v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,209 $ 1,929
Accounts receivable—oil, natural gas, and natural gas liquids sales 85,022 122,479
Accounts receivable—joint interest and other 26,366 22,221
Prepaid expenses and other current assets 5,334 16,951
Short-term derivative instruments 228,579 233,226
Total current assets 353,510 396,806
Property and equipment:    
Proved oil and natural gas properties 3,033,571 2,904,519
Unproved properties 207,644 204,233
Other property and equipment 9,984 9,165
Total property and equipment 3,251,199 3,117,917
Less: accumulated depletion, depreciation and amortization (945,646) (865,618)
Total property and equipment, net 2,305,553 2,252,299
Other assets:    
Long-term derivative instruments 45,617 47,566
Deferred tax asset 510,303 525,156
Operating lease assets 11,099 14,299
Other assets 28,000 31,487
Total other assets 595,019 618,508
Total assets 3,254,082 3,267,613
Current liabilities:    
Accounts payable and accrued liabilities 290,144 309,532
Short-term derivative instruments 37,607 21,963
Current portion of operating lease liabilities 9,949 12,959
Total current liabilities 337,700 344,454
Non-current liabilities:    
Long-term derivative instruments 16,547 18,602
Asset retirement obligation 30,710 29,941
Non-current operating lease liabilities 1,150 1,340
Long-term debt 636,442 667,382
Total non-current liabilities 684,849 717,265
Total liabilities 1,022,549 1,061,719
Commitments and contingencies (Note 9)
Mezzanine equity:    
Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, $44.2 thousand issued and outstanding at March 31, 2024, and $44.2 thousand issued and outstanding at December 31, 2023 44,203 44,214
Stockholders’ equity:    
Common stock - $0.0001 par value, 42.0 million shares authorized, 18.1 million issued and outstanding at March 31, 2024, and 18.3 million issued and outstanding at December 31, 2023 2 2
Additional paid-in capital 288,450 315,726
Common stock held in reserve, 0 shares at March 31, 2024 and 62.0 thousand shares at December 31, 2023 0 (1,996)
Retained earnings 1,898,878 1,847,948
Total stockholders’ equity 2,187,330 2,161,680
Total liabilities, mezzanine equity and stockholders’ equity $ 3,254,082 $ 3,267,613

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