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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 12,755  
Accounts receivable, net (see Note 12) 65,978 $ 80,455
Prepaid expenses and other current assets 15,953 18,789
Total current assets 94,686 99,244
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 850,387 840,310
Support equipment and facilities 147,497 147,496
Other 9,798 9,648
Accumulated depreciation, depletion and amortization (663,970) (658,162)
Property and equipment, net 343,712 339,292
Long-term derivative instruments 99 0
Restricted investments 13,406 11,326
Operating lease - long term right-of-use asset 7,088 7,376
Deferred tax asset 259,470  
Other long-term assets 871 2,240
Total assets 719,332 459,478
Current liabilities:    
Accounts payable 21,728 38,414
Revenues payable 20,328 22,105
Accrued liabilities (see Note 12) 66,645 58,449
Short-term derivative instruments 3,114 20,884
Total current liabilities 111,815 139,852
Long-term debt (see Note 7) 125,000 190,000
Asset retirement obligations 116,529 114,614
Operating lease liability 6,230 6,567
Other long-term liabilities 12,764 13,010
Total liabilities 372,338 464,043
Commitments and contingencies (see Note 14)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.01 par value: 250,000,000 shares authorized; 38,969,742 and 38,459,731 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 391 386
Additional paid-in capital 431,046 432,251
Accumulated deficit (84,443) (437,202)
Total stockholders' equity (deficit) 346,994 (4,565)
Total liabilities and equity $ 719,332 $ 459,478