M $4.178M
YoY Change 790.59% 581.39% 16.06%
% of Gross Profit 40.27% 30.38% 21.78%
Operating Expenses $45.49M $175.6M $9.640M
YoY Change 371.9% 464.43% 30.27%
Operating Profit $46.90M $194.0M $9.539M
YoY Change 391.71% 488.59%
Interest Expense -$31.76M $35.50M -$472.0K
YoY Change 6629.66% -1945.06% -5.6%
% of Operating Profit -67.72% 18.3% -4.95%
Other Income/Expense, Net -$180.0K $3.662M $1.219M
YoY Change -114.77% 608.32% -76.56%
Pretax Income $5.060M $189.8M $10.29M
YoY Change -50.81% 501.6% 68.62%
Income Tax $475.0K $5.681M $1.035M
% Of Pretax Income 9.39% 2.99% 10.06%
Net Earnings -$101.0K $15.70M $4.858M
YoY Change -102.08% 21.7% -36.91%
Net Earnings / Revenue -0.1% 4.25% 24.13%
Basic Earnings Per Share $1.10
Diluted Earnings Per Share $0.01 $1.10 $0.42
COMMON SHARES
Basic Shares Outstanding 13.72M
Diluted Shares Outstanding 13.72M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.82M $18.82M $2.768M
YoY Change 579.84% 579.84% 2.52%
Cash & Equivalents $18.82M $18.82M $2.768M
Short-Term Investments
Other Short-Term Assets $31.36M $31.36M $1.220M
YoY Change 2470.74% 2470.74% 52.5%
Inventory
Prepaid Expenses $12.49M $235.0K
Receivables $142.0M $142.0M $10.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $192.2M $192.2M $14.01M
YoY Change 1272.2% 1272.2% 57.37%
LONG-TERM ASSETS
Property, Plant & Equipment $4.951B $4.957B $822.0K
YoY Change 602194.04% 602884.91% -45.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.714M $22.18M $53.47M
YoY Change -96.79% -58.53% -7.33%
Total Long-Term Assets $4.979B $4.979B $247.8M
YoY Change 1908.88% 1908.88% -7.07%
TOTAL ASSETS
Total Short-Term Assets $192.2M $192.2M $14.01M
Total Long-Term Assets $4.979B $4.979B $247.8M
Total Assets $5.171B $5.171B $261.8M
YoY Change 1874.83% 1874.83% -4.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.90M $21.90M $3.471M
YoY Change 530.91% 530.91% 131.4%
Accrued Expenses $1.563M $1.563M $300.0K
YoY Change 421.0% 421.0% -62.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.41M $26.41M $3.973M
YoY Change 564.79% 564.79% 28.16%
LONG-TERM LIABILITIES
Long-Term Debt $938.9M $938.9M $40.00M
YoY Change 2247.24% 2247.24% 0.5%
Other Long-Term Liabilities $89.00K $5.392M $3.612M
YoY Change -97.54% 49.28% -16.0%
Total Long-Term Liabilities $1.258B $944.3M $43.61M
YoY Change 2784.29% 2065.2% -1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.41M $26.41M $3.973M
Total Long-Term Liabilities $1.258B $944.3M $43.61M
Total Liabilities $1.284B $3.449B $131.2M
YoY Change 879.11% 2529.04% -3.48%
SHAREHOLDERS EQUITY
Retained Earnings -$9.203M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.09M
YoY Change
Treasury Stock Shares $633.0K $0.00
Shareholders Equity $1.722B $1.722B $130.7M
YoY Change
Total Liabilities & Shareholders Equity $5.171B $5.171B $261.8M
YoY Change 1874.83% 1874.83% -4.99%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$101.0K $15.70M $4.858M
YoY Change -102.08% 21.7% -36.91%
Depreciation, Depletion And Amortization $37.21M $104.5M $4.178M
YoY Change 790.59% 581.39% 16.06%
Cash From Operating Activities -$6.115M $165.0M $9.366M
YoY Change -165.29% 283.76% 76.72%
INVESTING ACTIVITIES
Capital Expenditures -$472.0K $558.4M $0.00
YoY Change 43800.08% -100.0%
Acquisitions
YoY Change
Other Investing Activities $11.06M $310.0K
YoY Change 127.94%
Cash From Investing Activities $11.53M -$558.1M $0.00
YoY Change 43775.71% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.594M 399.6M -10.16M
YoY Change -125.53% -1058.93% 111.65%
NET CHANGE
Cash From Operating Activities -6.115M 165.0M 9.366M
Cash From Investing Activities 11.53M -558.1M 0.000
Cash From Financing Activities 2.594M 399.6M -10.16M
Net Change In Cash 8.006M 6.439M -793.0K
YoY Change -1109.58% 14534.09% -496.5%
FREE CASH FLOW
Cash From Operating Activities -$6.115M $165.0M $9.366M
Capital Expenditures -$472.0K $558.4M $0.00
Free Cash Flow -$5.643M -$393.4M $9.366M
YoY Change -160.25% -1043.23% 87.32%

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1837000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
488000
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
588000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
164960000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65929000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26016000
CY2022 str Predecessor Cash Not Contributed In The Merger
PredecessorCashNotContributedInTheMerger
15228000
CY2022 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
557569000
CY2021 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
38470000
CY2020 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
35543000
CY2021 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
137000
CY2020 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
14069000
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
840000
CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
136000
CY2020 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
293000
CY2020 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
210000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-558099000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38743000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21557000
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
348895000
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
147000000
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
10000000
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
209000000
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
46500000
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
36500000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
425000000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
425000000
CY2022 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
15406000
CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
444500000
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11250000
CY2022 str Notes Issuance Costs
NotesIssuanceCosts
4451000
CY2021 str Issuance Of Equity In Consolidated Subsidiary
IssuanceOfEquityInConsolidatedSubsidiary
1467000
CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
8000000
CY2020 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
13000000
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
67500000
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13318000
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
60882000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18165000
CY2022 str Distribution Paid To Temporary Equity
DistributionPaidToTemporaryEquity
115375000
CY2022 str Distributions Paid Related To Distribution Equivalent Rights
DistributionsPaidRelatedToDistributionEquivalentRights
579000
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5032000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1588000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
316000
CY2022 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
61000
CY2021 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
2335000
CY2020 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
1245000
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1180000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
399578000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22338000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15061000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6439000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4848000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10602000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12379000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7531000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18133000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18818000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12379000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7531000
CY2020 str Escrow Deposit Reclassified To Oil And Gas Properties
EscrowDepositReclassifiedToOilAndGasProperties
3067000
CY2022 str Oil And Gas Properties Acquired Through Issuance Of Class C Stock In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfClassCStockInConsolidatedSubsidiary
379000
CY2021 str Oil And Gas Properties Acquired Through Issuance Of Class C Stock In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfClassCStockInConsolidatedSubsidiary
446000
CY2020 str Oil And Gas Properties Acquired Through Issuance Of Class C Stock In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfClassCStockInConsolidatedSubsidiary
2145000
CY2022 str Oil And Gas Properties Acquired Through Issuance Of Class A Common Stock Class C Common Stock And Common Units In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfClassACommonStockClassCCommonStockAndCommonUnitsInConsolidatedSubsidiary
3348216000
CY2021 str Oil And Gas Properties Acquired Through Issuance Of Equity In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfEquityInConsolidatedSubsidiary
572166000
CY2021 str Oil And Gas Properties Acquired Through Deemed Distribution In Connection With Common Control Transaction
OilAndGasPropertiesAcquiredThroughDeemedDistributionInConnectionWithCommonControlTransaction
37459000
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
706940000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1866000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
214000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
29030000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1268000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1687000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
563611000
CY2020 us-gaap Profit Loss
ProfitLoss
-14214000
CY2020 str Partners Capital Account Contribution
PartnersCapitalAccountContribution
13000000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
562397000
CY2021 str Partners Capital Account Contribution
PartnersCapitalAccountContribution
8000000
CY2021 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
128382000
CY2021 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
573633000
CY2021 us-gaap Profit Loss
ProfitLoss
47495000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1063143000
str Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
78104000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13318000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1127929000
str Stock Issued During Period Value Reverse Stock Splits
StockIssuedDuringPeriodValueReverseStockSplits
-775902000
us-gaap Net Income Loss
NetIncomeLoss
15751000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7965000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
34038000
str Deferred Tax Assset Arising From Conversion Of Convertible Securities
DeferredTaxAsssetArisingFromConversionOfConvertibleSecurities
8211000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18165000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
579000
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
706939000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-307691000
CY2022Q4 str Increase Decrease In Merger Transaction
IncreaseDecreaseInMergerTransaction
2149401000
CY2022Q4 str Reclassification From Temporary Equity To Non Controlling Interest
ReclassificationFromTemporaryEquityToNonControllingInterest
2044986000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-101000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3886595000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company’s estimates and classification of oil and natural gas reserves are, by necessity, projections based on geologic and engineering data, and there are uncertainties inherent in the interpretation of such data as well as the projection of future rates of production. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that are difficult to measure. The accuracy of any reserve estimate is a function of the quality of available data, engineering, and geological interpretation and judgment. Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon several variable factors and assumptions. These factors and assumptions include historical production from the area compared with production from other producing areas, the assumed effect of regulations by governmental agencies, and assumptions governing future oil and natural gas prices. For these reasons, estimates of the economically recoverable quantities of expected oil and natural gas and estimates of the future net cash flows may vary substantially.</span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Any significant variance in the assumptions could materially affect the estimated quantity of reserves, which could affect the carrying value of the Company’s oil and natural gas properties and/or the rate of depletion related to oil and natural gas properties.</span></p>
CY2022Q4 str Accrued Revenue
AccruedRevenue
80406000
CY2021Q4 str Accrued Revenue
AccruedRevenue
36177000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
61604000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25000
CY2022Q4 str Accrued Revenue And Accounts Receivable
AccruedRevenueAndAccountsReceivable
142010000
CY2021Q4 str Accrued Revenue And Accounts Receivable
AccruedRevenueAndAccountsReceivable
36202000
CY2022Q4 us-gaap Allowance For Uncollectible Customers Liability For Acceptances
AllowanceForUncollectibleCustomersLiabilityForAcceptances
0
CY2021Q4 us-gaap Allowance For Uncollectible Customers Liability For Acceptances
AllowanceForUncollectibleCustomersLiabilityForAcceptances
0
CY2022 str Impairment Of Proved Oil And Natural Gas Properties
ImpairmentOfProvedOilAndNaturalGasProperties
0
CY2021 str Impairment Of Proved Oil And Natural Gas Properties
ImpairmentOfProvedOilAndNaturalGasProperties
0
CY2020 str Impairment Of Proved Oil And Natural Gas Properties
ImpairmentOfProvedOilAndNaturalGasProperties
0
CY2022 str Impairment Of Unproved Properties
ImpairmentOfUnprovedProperties
0
CY2021 str Impairment Of Unproved Properties
ImpairmentOfUnprovedProperties
0
CY2020 str Impairment Of Unproved Properties
ImpairmentOfUnprovedProperties
812000
CY2022 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Derivative Financial Instruments</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In order to manage its exposure to oil, natural gas, and NGL price volatility as well as interest rate volatility, the Company may periodically enter into derivative transactions, which may include commodity swap agreements, basis swap agreements, two- and three-way collars, and other similar agreements which help manage the price risk associated with the Company’s production. From time to time, the Company may periodically enter into various interest rate derivative contracts to manage exposures to changes in interest rates from variable rate obligations. These derivatives are not entered into for trading or speculative purposes. To the extent legal right of offset exists with a counterparty, the Company reports derivative assets and liabilities on a net basis. The Company has exposure to credit risk to the extent that the counterparty is unable to satisfy its settlement obligations. All derivative counterparties are current lenders under Sitio's Revolving Credit Facility (defined below). Accordingly, the Company is not required to provide any credit support to its derivative counterparties other than cross collateralization with the properties securing the Sitio Revolving Credit Facility.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company records derivative instruments on its consolidated balance sheets as either assets or liabilities measured at fair value and records changes in the fair value of derivatives in current earnings as they occur. Changes in the fair value of commodity and interest rate derivatives, including gains or losses on settled derivatives, are classified as other income or loss on the Company’s consolidated statements of operations. The Company’s derivatives have not been designated as hedges for accounting purposes.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9209000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1750000
CY2022Q4 str Accrued Expences On Acquisition
AccruedExpencesOnAcquisition
2878000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2713000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
529000
CY2022Q4 str Payable To Seller For Pre Effective Monies Current
PayableToSellerForPreEffectiveMoniesCurrent
2243000
CY2021Q4 str Payable To Seller For Pre Effective Monies Current
PayableToSellerForPreEffectiveMoniesCurrent
104000
CY2022Q4 str General And Administrative Expense Current
GeneralAndAdministrativeExpenseCurrent
1931000
CY2021Q4 str General And Administrative Expense Current
GeneralAndAdministrativeExpenseCurrent
904000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1377000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
274000
CY2022Q4 str Accrued Prepaids
AccruedPrepaids
1330000
CY2022Q4 str Deferred Financing Costs And Debt Issuance Costs Payable
DeferredFinancingCostsAndDebtIssuanceCostsPayable
206000
CY2021Q4 str Deferred Financing Costs And Debt Issuance Costs Payable
DeferredFinancingCostsAndDebtIssuanceCostsPayable
13000
CY2022Q4 str Capital Expenditures Current
CapitalExpendituresCurrent
12000
CY2021Q4 str Capital Expenditures Current
CapitalExpendituresCurrent
391000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42200000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
175000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21899000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4140000
CY2022 str Percentage Of Franchise Tax On Gross Revenues Less Certain Deductions
PercentageOfFranchiseTaxOnGrossRevenuesLessCertainDeductions
0.0075
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1700000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
486000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22000
CY2022 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
The Company typically receives payment for oil, natural gas and NGL sales within 30 to 90 days of the month of delivery after initial production from the well. Such periods can extend longer due to factors outside of our control.
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
355430000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
118548000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44194000
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
3244436000
CY2021Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
817873000
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1926214000
CY2021Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
447369000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
5170650000
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1265242000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
222072000
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
118175000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
4948578000
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1147067000
CY2022 us-gaap Significant Costs Incurred To Acquire Mineral Interest Of Proved Reserves
SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves
557600000
CY2022 str Oil And Gas Properties Acquired Through Issuance Of Class A Common Stock Class C Common Stock And Common Units In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfClassACommonStockClassCCommonStockAndCommonUnitsInConsolidatedSubsidiary
3300000000
CY2021 us-gaap Significant Costs Incurred To Acquire Mineral Interest Of Proved Reserves
SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves
38500000
CY2021 str Payment Related To Purchase Price Adjustments From Prior Property Sales
PaymentRelatedToPurchasePriceAdjustmentsFromPriorPropertySales
137000000
CY2021 str Oil And Gas Properties Acquired Through Issuance Of Equity In Consolidated Subsidiary
OilAndGasPropertiesAcquiredThroughIssuanceOfEquityInConsolidatedSubsidiary
572200000
CY2020 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
35500000
CY2020 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
14100000
CY2022 us-gaap Cost Depletion
CostDepletion
103900000
CY2021 us-gaap Cost Depletion
CostDepletion
40300000
CY2020 us-gaap Cost Depletion
CostDepletion
31400000
CY2022Q2 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
800000
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
450000000.0
CY2022Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
425000000.0
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
11500000
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74347005
CY2022Q4 str Treasury Stock Par Or Stated Value Per Share
TreasuryStockParOrStatedValuePerShare
30.15
CY2022 us-gaap Net Income Loss
NetIncomeLoss
15701000
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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15122000
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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13723000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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13723000
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1.10
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1.10
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5614000
CY2022 str Earn Out Received As Part Of Consideration
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0
CY2022Q4 us-gaap Partners Capital
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0
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2000000000.0
CY2022Q4 us-gaap Minority Interest
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2200000000
CY2022 us-gaap Allocated Share Based Compensation Expense
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9200000
CY2021 us-gaap Allocated Share Based Compensation Expense
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0
CY2020 us-gaap Allocated Share Based Compensation Expense
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0
CY2022 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
579000
CY2021 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2020 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
0
CY2020 str Impairment Of Proved Oil And Natural Gas Properties
ImpairmentOfProvedOilAndNaturalGasProperties
0
CY2022Q4 str Unamortized Equity Based Compensation Expense
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526000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P0Y4M24D
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Debt Instrument Description
DebtInstrumentDescription
As a result of the Falcon Merger, the Company’s Warrants were adjusted such that four whole Public Warrants became exercisable for one share of Class A Common Stock at an exercise price of $44.84 per share of Class A Common Stock. Pursuant to the Warrant Agreement, to the extent that any common stock dividend paid by the Company, when combined with other common stock dividends paid in the prior 365 days, exceeds $2.00, it is categorized as an Extraordinary Dividend. Extraordinary Dividends reduce, penny for penny, the exercise price of the Warrants. As of December 31, 2022, the exercise price of the Warrants was $44.63 after giving effect to the Reverse Stock Split and after the Extraordinary Dividends that were paid subsequent to the Falcon Merger. The Public Warrants will expire in August 2023 or earlier upon redemption or liquidation. The Company may call the Public Warrants for redemption, in whole and not in part, at a price of $0.01 per warrant with not less than 30 days’ notice provided to the Public Warrant holders. However, this redemption right can only be exercised if the last sale price of the Class A Common Stock equals or exceeds $72.00 per share, after giving effect to the Reverse Stock Split, for any 20 trading days within a 30-day trading period ending three business days before we send the notice of redemption to the Public Warrant holders.
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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0
CY2022 str Impairment Of Proved Oil And Natural Gas Properties
ImpairmentOfProvedOilAndNaturalGasProperties
0
CY2021 str Impairment Of Proved Oil And Natural Gas Properties
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CY2022 us-gaap Operating Lease Expense
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CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
540000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
435000
CY2022 us-gaap Sublease Income
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Liability
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P5Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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1563000
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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875000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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1331000
CY2022Q4 us-gaap Operating Lease Liability
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316600000
CY2021 str Effective Income Tax Rate Reconciliation State And Federal Percent
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22000
CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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47981000
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CY2021 str Income Loss From Continuing Operations Before Income Taxes Attributable To Predecessor
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToPredecessor
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CY2020 str Income Loss From Continuing Operations Before Income Taxes Attributable To Predecessor
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CY2022 str Income Loss Before Taxes Attributable To Temporary Equity
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CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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CY2022 str Income Before Tax Attributable To Stockholders
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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4171000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1707000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 str Income Tax Reconciliation Nondeductible Transaction Cost
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CY2022 str Income Tax Reconciliation Warrant Liability Adjustments
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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486000
CY2021 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2022Q2 us-gaap Deferred Tax Liabilities
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CY2022 us-gaap Dividends Payable Nature
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On March 8, 2023, the Company declared a cash dividend of $0.60 per share of Class A Common Stock with respect to the fourth quarter of 2022. The dividend is payable on March 31, 2023 to the stockholders of record at the close of business on March 17, 2023.
CY2022Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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CY2021Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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CY2022Q4 us-gaap Capitalized Costs Mineral Interests In Proved Properties
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CY2021Q4 us-gaap Capitalized Costs Mineral Interests In Proved Properties
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CY2021Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
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CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
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CY2021 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2021 us-gaap Results Of Operations Income Tax Expense
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CY2020 us-gaap Results Of Operations Income Tax Expense
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CY2022 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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220279000
CY2021 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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70810000
CY2020 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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8753000
CY2019Q4 srt Proved Developed And Undeveloped Reserve Net Energy
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12695000
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CY2020 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
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CY2020 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
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CY2020 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
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234000
CY2020 srt Proved Developed And Undeveloped Reserve Production Energy
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2110000
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11800000
CY2021 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
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CY2021 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
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CY2021 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
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CY2022 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
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CY2022 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
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CY2021Q4 srt Proved Developed Reserves Volume
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CY2020 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
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CY2022Q4 str Future Net Cash Flows Relating To Proved Oil And Gas Reserves Sales
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CY2021Q4 str Future Net Cash Flows Relating To Proved Oil And Gas Reserves Sales
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CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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437910000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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183225000
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
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CY2021 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
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CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
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CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
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329858000
CY2021 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
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111691000
CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
41043000
CY2022 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
234973000
CY2021 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
29853000
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
25196000
CY2022 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
1645909000
CY2021 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
326192000
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
9137000
CY2020 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
3563000
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
40803000
CY2021 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
43843000
CY2020 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-18140000
CY2022 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-244815000
CY2021 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-2205000
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
343000
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
53820000
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
12426000
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
18427000
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-9969000
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-6667000
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
9888000
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2177055000
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
535303000
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
123559000

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