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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 20,746  
Accounts receivable, net (see Note 13) 39,096 $ 80,455
Short-term derivative instruments 17,669 0
Prepaid expenses and other current assets 20,672 18,789
Total current assets 98,183 99,244
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 873,478 840,310
Support equipment and facilities 149,069 147,496
Other 10,359 9,648
Accumulated depreciation, depletion and amortization (686,165) (658,162)
Property and equipment, net 346,741 339,292
Long-term derivative instruments 9,405 0
Restricted investments 19,935 11,326
Operating lease - long term right-of-use asset 5,756 7,376
Deferred tax asset 253,796  
Other long-term assets 3,858 2,240
Total assets 737,674 459,478
Current liabilities:    
Accounts payable 23,616 38,414
Revenues payable 21,944 22,105
Accrued liabilities (see Note 13) 50,871 58,449
Short-term derivative instruments 0 20,884
Total current liabilities 96,431 139,852
Long-term debt (see Note 8) 115,000 190,000
Asset retirement obligations 122,001 114,614
Operating lease liability 5,090 6,567
Other long-term liabilities 8,116 13,010
Total liabilities 346,638 464,043
Commitments and contingencies (see Note 16)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,147,205 and 38,459,731 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 393 386
Additional paid-in capital 435,095 432,251
Accumulated deficit (44,452) (437,202)
Total stockholders' equity (deficit) 391,036 (4,565)
Total liabilities and equity $ 737,674 $ 459,478