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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 8,195 $ 2,528
Accounts Receivable, Net 370,531 271,336
Advances to Operators 49,210 8,976
Prepaid Expenses and Other 2,489 2,014
Derivative Instruments 75,733 35,293
Income Tax Receivable 3,249 338
Total Current Assets 509,407 320,485
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 8,428,518 6,492,683
Unproved 36,785 41,565
Other Property and Equipment 8,069 6,858
Total Property and Equipment 8,473,372 6,541,106
Less – Accumulated Depreciation, Depletion and Impairment (4,541,808) (4,058,180)
Total Property and Equipment, Net 3,931,563 2,482,926
Derivative Instruments 10,725 12,547
Acquisition Deposit 17,094 43,000
Other Noncurrent Assets, Net 15,466 16,220
Total Assets 4,484,255 2,875,178
Current Liabilities:    
Accounts Payable 192,672 128,582
Accrued Liabilities 147,943 121,737
Accrued Interest 26,219 24,347
Derivative Instruments 16,797 58,418
Contingent Consideration 0 10,107
Other Current Liabilities 2,130 1,781
Total Current Liabilities 385,761 344,972
Long-term Debt, Net 1,835,554 1,525,413
Derivative Instruments 105,831 225,905
Deferred Tax Liability 68,488 0
Asset Retirement Obligations 38,203 31,582
Other Noncurrent Liabilities 2,741 2,045
Total Liabilities 2,436,578 2,129,917
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, par value $0.001; 135,000,000 authorized; 100,761,148 shares outstanding at 12/31/2023 85,165,807 shares outstanding at 12/31/2022 503 487
Additional Paid-In Capital 2,124,963 1,745,532
Retained Deficit (77,790) (1,000,759)
Total Stockholders’ Equity 2,047,676 745,260
Total Liabilities and Stockholders’ Equity $ 4,484,255 $ 2,875,178