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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 34,348 $ 34,869
Accounts receivable 83,201 39,378
Derivatives 17,261 2,199
Inventory 8,181 3,304
Prepaid expenses 5,686 7,154
Deposits 0 50
Total current assets 148,677 86,954
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 1,903,134 699,701
Unproved properties 157,046 108,392
Accumulated depletion, depreciation and amortization (176,799) (82,478)
Total crude oil and natural gas properties, net 1,883,381 725,615
Other property and equipment, net 3,548 1,600
Other noncurrent assets 6,656 4,791
Total assets 2,042,262 818,960
Current liabilities:    
Accounts payable - trade 124,021 38,144
Accrued liabilities 101,302 32,230
Revenues and royalties payable 12,806 7,502
Derivatives 11,071 13,591
Advances from joint interest owners 7,560 10,841
Other current liabilities 3,590 692
Total current liabilities 260,350 103,000
Noncurrent liabilities:    
Long-term debt, net 561,756 97,929
Deferred income taxes 111,159 55,802
Asset retirement obligations 8,252 4,260
Derivatives 0 4,075
Other 0 831
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, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,162,827 and 96,774,185 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 11 10
Additional paid-in capital 1,004,778 617,489
Retained earnings (accumulated deficit) 95,956 (64,436)
Total stockholders' equity 1,100,745 553,063
Total liabilities and stockholders' equity $ 2,042,262 $ 818,960