Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DIVESTITURES - Narrative (Details)

v3.24.3
ACQUISITIONS AND DIVESTITURES - Narrative (Details)
$ / shares in Units, a in Thousands
 9 Months Ended
Sep. 17, 2024
USD ($)
Dec. 29, 2023
USD ($)
Sep. 27, 2023
USD ($)
Jul. 10, 2023
USD ($)
May 11, 2023
USD ($)
Aug. 31, 2022
USD ($)
a
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
$ / shares
Aug. 30, 2022
USD ($)
Jul. 01, 2014
USD ($)
ACQUISITIONS & DIVESTITURES                      
Line of credit facility, maximum borrowing capacity           $ 600,000,000         $ 1,000,000,000
Preferred stock, par value (in dollars per share) | $ / shares             $ 0.001   $ 0.001    
Asset retirement obligations             $ 26,232,994   $ 28,248,084    
Revolving Credit Facility | Truist Securities, Citizens Bank, KeyBanc Capital Markets, And Mizuho Bank Credit Facility | Line of Credit                      
ACQUISITIONS & DIVESTITURES                      
Line of credit facility, maximum borrowing capacity           1,000,000,000          
Line of credit facility, current borrowing capacity           $ 600,000,000       $ 350,000,000  
Delaware Basin                      
ACQUISITIONS & DIVESTITURES                      
Proceeds from divestiture of businesses         $ 8,300,000            
Purchase price, net of post close adjustments         7,600,000            
Decrease in asset retirement obligation         $ 2,300,000            
New Mexico Divestiture                      
ACQUISITIONS & DIVESTITURES                      
Proceeds from divestiture of businesses     $ 4,500,000                
Purchase price, net of post close adjustments     3,600,000                
Decrease in asset retirement obligation     $ 2,400,000                
Gaines County Texas                      
ACQUISITIONS & DIVESTITURES                      
Proceeds from divestiture of businesses   $ 1,500,000                  
Purchase price, net of post close adjustments   1,400,000                  
Decrease in asset retirement obligation   500,000                  
Commission fees   $ 100,000                  
CBP Vertical Well                      
ACQUISITIONS & DIVESTITURES                      
Proceeds from divestiture of businesses $ 5,500,000                    
Decrease in asset retirement obligation $ 2,700,000                    
Stronghold Acquisition                      
ACQUISITIONS & DIVESTITURES                      
Area of land | a           37          
Fair value of consideration paid to seller           $ 394,000,000          
Closing amount paid to Founders           165,900,000          
Contingent consideration           $ 15,000,000          
Payment period           6 months          
Inventory and fixed assets           $ 4,500,000          
Cash paid for realized oil derivative losses           $ 1,800,000          
Equity interest issued and issuable (in shares) | shares           21,339,986          
Shares of Preferred Stock issued (in shares) | shares           153,176          
Preferred stock, par value (in dollars per share) | $ / shares           $ 0.001          
As-converted shares of ring common stock (in shares) | shares           42,548,892          
Commodity Derivatives - Liabilities           $ 24,800,000          
Suspense liability           1,700,000          
Asset retirement obligations           $ 14,500,000          
Founders Acquisition                      
ACQUISITIONS & DIVESTITURES                      
Closing amount paid to Founders       $ 42,502,799              
Asset retirement obligations       2,090,777              
Decrease in asset retirement obligation             0 $ (2,090,777)      
Deposit in escrow       7,500,000     $ 0 $ 7,500,000      
Purchase price adjustments       10,000,000              
Deferred cash payment       $ 11,900,000