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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 206,956 $ 252,407
Restricted cash - other 1,537 1,537
Accounts receivable, net 22,316 22,166
Prepaid expenses 2,384 430
Other current assets 1,105 1,314
Total current assets 234,298 277,854
Oil and natural gas properties, using full cost method of accounting    
Proved 1,539,497 1,538,724
Unproved 11,215 11,197
Less: accumulated depreciation, depletion and impairment (1,396,534) (1,393,801)
Net oil and natural gas properties capitalized costs 154,178 156,120
Other property, plant and equipment, net 85,062 86,493
Other assets 3,250 3,130
Deferred tax assets, net of valuation allowance 50,569 50,569
Total assets 527,357 574,166
Current liabilities    
Accounts payable and accrued expenses 39,276 38,828
Asset retirement obligations 9,789 9,851
Other current liabilities 778 645
Total current liabilities 49,843 49,324
Asset retirement obligations 55,545 54,553
Other long-term obligations 2,265 2,178
Total liabilities 107,653 106,055
Commitments and contingencies (Note 6)
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 37,118 issued and outstanding at March 31, 2024 and 37,091 issued and outstanding at December 31, 2023 37 37
Additional paid-in capital 1,011,489 1,071,021
Accumulated deficit (591,822) (602,947)
Total stockholders’ equity 419,704 468,111
Total liabilities and stockholders’ equity $ 527,357 $ 574,166