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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 357,287 $ 108,172
Restricted cash 32,623 0
Accounts receivable:    
Trade, net 209,900 236,694
Joint interest, net 96,771 133,562
Other, net 33,725 34,002
Assets from price risk management activities 61,496 33,486
Prepaid assets 64,287 77,487
Other current assets 14,556 35,980
Total current assets 870,645 659,383
Property and equipment:    
Proved properties 10,134,829 9,784,832
Unproved properties, not subject to amortization 542,977 587,238
Other property and equipment 35,196 35,069
Total property and equipment 10,713,002 10,407,139
Accumulated depreciation, depletion and amortization (5,966,167) (5,191,865)
Total property and equipment, net 4,746,835 5,215,274
Other long-term assets:    
Restricted cash 75,174 106,260
Assets from price risk management activities 14,834 253
Equity method investments 112,589 111,269
Other well equipment 65,381 58,306
Notes receivable, net 18,669 17,748
Operating lease assets 10,379 11,294
Other assets 10,196 12,008
Total assets 5,924,702 6,191,795
Current liabilities:    
Accounts payable 105,355 117,055
Accrued liabilities 302,604 326,913
Accrued royalties 66,300 77,672
Current portion of asset retirement obligations 127,959 97,166
Liabilities from price risk management activities 10,027 6,474
Accrued interest payable 49,016 49,084
Current portion of operating lease liabilities 3,823 3,837
Other current liabilities 47,042 44,854
Total current liabilities 712,126 723,055
Long-term liabilities:    
Long-term debt 1,223,736 1,221,399
Asset retirement obligations 1,093,114 1,052,569
Liabilities from price risk management activities 10,055 3,537
Operating lease liabilities 13,776 15,489
Other long-term liabilities 352,882 416,041
Total liabilities 3,405,689 3,432,090
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Common stock; $0.01 par value; 270,000,000 shares authorized; 188,201,673 and 187,434,908 shares issued as of June 30, 2025 and December 31, 2024, respectively 1,882 1,874
Additional paid-in capital 3,284,467 3,274,626
Accumulated deficit (619,915) (424,110)
Treasury stock, at cost; 13,544,328 and 7,417,385 shares as of June 30, 2025 and December 31, 2024, respectively (147,421) (92,685)
Total stockholdersʼ equity 2,519,013 2,759,705
Total liabilities and stockholdersʼ equity $ 5,924,702 $ 6,191,795