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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 22,417,000 $ 34,869,000
Accounts receivable 90,235,000 39,378,000
Prepaid expenses 19,072,000 7,154,000
Derivatives 8,002,000 2,199,000
Inventory 6,207,000 3,304,000
Deposits 50,000 50,000
Total current assets 145,983,000 86,954,000
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 1,479,748,000 699,701,000
Unproved properties 250,595,000 108,392,000
Accumulated depletion, depreciation and amortization (134,261,000) (82,478,000)
Total crude oil and natural gas properties, net 1,596,082,000 725,615,000
Other property and equipment, net 2,473,000 1,600,000
Other noncurrent assets 4,234,000 4,791,000
Total assets 1,748,772,000 818,960,000
Current liabilities:    
Accounts payable - trade 101,990,000 38,144,000
Accrued liabilities 104,211,000 32,230,000
Derivatives 39,911,000 13,591,000
Revenues and royalties payable 14,150,000 7,502,000
Advances from joint interest owners 2,880,000 10,841,000
Other current liabilities 8,977,000 692,000
Total current liabilities 272,119,000 103,000,000
Noncurrent liabilities:    
Long-term debt, net 488,532,000 97,929,000
Deferred income taxes 79,562,000 55,802,000
Asset retirement obligations 8,055,000 4,260,000
Derivatives 0 4,075,000
Other 116,000 831,000
Stockholders' equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 109,226,591 and 96,774,185 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 11,000 10,000
Additional paid-in capital 909,325,000 617,489,000
Accumulated deficit (8,948,000) (64,436,000)
Total stockholders' equity 900,388,000 553,063,000
Total liabilities and stockholders' equity $ 1,748,772,000 $ 818,960,000