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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,989 $ 20,746
Accounts receivable, net (see Note 12) 36,540 39,096
Short-term derivative instruments 4,429 17,669
Prepaid expenses and other current assets 18,366 20,672
Total current assets 62,324 98,183
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 891,407 873,478
Support equipment and facilities 150,211 149,069
Other 11,038 10,359
Accumulated depreciation, depletion and amortization (694,405) (686,165)
Property and equipment, net 358,251 346,741
Long-term derivative instruments 1,778 9,405
Restricted investments 22,392 19,935
Operating lease - long term right-of-use asset 5,407 5,756
Deferred tax asset 258,498 253,796
Other long-term assets 3,554 3,858
Total assets 712,204 737,674
Current liabilities:    
Accounts payable 21,723 23,616
Revenues payable 20,809 21,944
Accrued liabilities (see Note 12) 36,776 50,871
Total current liabilities 79,308 96,431
Long-term debt (see Note 7) 115,000 115,000
Asset retirement obligations 124,062 122,001
Operating lease liability 4,704 5,090
Other long-term liabilities 8,115 8,116
Total liabilities 331,189 346,638
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, 2024 and December 31, 2023
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,612,030 and 39,147,205 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 398 393
Additional paid-in capital 434,465 435,095
Accumulated deficit (53,848) (44,452)
Total stockholders' equity (deficit) 381,015 391,036
Total liabilities and equity $ 712,204 $ 737,674