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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 30,504 $ 34,869
Accounts receivable 96,596 39,378
Inventory 13,275 3,304
Prepaid expenses 4,133 7,154
Derivatives 17 2,199
Deposits 0 50
Total current assets 144,525 86,954
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 2,270,236 699,701
Unproved properties 114,665 108,392
Accumulated depletion, depreciation and amortization (259,962) (82,478)
Total crude oil and natural gas properties, net 2,124,939 725,615
Other property and equipment, net 3,587 1,600
Other noncurrent assets 6,431 4,791
Total assets 2,279,482 818,960
Current liabilities:    
Accounts payable – trade 105,565 38,144
Accrued capital expenditures 91,842 26,106
Derivatives 16,702 13,591
Revenues and royalties payable 15,623 7,502
Other accrued liabilities 15,600 6,124
Accrued interest 13,152 179
Advances from joint interest owners 7,302 10,841
Other current liabilities 343 513
Total current liabilities 266,129 103,000
Noncurrent liabilities:    
Long-term debt, net 704,349 97,929
Deferred income taxes 131,164 55,802
Asset retirement obligations 7,502 4,260
Derivatives 691 4,075
Other 0 831
Commitments and Contingencies  
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2022 and 2021 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,165,027 and 96,774,185 shares issued and outstanding at December 31, 2022 and 2021, respectively 11 10
Additional paid-in capital 1,008,896 617,489
Retained earnings (accumulated deficit) 160,740 (64,436)
Total stockholders’ equity 1,169,647 553,063
Total liabilities and stockholders’ equity $ 2,279,482 $ 818,960