2021 Q4 Form 10-K Financial Statement

#000152812922000040 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $470.2M $379.3M $1.394B
YoY Change 150.03% 118.53% 105.86%
Cost Of Revenue $138.4M $129.3M $473.4M
YoY Change 42.56% 51.17% 30.2%
Gross Profit $331.8M $250.0M $920.7M
YoY Change 265.01% 184.09% 193.58%
Gross Profit Margin 70.56% 65.92% 66.04%
Selling, General & Admin $13.62M $15.01M $110.7M
YoY Change -13.8% 30.5% 10.21%
% of Gross Profit 4.1% 6.0% 12.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.59M $62.68M $215.4M
YoY Change 76.76% 33.31% -0.8%
% of Gross Profit 22.48% 25.07% 23.39%
Operating Expenses $88.35M $79.48M $110.7M
YoY Change 49.23% 33.36% 10.21%
Operating Profit $243.4M $265.7M $720.3M
YoY Change -411.99% -258.48% -183.59%
Interest Expense -$15.79M $30.41M $113.4M
YoY Change -85.39% 13.34% 7.98%
% of Operating Profit -6.49% 11.44% 15.74%
Other Income/Expense, Net $573.0K -$126.2M -$571.7M
YoY Change -42.7% 74.95% 3388.84%
Pretax Income $219.3M $139.5M $148.7M
YoY Change -234.81% -158.17% -116.93%
Income Tax $3.052M $2.677M $3.645M
% Of Pretax Income 1.39% 1.92% 2.45%
Net Earnings $216.3M $136.8M $145.0M
YoY Change -230.34% -157.63% -116.59%
Net Earnings / Revenue 45.99% 36.08% 10.4%
Basic Earnings Per Share $13.07 $8.68 $10.18
Diluted Earnings Per Share $12.84 $8.56 $10.03
COMMON SHARES
Basic Shares Outstanding 17.07M shares 15.76M shares 14.24M shares
Diluted Shares Outstanding 15.99M shares 14.46M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.80M $51.40M $56.80M
YoY Change 16.39% 27.53% 16.39%
Cash & Equivalents $56.80M $51.40M $56.80M
Short-Term Investments
Other Short-Term Assets $22.91M $17.22M $17.09M
YoY Change 43.49% -3.4% -14.97%
Inventory $10.16M $10.16M
Prepaid Expenses
Receivables $151.8M $122.7M $151.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $235.9M $194.5M $235.9M
YoY Change 72.68% -2.49% 72.66%
LONG-TERM ASSETS
Property, Plant & Equipment $2.250B $1.967B $2.262B
YoY Change 76.94% 47.33% 75.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.86M $46.35M $54.30M
YoY Change 101.12% 179.01% 233.15%
Total Long-Term Assets $2.316B $2.064B $2.316B
YoY Change 77.33% 49.4% 77.33%
TOTAL ASSETS
Total Short-Term Assets $235.9M $194.5M $235.9M
Total Long-Term Assets $2.316B $2.064B $2.316B
Total Assets $2.552B $2.259B $2.552B
YoY Change 76.89% 42.85% 76.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.39M $61.34M $71.39M
YoY Change 86.39% 33.06% 86.39%
Accrued Expenses $58.33M $65.04M $157.8M
YoY Change 45.82% 76.26% 53.5%
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 $526.9M $574.8M $526.9M
YoY Change 166.66% 301.66% 166.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.426B $1.350B $1.426B
YoY Change 20.91% 10.74% 20.91%
Other Long-Term Liabilities $16.22M $11.01M $85.27M
YoY Change 1019.89% 1047.65% -2.21%
Total Long-Term Liabilities $1.442B $1.361B $1.511B
YoY Change 22.14% 11.56% 19.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $526.9M $574.8M $526.9M
Total Long-Term Liabilities $1.442B $1.361B $1.511B
Total Liabilities $2.038B $2.035B $2.038B
YoY Change 39.21% 41.33% 39.2%
SHAREHOLDERS EQUITY
Retained Earnings -$2.275B -$2.491B
YoY Change -5.99% 10.52%
Common Stock $2.789B $2.715B
YoY Change 16.27% 13.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $513.8M $224.1M $513.8M
YoY Change
Total Liabilities & Shareholders Equity $2.552B $2.259B $2.552B
YoY Change 76.89% 42.85% 76.89%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $216.3M $136.8M $145.0M
YoY Change -230.34% -157.63% -116.59%
Depreciation, Depletion And Amortization $74.59M $62.68M $215.4M
YoY Change 76.76% 33.31% -0.8%
Cash From Operating Activities $209.6M $99.42M $496.7M
YoY Change 90.86% -2.53% 29.55%
INVESTING ACTIVITIES
Capital Expenditures -$142.7M -$115.6M -$427.1M
YoY Change 100.98% 204.14% 20.39%
Acquisitions
YoY Change
Other Investing Activities -$136.4M -$233.6M -$369.7M
YoY Change 1027.0% -46821.8%
Cash From Investing Activities -$279.1M -$349.2M -$796.8M
YoY Change 235.81% 831.15% 104.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $72.49M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 74.90M 36.18M $308.2M
YoY Change -511.56% -190.45% 2141.64%
NET CHANGE
Cash From Operating Activities 209.6M 99.42M $496.7M
Cash From Investing Activities -279.1M -349.2M -$796.8M
Cash From Financing Activities 74.90M 36.18M $308.2M
Net Change In Cash 5.402M -213.6M $8.041M
YoY Change -36.45% -971.79% 1.78%
FREE CASH FLOW
Cash From Operating Activities $209.6M $99.42M $496.7M
Capital Expenditures -$142.7M -$115.6M -$427.1M
Free Cash Flow $352.3M $215.0M $923.8M
YoY Change 94.83% 53.56% 25.15%

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CY2020 us-gaap Gain Loss On Sale Of Oil And Gas Property
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CY2019 us-gaap Gain Loss On Sale Of Oil And Gas Property
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CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2020 us-gaap Gain Loss On Derivative Instruments Net Pretax
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80114000 USD
CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
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79151000 USD
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-320868000 USD
CY2020 lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
228221000 USD
CY2019 lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
63221000 USD
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0 USD
CY2020 lpi Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net
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6340000 USD
CY2019 lpi Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net
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-5409000 USD
CY2021 lpi Premiums Paid Received For Derivative Financial Instruments
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-9041000 USD
CY2020 lpi Premiums Paid Received For Derivative Financial Instruments
PremiumsPaidReceivedForDerivativeFinancialInstruments
51070000 USD
CY2019 lpi Premiums Paid Received For Derivative Financial Instruments
PremiumsPaidReceivedForDerivativeFinancialInstruments
9063000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5146000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4321000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3341000 USD
CY2021 lpi Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
13609000 USD
CY2020 lpi Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
13070000 USD
CY2019 lpi Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
14563000 USD
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GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2321000 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-3946000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2588000 USD
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
13564000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
5332000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
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3887000 USD
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IncreaseDecreaseInAccountsReceivable
87831000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21117000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8924000 USD
CY2021 us-gaap Increase Decrease In Other Current Assets
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8767000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-6275000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
14059000 USD
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8782000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6768000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2327000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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31387000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2242000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-28983000 USD
CY2021 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
81201000 USD
CY2020 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
-8395000 USD
CY2019 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
-16037000 USD
CY2021 us-gaap Increase Decrease In Other Current Liabilities
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33331000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
19944000 USD
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CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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383390000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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475074000 USD
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CY2020 us-gaap Payments To Acquire Oil And Gas Property
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CY2019 us-gaap Payments To Acquire Oil And Gas Property
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CY2020 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
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CY2019 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
458985000 USD
CY2021 lpi Payments To Acquire Midstream Service Assets
PaymentsToAcquireMidstreamServiceAssets
2849000 USD
CY2020 lpi Payments To Acquire Midstream Service Assets
PaymentsToAcquireMidstreamServiceAssets
3171000 USD
CY2019 lpi Payments To Acquire Midstream Service Assets
PaymentsToAcquireMidstreamServiceAssets
7910000 USD
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5931000 USD
CY2020 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4259000 USD
CY2019 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
2433000 USD
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393742000 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1337000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6901000 USD
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-796811000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-389238000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-661711000 USD
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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570000000 USD
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
80000000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
275000000 USD
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
720000000 USD
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
200000000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
90000000 USD
CY2021 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2020 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
846994000 USD
CY2019 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
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ProceedsFromIssuanceOfCommonStock
72492000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2596000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
779000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2657000 USD
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CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18479000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2971000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
308181000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13748000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
182343000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8041000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7900000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4294000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48757000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40857000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45151000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56798000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48757000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40857000 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:7.818%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:89.982%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#2e75b6;border-bottom:1pt solid #002060;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ffffff;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Note 1</span></div></td><td colspan="3" style="border-bottom:1pt solid #002060;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#002060;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:130%">Organization</span></td></tr></table>Laredo Petroleum, Inc. ("Laredo"), together with its wholly-owned subsidiaries, Laredo Midstream Services, LLC ("LMS") and Garden City Minerals, LLC ("GCM"), is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin of West Texas. The Company has identified one operating segment: exploration and production. In these notes, the "Company" refers to Laredo, LMS and GCM collectively, unless the context indicates otherwise. All amounts, dollars and percentages presented in these consolidated financial statements and the related notes are rounded and, therefore, approximate.
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 operating_segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ.Significant estimates include, but are not limited to, (i) volumes of the Company's reserves of oil, natural gas liquids ("NGL") and natural gas, (ii) future cash flows from oil and natural gas properties, (iii) depletion, depreciation and amortization, (iv) impairments, (v) asset retirement obligations, (vi) equity-based compensation, (vii) deferred income taxes, (viii) fair values of assets acquired and liabilities assumed in an acquisition, (ix) fair values of derivatives and deferred premiums and (x) contingent assets or liabilities. As fair value is a market-based measurement, it is determined based on the assumptions that would be used by market participants. These estimates and assumptions are based on management's best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Such estimates and assumptions are adjusted when facts and circumstances dictate. Illiquid credit markets and volatile equity and energy markets may increase the uncertainty inherent in such estimates and assumptions. Management believes its estimates and assumptions to be reasonable under the circumstances. As future events and their effects cannot be determined with precision, actual values and results could differ from these estimates. Any changes in estimates resulting from future changes in the economic environment will be reflected in the financial statements in future periods.
CY2021Q4 lpi Accounts Receivable Oil And Gas Sales Net Current
AccountsReceivableOilAndGasSalesNetCurrent
135560000 USD
CY2020Q4 lpi Accounts Receivable Oil And Gas Sales Net Current
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46714000 USD
CY2021Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
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11491000 USD
CY2020Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
2753000 USD
CY2021Q4 lpi Accounts Receivable Purchased Oil And Other Product Sales Current
AccountsReceivablePurchasedOilAndOtherProductSalesCurrent
4756000 USD
CY2020Q4 lpi Accounts Receivable Purchased Oil And Other Product Sales Current
AccountsReceivablePurchasedOilAndOtherProductSalesCurrent
5083000 USD
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
0 USD
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
9426000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
151807000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
63976000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12746000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12768000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
10160000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
72003000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
3196000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
22906000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
15964000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
56468000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
42401000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14434000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16687000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
28569000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3678000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
99471000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
62766000 USD
CY2021Q4 lpi Average Working Interest Core Operating Producing Wells Percent
AverageWorkingInterestCoreOperatingProducingWellsPercent
0.96
CY2020Q4 lpi Average Working Interest Core Operating Producing Wells Percent
AverageWorkingInterestCoreOperatingProducingWellsPercent
0.96
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
68326000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
62718000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
14610000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2252000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4233000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4430000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
15186000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1074000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
20000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
68326000 USD
CY2021 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
876000 USD
CY2020 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
464000 USD
CY2019 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
468000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5866000 USD
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3019000 USD
CY2019 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
805000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
94867000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
77401000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
58216000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2129000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3187000 USD
CY2021 lpi Asset Acquisition Contingent Consideration Fair Value Disclosureasof Acquisition Date
AssetAcquisitionContingentConsiderationFairValueDisclosureasofAcquisitionDate
33832000 USD
CY2020 lpi Asset Acquisition Contingent Consideration Fair Value Disclosureasof Acquisition Date
AssetAcquisitionContingentConsiderationFairValueDisclosureasofAcquisitionDate
-225000 USD
CY2019 lpi Asset Acquisition Contingent Consideration Fair Value Disclosureasof Acquisition Date
AssetAcquisitionContingentConsiderationFairValueDisclosureasofAcquisitionDate
-6150000 USD
CY2021 lpi Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
22310000 USD
CY2020 lpi Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
-8053000 USD
CY2019 lpi Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
6353000 USD
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1583000 USD
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3418000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4470000 USD
CY2021 lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
14610000 USD
CY2020 lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
2252000 USD
CY2019 lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
4755000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7742000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2349000 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
15894000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
15094000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
83471000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
82576000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
6873000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
10218000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
1057000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
1032000 USD
CY2021 us-gaap Lease Cost
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105181000 USD
CY2020 us-gaap Lease Cost
LeaseCost
106856000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4065000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5910000 USD
CY2021 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
12569000 USD
CY2020 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
9425000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M13D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0741
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0772
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8399000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1925000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1428000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1423000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1348000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
666000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15189000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1721000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13468000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7742000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5726000 USD
CY2021 lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
18225000 USD
CY2020 lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
18954000 USD
CY2019 lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
18299000 USD
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
201691000 USD
CY2020 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
203492000 USD
CY2019 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
250857000 USD
CY2021 lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
6.76
CY2020 lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
6.34
CY2019 lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
8.50
CY2021 lpi Discount Rate Full Cost Ceiling
DiscountRateFullCostCeiling
0.10
CY2021 lpi Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense
UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense
0 USD
CY2020 lpi Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense
UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense
889453000 USD
CY2019 lpi Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense
UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense
620565000 USD
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
34590000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
32011000 USD
CY2020Q4 lpi Bond Repurchase Program Authorized Amount
BondRepurchaseProgramAuthorizedAmount
50000000 USD
CY2021Q4 lpi Unrestrictedand Unencumbered Cashand Cash Equivalents Maximum
UnrestrictedandUnencumberedCashandCashEquivalentsMaximum
50000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
14686000 USD
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
18479000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
0 USD
CY2021 lpi Write Off Of Deferred Debt Issuance Cost Including Gain Loss On Extinguishment Of Debt
WriteOffOfDeferredDebtIssuanceCostIncludingGainLossOnExtinguishmentOfDebt
0 USD
CY2020 lpi Write Off Of Deferred Debt Issuance Cost Including Gain Loss On Extinguishment Of Debt
WriteOffOfDeferredDebtIssuanceCostIncludingGainLossOnExtinguishmentOfDebt
6163000 USD
CY2019 lpi Write Off Of Deferred Debt Issuance Cost Including Gain Loss On Extinguishment Of Debt
WriteOffOfDeferredDebtIssuanceCostIncludingGainLossOnExtinguishmentOfDebt
935000 USD
CY2021Q4 lpi Debt Issuance Costs Including Line Of Credit Arrangements Net
DebtIssuanceCostsIncludingLineOfCreditArrangementsNet
26200000 USD
CY2020Q4 lpi Debt Issuance Costs Including Line Of Credit Arrangements Net
DebtIssuanceCostsIncludingLineOfCreditArrangementsNet
17000000 USD
CY2021Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
27200000 USD
CY2020Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
22100000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense Year One
DebtIssuanceCostsFutureAmortizationExpenseYearOne
6165000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense Year Two
DebtIssuanceCostsFutureAmortizationExpenseYearTwo
6165000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense Year Three
DebtIssuanceCostsFutureAmortizationExpenseYearThree
6165000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense Year Four
DebtIssuanceCostsFutureAmortizationExpenseYearFour
2894000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense Year Five
DebtIssuanceCostsFutureAmortizationExpenseYearFive
1735000 USD
CY2021Q4 lpi Debt Issuance Costs Future Amortization Expense After Year Five
DebtIssuanceCostsFutureAmortizationExpenseAfterYearFive
3079000 USD
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
26203000 USD
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
100733000 USD
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
80420000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
59021000 USD
CY2021 lpi Amortization Of Financing Costs And Other Adjustments
AmortizationOfFinancingCostsAndOtherAdjustments
4451000 USD
CY2020 lpi Amortization Of Financing Costs And Other Adjustments
AmortizationOfFinancingCostsAndOtherAdjustments
3708000 USD
CY2019 lpi Amortization Of Financing Costs And Other Adjustments
AmortizationOfFinancingCostsAndOtherAdjustments
3111000 USD
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
14067000 USD
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
23900000 USD
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
220000 USD
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
119251000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
108028000 USD
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
62352000 USD
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
5866000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3019000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
805000 USD
CY2021 us-gaap Interest Expense
InterestExpense
113385000 USD
CY2020 us-gaap Interest Expense
InterestExpense
105009000 USD
CY2019 us-gaap Interest Expense
InterestExpense
61547000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1443957000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18099000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1425858000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1193957000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14691000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1179266000 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
22500000 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q2 lpi Stock Shares Authorized
StockSharesAuthorized
72500000 shares
CY2021Q1 us-gaap Share Price
SharePrice
34.24
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16028000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9207000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8290000 USD
CY2021Q4 lpi Derivative Number Of Types Of Instruments Held
DerivativeNumberOfTypesOfInstrumentsHeld
3 derivative
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-452175000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
80114000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
79151000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-142500000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-142500000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-35984000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-35984000 USD
CY2020Q2 lpi Asset Acquisition Contingent Consideration Fair Value Disclosure
AssetAcquisitionContingentConsiderationFairValueDisclosure
200000 USD
CY2020Q4 lpi Asset Acquisition Contingent Consideration Fair Value Disclosure
AssetAcquisitionContingentConsiderationFairValueDisclosure
800000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
145008000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-874173000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-342459000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14240000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11668000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11565000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14464000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11668000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11565000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.18
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.18
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-74.92
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-29.61
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.03
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.03
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-74.92
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-29.61
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1324000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2321000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3946000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2588000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3645000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3946000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2588000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
31217000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-184405000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-72460000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-45717000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
182634000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
69316000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
13640000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3274000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2903000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1863000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1231000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
728000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2419000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3645000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3946000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2588000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
445426000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
444031000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
39504000 USD
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
22231000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
11123000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
22494000 USD
CY2021Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
36639000 USD
CY2020Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
7166000 USD
CY2021Q4 lpi Deferred Tax Assets Liabilities Gain Loss On Sale Of Assets
DeferredTaxAssetsLiabilitiesGainLossOnSaleOfAssets
-14364000 USD
CY2020Q4 lpi Deferred Tax Assets Liabilities Gain Loss On Sale Of Assets
DeferredTaxAssetsLiabilitiesGainLossOnSaleOfAssets
-8458000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3227000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3130000 USD
CY2021Q4 lpi Deferred Tax Assets Gross Net
DeferredTaxAssetsGrossNet
442547000 USD
CY2020Q4 lpi Deferred Tax Assets Gross Net
DeferredTaxAssetsGrossNet
490594000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
443390000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
489116000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
843000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1478000 USD
CY2021Q4 lpi Tax Cuts And Jobs Act Of2017 Net Operating Loss Carryforward That Will Not Expire
TaxCutsAndJobsActOf2017NetOperatingLossCarryforwardThatWillNotExpire
376200000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
443400000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
4100000 USD
CY2019 lpi Tax Benefit Received From Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
TaxBenefitReceivedFromDeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
2000000 USD
CY2020 lpi Tax Benefit Received From Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
TaxBenefitReceivedFromDeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
2100000 USD
CY2019 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
42500000 USD
CY2021 lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
4400000 USD
CY2020 lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
4000000 USD
CY2021Q4 lpi Minimum Volume Commitments Deficiency Payments Liability
MinimumVolumeCommitmentsDeficiencyPaymentsLiability
4700000 USD
CY2020Q4 lpi Minimum Volume Commitments Deficiency Payments Liability
MinimumVolumeCommitmentsDeficiencyPaymentsLiability
3500000 USD
CY2019 lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
900000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 USD
CY2021Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
14 senior_officer
CY2021Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.05
CY2020Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
22 employee
CY2019Q2 lpi Number Of Senior Officers Retired
NumberOfSeniorOfficersRetired
2 senior_officer
CY2019Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.20
CY2021 us-gaap Restructuring Charges
RestructuringCharges
9800000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
4200000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
16371000 USD
CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
899128000 USD
CY2020 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
11368000 USD
CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
126372000 USD
CY2021 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
198770000 USD
CY2020 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
25549000 USD
CY2019 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
83738000 USD
CY2021 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
33482000 USD
CY2020 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
17337000 USD
CY2019 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
19954000 USD
CY2021 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
410855000 USD
CY2020 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
326823000 USD
CY2019 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
450501000 USD
CY2021 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1542235000 USD
CY2020 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
381077000 USD
CY2019 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
680565000 USD
CY2021Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
8968668000 USD
CY2020Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
7874932000 USD
CY2021Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
170033000 USD
CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
70020000 USD
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
9138701000 USD
CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
7944952000 USD
CY2021Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
7019670000 USD
CY2020Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
6817949000 USD
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
2119031000 USD
CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
1127003000 USD
CY2021 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
166158000 USD
CY2020 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
784000 USD
CY2019 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
1902000 USD
CY2018 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
1189000 USD
CY2021Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
170033000 USD
CY2021 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
1147143000 USD
CY2020 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
496355000 USD
CY2019 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
706548000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
101994000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
82020000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
90786000 USD
CY2021 us-gaap Production Tax Expense
ProductionTaxExpense
68742000 USD
CY2020 us-gaap Production Tax Expense
ProductionTaxExpense
33050000 USD
CY2019 us-gaap Production Tax Expense
ProductionTaxExpense
40712000 USD
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
47916000 USD
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
49927000 USD
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
25397000 USD
CY2021 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
218652000 USD
CY2020 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
164997000 USD
CY2019 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
156895000 USD
CY2021 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
201691000 USD
CY2020 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
203492000 USD
CY2019 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
250857000 USD
CY2021 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
4018000 USD
CY2020 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
4227000 USD
CY2019 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
3926000 USD
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
889453000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
620565000 USD
CY2021 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
14456000 USD
CY2020 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
0 USD
CY2019 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-3257000 USD
CY2021 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
220165000 USD
CY2020 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
1097172000 USD
CY2019 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
872091000 USD
CY2021 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
708326000 USD
CY2020 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-765814000 USD
CY2019 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-322438000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2021 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1
CY2019 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1
CY2020 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1
CY2021 lpi Number Of Reportable Reserves Streams
NumberOfReportableReservesStreams
3 reserve_stream
CY2020 lpi Number Of Reportable Reserves Streams
NumberOfReportableReservesStreams
3 reserve_stream
CY2019 lpi Number Of Reportable Reserves Streams
NumberOfReportableReservesStreams
3 reserve_stream
CY2020Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
278228000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
38709000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
19369000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
100286000 Boe
CY2021 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservesSaleOfMineralInPlaceEnergy
88125000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
29827000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
9049000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
40078000 Boe
CY2021Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
318640000 Boe
CY2020Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
253586000 Boe
CY2021Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
232048000 Boe
CY2020Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
24642000 Boe
CY2021Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
86592000 Boe
CY2019Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
293377000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
1430000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
7888000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
7650000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
32117000 Boe
CY2020Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
278228000 Boe
CY2019Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
243628000 Boe
CY2020Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
253586000 Boe
CY2019Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
49749000 Boe
CY2020Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
24642000 Boe
CY2018Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
238167000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
35605000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
29522000 Boe
CY2019Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
293377000 Boe
CY2018Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
217105000 Boe
CY2019Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
243628000 Boe
CY2018Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
21062000 Boe
CY2019Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
49749000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
38709000 Boe
CY2021 srt Development Wells Drilled Net Productive
DevelopmentWellsDrilledNetProductive
6 location
CY2021 srt Development Wells Drilled Net Nonproductive
DevelopmentWellsDrilledNetNonproductive
12 location
CY2021 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
19369000 Boe
CY2021 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservesSaleOfMineralInPlaceEnergy
88125000 Boe
CY2021 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
100286000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
1430000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
7888000 Boe
CY2020 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
7650000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
9049000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
40078000 Boe
CY2019 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
35605000 Boe
CY2019 lpi Numberof New Proved Undeveloped Locations
NumberofNewProvedUndevelopedLocations
86 location
CY2021Q4 lpi Future Net Cash Flow Discount Rate For Impairment Of Oil And Gas Properties
FutureNetCashFlowDiscountRateForImpairmentOfOilAndGasProperties
0.10
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
889500000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
620600000 USD
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
11846148000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
3824104000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
5702580000 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
3595524000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
1740537000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
1994732000 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
1064527000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
351568000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
615839000 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
774461000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
20076000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
24392000 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
6411636000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
1711923000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
3067617000 USD
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
2986324000 USD
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
697069000 USD
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1405356000 USD
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3425312000 USD
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1014854000 USD
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1662261000 USD
CY2021Q4 lpi Future Net Cash Flow Discount Rate For Impairment Of Oil And Gas Properties
FutureNetCashFlowDiscountRateForImpairmentOfOilAndGasProperties
0.10
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1014854000 USD
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1662261000 USD
CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2114237000 USD
CY2021 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
934440000 USD
CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
331358000 USD
CY2019 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
549653000 USD
CY2021 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
426060000 USD
CY2020 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
199000 USD
CY2019 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
36182000 USD
CY2021 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
293511000 USD
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
60004000 USD
CY2019 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
361479000 USD
CY2021 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
1572662000 USD
CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-770885000 USD
CY2019 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-900019000 USD
CY2021 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
134091000 USD
CY2019 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
46939000 USD
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-213173000 USD
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-36004000 USD
CY2020 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
64146000 USD
CY2019 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
14876000 USD
CY2021 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
169376000 USD
CY2020 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
186261000 USD
CY2019 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
158631000 USD
CY2021 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
1509087000 USD
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
14208000 USD
CY2019 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
207636000 USD
CY2021 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
369601000 USD
CY2020 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
0 USD
CY2019 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
0 USD
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
102607000 USD
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
167227000 USD
CY2019 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
217119000 USD
CY2021 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-279722000 USD
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-1205000 USD
CY2019 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-45166000 USD
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3425312000 USD
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1014854000 USD
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1662261000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250230000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
294371000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
379250000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
470224000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
102803000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
108347000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
265736000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
243449000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-75439000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-132661000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
136832000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
216276000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.33
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-10.47
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.68
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.07
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.33
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-10.47
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.56
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.84
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
204992000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110588000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
173547000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
188065000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-181972000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-434052000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-167678000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-78031000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
74646000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-545455000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-237432000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-165932000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.43
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-46.75
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-20.32
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-14.18
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.39
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-46.75
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-20.32
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-14.18

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