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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 502 $ 20,746
Accounts receivable, net (see Note 12) 36,306 39,096
Short-term derivative instruments 1,780 17,669
Prepaid expenses and other current assets 23,430 20,672
Total current assets 62,018 98,183
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 909,387 873,478
Support equipment and facilities 150,295 149,069
Other 11,352 10,359
Accumulated depreciation, depletion and amortization (702,232) (686,165)
Property and equipment, net 368,802 346,741
Long-term derivative instruments 0 9,405
Restricted investments 24,904 19,935
Operating lease - long term right-of-use asset 5,012 5,756
Deferred tax asset 256,363 253,796
Other long-term assets 3,276 3,858
Total assets 720,375 737,674
Current liabilities:    
Accounts payable 25,056 23,616
Revenues payable 12,629 21,944
Accrued liabilities (see Note 12) 35,831 50,871
Total current liabilities 73,516 96,431
Long-term debt (see Note 7) 118,000 115,000
Asset retirement obligations 125,739 122,001
Long-term derivative instruments 477 0
Operating lease liability 4,241 5,090
Other long-term liabilities 8,113 8,116
Total liabilities 330,086 346,638
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 June 30, 2024 and December 31, 2023
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,637,947 and 39,147,205 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 398 393
Additional paid-in capital 436,582 435,095
Accumulated deficit (46,691) (44,452)
Total stockholders' equity (deficit) 390,289 391,036
Total liabilities and equity $ 720,375 $ 737,674