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BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 9,519,000 $ 1,428,000
Accounts Receivable, Net 193,554,000 71,015,000
Advances to Operators 6,319,000 476,000
Prepaid Expenses and Other 3,417,000 1,420,000
Derivative Instruments 2,519,000 51,290,000
Total Current Assets 215,328,000 125,629,000
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 5,034,769,000 4,393,533,000
Unproved 24,998,000 10,031,000
Other Property and Equipment 2,616,000 2,451,000
Total Property and Equipment 5,062,383,000 4,406,015,000
Less – Accumulated Depreciation, Depletion and Impairment (3,809,041,000) (3,670,811,000)
Total Property and Equipment, Net 1,253,342,000 735,204,000
Derivative Instruments 1,863,000 111,000
Acquisition Deposit 40,650,000 0
Other Noncurrent Assets, Net 11,683,000 11,145,000
Total Assets 1,522,866,000 872,089,000
Current Liabilities:    
Accounts Payable 65,464,000 35,803,000
Accrued Liabilities 105,590,000 68,673,000
Accrued Interest 20,498,000 8,341,000
Derivative Instruments 134,283,000 3,078,000
Contingent Consideration 0 493,000
Other Current Liabilities 1,722,000 1,087,000
Current Portion of Long-term Debt 0 65,000,000
Total Current Liabilities 327,557,000 182,475,000
Long-term Debt, Net 803,437,000 879,843,000
Derivative Instruments 147,762,000 14,659,000
Asset Retirement Obligations 25,865,000 18,366,000
Other Noncurrent Liabilities 3,110,000 50,000
Total Liabilities 1,307,731,000 1,095,393,000
Commitments and Contingencies
Stockholders' Equity (Deficit)    
Preferred Stock, Par Value $0.001; 5,000,000 Authorized 2,218,732 Shares Outstanding at 12/31/2021 2,218,732 Shares Outstanding at 12/31/2020 2,000 2,000
Common Stock, Par Value $0.001; 135,000,000 Authorized; 77,341,921 Shares Outstanding at 12/31/2021 45,908,779 Shares Outstanding at 12/31/2020 479,000 448,000
Additional Paid-In Capital 1,988,649,000 1,556,602,000
Retained Deficit (1,773,996,000) (1,780,356,000)
Total Stockholders’ Equity (Deficit) 215,135,000 (223,304,000)
Total Liabilities and Stockholders' Equity (Deficit) $ 1,522,866,000 $ 872,089,000