Subsequent events	6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent events	Subsequent events Point Acquisition On July 27, 2024, the Company entered into a purchase and sale agreement with Northern Oil and Gas, Inc. ("NOG") and Point Energy Partners Petroleum, LLC, Point Energy Partners Operating, LLC, Point Energy Partners Water, LLC and Point Energy Partners Royalty, LLC (together, “Point”), pursuant to which the Company and NOG agreed to purchase (the “Point Acquisition”) Point’s oil and natural gas properties in the Delaware Basin, including approximately 16,300 net acres located in Ward and Winkler Counties and related assets and contracts, for an aggregate purchase price of $1.1 billion of cash, subject to purchase price adjustments and customary closing adjustments. The Company agreed to purchase 80% of the acquired assets for $880.0 million and will operate the assets, and NOG agreed to purchase the remaining 20% of the assets for $220.0 million. Senior Secured Credit Facility Subsequent to June 30, 2024, the Company borrowed $50.0 million on the Senior Secured Credit Facility. As a result, the outstanding balance under the Senior Secured Credit Facility was $140.0 million as of August 7, 2024. Upon closing of the Point Acquisition, the Company expects its aggregate elected commitment will be increased to $1.5 billion.

Subsequent events

6 Months Ended

Jun. 30, 2024

Point Acquisition

On July 27, 2024, the Company entered into a purchase and sale agreement with Northern Oil and Gas, Inc. ("NOG") and Point Energy Partners Petroleum, LLC, Point Energy Partners Operating, LLC, Point Energy Partners Water, LLC and Point Energy Partners Royalty, LLC (together, “Point”), pursuant to which the Company and NOG agreed to purchase (the “Point Acquisition”) Point’s oil and natural gas properties in the Delaware Basin, including approximately 16,300 net acres located in Ward and Winkler Counties and related assets and contracts, for an aggregate purchase price of $1.1 billion of cash, subject to purchase price adjustments and customary closing adjustments. The Company agreed to purchase 80% of the acquired assets for $880.0 million and will operate the assets, and NOG agreed to purchase the remaining 20% of the assets for $220.0 million.

Senior Secured Credit Facility

Subsequent to June 30, 2024, the Company borrowed $50.0 million on the Senior Secured Credit Facility. As a result, the outstanding balance under the Senior Secured Credit Facility was $140.0 million as of August 7, 2024. Upon closing of the Point Acquisition, the Company expects its aggregate elected commitment will be increased to $1.5 billion.