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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 34,869 $ 19,552
Accounts receivable 39,378 7,722
Subscription receivable 0 3,596
Prepaid expenses 7,154 2,254
Inventory 3,304 121
Derivatives 2,199 0
Deposits 50 50
Total current assets 86,954 33,295
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 699,701 367,372
Unproved properties 108,392 152,741
Accumulated depletion, depreciation and amortization (82,478) (17,477)
Total crude oil and natural gas properties, net 725,615 502,636
Other property and equipment, net 1,600 1,092
Other noncurrent assets 4,791 907
Total assets 818,960 537,930
Current liabilities:    
Accounts payable – trade 38,144 7,581
Accrued liabilities 32,409 12,374
Derivatives 13,591 0
Advances from joint interest owners 10,841 969
Other current liabilities 8,015 1,511
Total current liabilities 103,000 22,435
Noncurrent liabilities:    
Long-term debt, net 97,929 0
Deferred income taxes 55,802 38,898
Derivatives 4,075 0
Asset retirement obligations 4,260 2,293
Other 831 78
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2021 and 2020 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 96,774,185 and 91,967,565 shares issued and outstanding at December 31, 2021 and 2020, respectively 10 9
Additional paid-in capital 617,489 581,426
Accumulated deficit 64,436 107,209
Total stockholders’ equity 553,063 474,226
Total liabilities and stockholders’ equity $ 818,960 $ 537,930