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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,688 $ 4,835
Accounts receivable, net of allowance for doubtful accounts of $655 at June 30, 2024 and December 31, 2023 82,017 86,918
Derivative instruments 0 5,288
Other current assets 38,784 43,759
Total current assets 127,489 140,800
Noncurrent assets:    
Oil and natural gas properties 1,925,855 1,906,134
Accumulated depletion and amortization (663,214) (592,621)
Total oil and natural gas properties, net 1,262,641 1,313,513
Other property and equipment 170,285 167,767
Accumulated depreciation (83,333) (74,668)
Total other property and equipment, net 86,952 93,099
Deferred income taxes 45,915 30,308
Derivative instruments 0 5,463
Other noncurrent assets 9,912 10,975
Total assets 1,532,909 1,594,158
Current liabilities:    
Accounts payable and accrued expenses 168,426 213,401
Derivative instruments 36,119 9,781
Total current liabilities 204,545 223,182
Noncurrent liabilities:    
Long-term debt 433,656 427,993
Derivative instruments 19,827 959
Deferred income taxes 0 2,344
Asset retirement obligations 178,980 176,578
Other noncurrent liabilities 22,941 5,126
Commitments and Contingencies - Note 4
Stockholders' equity:    
Common stock ($0.001 par value; 750,000,000 shares authorized; 88,942,805 and 87,671,241 shares issued; and 76,938,994 and 75,667,430 shares outstanding, at June 30, 2024 and December 31, 2023, respectively) 89 88
Additional paid-in-capital 782,993 819,157
Treasury stock, at cost (12,003,811 shares at June 30, 2024 and December 31, 2023, respectively) (113,768) (113,768)
Retained earnings 3,646 52,499
Total stockholders' equity 672,960 757,976
Total liabilities and stockholders' equity $ 1,532,909 $ 1,594,158