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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 222,359 $ 255,722
Restricted cash - other 1,668 1,746
Accounts receivable, net 23,908 34,735
Derivative contracts 0 4,429
Prepaid expenses 1,815 523
Other current assets 4,744 7,747
Total current assets 254,494 304,902
Oil and natural gas properties, using full cost method of accounting    
Proved 1,527,475 1,507,690
Unproved 11,565 11,516
Less: accumulated depreciation, depletion and impairment (1,385,569) (1,380,574)
Net oil and natural gas properties 153,471 138,632
Other property, plant and equipment, net 89,295 92,244
Other assets 272 190
Deferred tax assets 64,529 64,529
Total assets 562,061 600,497
Current liabilities    
Accounts payable and accrued expenses 39,506 46,335
Asset retirement obligation 15,647 16,074
Other current liabilities 691 870
Total current liabilities 55,844 63,279
Asset retirement obligation 49,434 47,635
Other long-term obligations 2,085 1,661
Total liabilities 107,363 112,575
Commitments and contingencies (Note 6)
Shareholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 36,966 issued and outstanding at June 30, 2023 and 36,868 issued and outstanding at December 31, 2022 37 37
Additional paid-in capital 1,078,070 1,151,689
Accumulated deficit (623,409) (663,804)
Total shareholders’ equity 454,698 487,922
Total liabilities and shareholders’ equity $ 562,061 $ 600,497