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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 18,788 $ 17,474
Restricted cash 2,157 8,972
Accounts receivable    
Oil, natural gas liquid and natural gas sales 18,838 11,635
Joint interest owners and others, net 1,418 4,076
Derivative financial instruments 0 1,703
Prepaid expenses and other 1,710 1,118
Total current assets 42,911 44,978
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 352,788 314,685
Unproved properties 33,808 34,929
Other property and equipment 19,692 19,680
Less accumulated depreciation, depletion and amortization (12,982) (2,056)
Property and equipment, net 393,306 367,238
Accounts receivable 6,256 6,053
Derivative financial instruments 0 395
Other non-current assets 4,232 4,651
Total assets 446,705 423,315
Current liabilities    
Accounts payable 10,929 7,651
Oil, natural gas liquid and natural gas sales payable 22,953 18,760
Accrued liabilities 15,594 15,983
Derivative financial instruments 43,539 7,938
Current maturities of long-term debt 22,157 20,000
Total current liabilities 115,172 70,332
Long-term liabilities    
Long-term debt 243,199 255,328
Asset retirement obligations 3,707 4,573
Derivative financial instruments 15,539 835
Total long-term liabilities 262,445 260,736
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.001 par value, 90,000,000 shares authorized, 10,107,081 and 10,000,149 shares issued and outstanding, respectively 10 10
Additional paid-in capital 93,933 92,953
Accumulated deficit (24,855) (716)
Total stockholders’ equity 69,088 92,247
Total liabilities and stockholders’ equity $ 446,705 $ 423,315