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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 209,908 $ 252,407
Restricted cash - other 1,384 1,537
Accounts receivable, net 23,264 22,166
Prepaid expenses 1,674 430
Other current assets 932 1,314
Total current assets 237,162 277,854
Oil and natural gas properties, using full cost method of accounting    
Proved 1,545,318 1,538,724
Unproved 9,861 11,197
Less: accumulated depreciation, depletion and impairment (1,399,863) (1,393,801)
Net oil and natural gas properties capitalized costs 155,316 156,120
Other property, plant and equipment, net 83,312 86,493
Other assets 3,212 3,130
Deferred tax assets, net of valuation allowance 50,569 50,569
Total assets 529,571 574,166
Current liabilities    
Accounts payable and accrued expenses 35,694 38,828
Asset retirement obligations 9,789 9,851
Other current liabilities 674 645
Total current liabilities 46,157 49,324
Asset retirement obligations 56,544 54,553
Other long-term obligations 2,063 2,178
Total liabilities 104,764 106,055
Commitments and contingencies (Note 6)
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 37,182 issued and outstanding at June 30, 2024 and 37,091 issued and outstanding at December 31, 2023 37 37
Additional paid-in capital 1,007,798 1,071,021
Accumulated deficit (583,028) (602,947)
Total stockholders’ equity 424,807 468,111
Total liabilities and stockholders’ equity $ 529,571 $ 574,166