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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 12,842 $ 19,552
Accounts receivable 23,786 7,722
Subscription receivable 0 3,596
Prepaid expenses 1,062 2,254
Inventory 217 121
Deposits 50 50
Total current assets 37,957 33,295
Oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 497,938 367,372
Unproved properties 114,435 152,741
Accumulated depletion, depreciation and amortization (47,200) (17,477)
Total oil and natural gas properties, net 565,173 502,636
Other property and equipment, net 1,057 1,092
Other noncurrent assets 236 907
Total assets 604,423 537,930
Current liabilities:    
Accounts payable - trade 18,018 7,581
Accrued liabilities 20,727 12,374
Derivatives 12,558 0
Other current liabilities 3,037 2,480
Total current liabilities 54,340 22,435
Noncurrent liabilities:    
Long-term debt, net 11,918 0
Deferred income taxes 41,432 38,898
Asset retirement obligations 2,965 2,293
Other 26 78
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2021 and December 31, 2020 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 92,728,781 and 91,967,565 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 9 9
Additional paid-in capital 590,455 581,426
Accumulated deficit 96,722 107,209
Total stockholders' equity 493,742 474,226
Total liabilities and stockholders' equity $ 604,423 $ 537,930