Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,581 $ 3,260
Accounts receivable—oil and natural gas sales 316,897 232,854
Accounts receivable—joint interest and other 24,494 20,383
Prepaid expenses and other current assets 9,249 12,359
Short-term derivative instruments 24,487 4,695
Total current assets 381,708 273,551
Property and equipment:    
Proved oil and natural gas properties 2,145,712 1,917,833
Unproved properties 198,229 211,007
Other property and equipment 5,673 5,329
Total property and equipment 2,349,614 2,134,169
Less: accumulated depletion, depreciation and amortization (403,065) (278,341)
Total property and equipment, net 1,946,549 1,855,828
Other assets:    
Long-term derivative instruments 26,394 18,664
Operating lease assets 225 322
Other assets 19,785 19,867
Total other assets 46,404 38,853
Total assets 2,374,661 2,168,232
Current liabilities:    
Accounts payable and accrued liabilities 453,088 394,011
Short-term derivative instruments 674,404 240,735
Current portion of operating lease liabilities 164 182
Total current liabilities 1,127,656 634,928
Non-current liabilities:    
Long-term derivative instruments 306,389 184,580
Asset retirement obligation 29,663 28,264
Non-current operating lease liabilities 60 140
Long-term debt 673,048 712,946
Total non-current liabilities 1,009,160 925,930
Total liabilities 2,136,816 1,560,858
Commitments and contingencies (Note 7)
Mezzanine Equity:    
#REF! 53,172 57,896
Stockholders’ Equity:    
Common stock - $0.0001 par value, 42.0 million shares authorized, 20.1 million issued and outstanding at June 30, 2022, and 20.6 million issued and outstanding at December 31, 2021 2 2
Additional paid-in capital 542,700 692,521
Common stock held in reserve, 62 thousand shares at June 30, 2022, and 938 thousand shares at December 31, 2021 (1,996) (30,216)
Accumulated deficit (348,224) (112,829)
Treasury stock, at cost - 94.3 thousand at June 30, 2022, and no shares at December 31, 2021 (7,809) 0
Total stockholders’ equity 184,673 549,478
Total liabilities, mezzanine equity and stockholders’ equity $ 2,374,661 $ 2,168,232