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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 2,528 $ 9,519
Accounts Receivable, Net 271,336 193,554
Advances to Operators 8,976 6,319
Prepaid Expenses and Other 2,014 3,417
Derivative Instruments 35,293 2,519
Income Tax Receivable 338 0
Total Current Assets 320,485 215,328
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 6,492,683 5,034,769
Unproved 41,565 24,998
Other Property and Equipment 6,858 2,616
Total Property and Equipment 6,541,106 5,062,383
Less – Accumulated Depreciation, Depletion and Impairment (4,058,180) (3,809,041)
Total Property and Equipment, Net 2,482,926 1,253,342
Derivative Instruments 12,547 1,863
Acquisition Deposit 43,000 40,650
Other Noncurrent Assets, Net 16,220 11,683
Total Assets 2,875,178 1,522,866
Current Liabilities:    
Accounts Payable 128,582 65,464
Accrued Liabilities 121,737 105,590
Accrued Interest 24,347 20,498
Derivative Instruments 58,418 134,283
Contingent Consideration 10,107 0
Other Current Liabilities 1,781 1,722
Total Current Liabilities 344,972 327,557
Long-term Debt, Net 1,525,413 803,437
Derivative Instruments 225,905 147,762
Asset Retirement Obligations 31,582 25,865
Other Noncurrent Liabilities 2,045 3,110
Total Liabilities 2,129,917 1,307,731
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, par value $0.001; 5,000,000 authorized; zero shares outstanding at 12/31/2022 2,218,732 shares outstanding at 12/31/2021 0 2
Common Stock, par value $0.001; 135,000,000 authorized; 85,165,807 shares outstanding at 12/31/2022 77,341,921 shares outstanding at 12/31/2021 487 479
Additional Paid-In Capital 1,745,532 1,988,649
Retained Deficit (1,000,759) (1,773,996)
Total Stockholders’ Equity 745,260 215,135
Total Liabilities and Stockholders’ Equity $ 2,875,178 $ 1,522,866