XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 11,966 $ 19,552
Accounts receivable 23,891 7,722
Subscription receivable 0 3,596
Inventory 3,920 121
Prepaid expenses 2,592 2,254
Deposits 50 50
Total current assets 42,419 33,295
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 602,833 367,372
Unproved properties 123,064 152,741
Accumulated depletion, depreciation and amortization (61,066) (17,477)
Total crude oil and natural gas properties, net 664,831 502,636
Other property and equipment, net 1,397 1,092
Other noncurrent assets 4,928 907
Total assets 713,575 537,930
Current liabilities:    
Accounts payable - trade 12,347 7,581
Accrued liabilities 29,846 12,374
Derivatives 14,134 0
Advances from joint interest owners 13,463 969
Dividends and dividend equivalents payable 2,683 0
Other current liabilities 4,541 1,511
Total current liabilities 77,014 22,435
Noncurrent liabilities:    
Long-term debt, net 93,102 0
Deferred income taxes 43,578 38,898
Derivatives 5,268 0
Asset retirement obligations 4,250 2,293
Other 455 78
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2021 and December 31, 2020 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 92,743,677 and 91,967,565 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 9 9
Additional paid-in capital 591,360 581,426
Accumulated deficit 101,461 107,209
Total stockholders' equity 489,908 474,226
Total liabilities and stockholders' equity $ 713,575 $ 537,930