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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 8,933 $ 8,195
Accounts Receivable, Net 389,673 370,531
Advances to Operators 12,291 49,210
Prepaid Expenses and Other 5,271 2,489
Derivative Instruments 46,525 75,733
Income Tax Receivable 38,050 3,249
Total Current Assets 500,743 509,407
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 10,307,376 8,428,518
Unproved 42,702 36,785
Other Property and Equipment 8,197 8,069
Total Property and Equipment 10,358,275 8,473,372
Less – Accumulated Depreciation, Depletion and Impairment (5,276,105) (4,541,808)
Total Property and Equipment, Net 5,082,170 3,931,563
Derivative Instruments 9,832 10,725
Acquisition Deposit 0 17,094
Other Noncurrent Assets, Net 11,077 15,466
Total Assets 5,603,822 4,484,255
Current Liabilities:    
Accounts Payable 202,866 192,672
Accrued Liabilities 290,792 147,943
Accrued Interest 25,992 26,219
Derivative Instruments 19,915 16,797
Other Current Liabilities 4,705 2,130
Total Current Liabilities 544,270 385,761
Long-term Debt, Net 2,369,294 1,835,554
Derivative Instruments 93,606 105,831
Deferred Tax Liability 228,038 68,488
Asset Retirement Obligations 45,907 38,203
Other Noncurrent Liabilities 2,272 2,741
Total Liabilities 3,283,387 2,436,578
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, par value $0.001; 270,000,000 authorized; 99,113,645 shares outstanding at 12/31/2024 135,000,000 authorized; 100,761,148 shares outstanding at 12/31/2023 501 503
Additional Paid-In Capital 1,877,416 2,124,963
Retained Earnings (Deficit) 442,518 (77,790)
Total Stockholders’ Equity 2,320,435 2,047,676
Total Liabilities and Stockholders’ Equity $ 5,603,822 $ 4,484,255