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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable, net (see Note 13) $ 35,893 $ 39,713
Short-term derivative instruments 0 6,385
Prepaid expenses and other current assets 24,296 25,679
Total current assets 60,189 71,777
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 965,415 942,981
Support equipment and facilities 150,810 150,511
Other 11,791 11,478
Accumulated depreciation, depletion and amortization (727,246) (718,752)
Property and equipment, net 400,770 386,218
Long-term derivative instruments 0 233
Restricted investments 32,529 29,993
Operating lease - long term right-of-use asset 4,613 4,540
Deferred tax asset 253,138 251,600
Other long-term assets 2,400 2,715
Total assets 753,639 747,076
Current liabilities:    
Accounts payable 19,863 13,231
Revenues payable 12,511 11,494
Accrued liabilities (see Note 13) 40,343 43,413
Short-term derivative instruments 6,147 0
Total current liabilities 78,864 68,138
Long-term debt (see Note 8) 125,000 127,000
Asset retirement obligations 131,158 129,700
Long-term derivative instruments 2,054 0
Operating lease liability 3,669 3,683
Other long-term liabilities 9,957 9,643
Total liabilities 350,702 338,164
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 March 31, 2025 and December 31, 2024
Common stock, $0.01 par value: 250,000,000 shares authorized; 40,334,284 and 39,795,138 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 404 399
Additional paid-in capital 439,862 439,981
Accumulated deficit (37,329) (31,468)
Total stockholders' equity (deficit) 402,937 408,912
Total liabilities and equity $ 753,639 $ 747,076