v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,220 $ 1,929
Accounts receivable—oil, natural gas, and natural gas liquids sales 88,931 122,479
Accounts receivable—joint interest and other 14,274 22,221
Prepaid expenses and other current assets 5,944 16,951
Short-term derivative instruments 111,076 233,226
Total current assets 223,445 396,806
Property and equipment:    
Proved oil and natural gas properties 3,276,165 2,904,519
Unproved properties 224,370 204,233
Other property and equipment 11,314 9,165
Total property and equipment 3,511,849 3,117,917
Less: accumulated depletion, depreciation, amortization and impairment (1,137,464) (865,618)
Total property and equipment, net 2,374,385 2,252,299
Other assets:    
Long-term derivative instruments 23,073 47,566
Total assets 521,723 525,156
Operating lease assets 8,666 14,299
Other assets 26,864 31,487
Total other assets 580,326 618,508
Total assets 3,178,156 3,267,613
Current liabilities:    
Accounts payable and accrued liabilities 282,413 309,532
Short-term derivative instruments 36,758 21,963
Current portion of operating lease liabilities 7,906 12,959
Total current liabilities 327,077 344,454
Non-current liabilities:    
Long-term derivative instruments 23,618 18,602
Asset retirement obligation 32,327 29,941
Non-current operating lease liabilities 760 1,340
Long-term debt 694,389 667,382
Total non-current liabilities 751,094 717,265
Total liabilities 1,078,171 1,061,719
Commitments and contingencies (Note 9)
Mezzanine equity:    
Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 43.7 thousand issued and outstanding at September 30, 2024, and 44.2 thousand issued and outstanding at December 31, 2023 43,745 44,214
Stockholders’ equity:    
Common stock - $0.0001 par value, 42.0 million shares authorized, 17.8 million issued and outstanding at September 30, 2024, and 18.3 million issued and outstanding at December 31, 2023 2 2
Additional paid-in capital 200,196 315,726
Common Stock, Value, Held For Future Issuance 0 (1,996)
Retained earnings 1,856,511 1,847,948
Treasury stock, at cost - 3.1 thousand shares at September 30, 2024 and 0 shares at December 31, 2023 (469) 0
Total stockholders’ equity 2,056,240 2,161,680
Total liabilities, mezzanine equity and stockholders’ equity $ 3,178,156 $ 3,267,613

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