XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 47,536 $ 30,504
Accounts receivable 80,980 96,596
Inventory 15,759 13,275
Prepaid expenses 1,004 4,133
Derivatives 0 17
Total current assets 145,279 144,525
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 2,669,752 2,270,236
Unproved properties 97,910 114,665
Accumulated depletion, depreciation and amortization (341,045) (259,962)
Total crude oil and natural gas properties, net 2,426,617 2,124,939
Other property and equipment, net 3,556 3,587
Other noncurrent assets 7,067 6,431
Total assets 2,582,519 2,279,482
Current liabilities:    
Current portion of long-term debt, net 215,295 0
Accounts payable – trade 133,246 105,565
Accrued capital expenditures 132,071 91,842
Revenues and royalties payable 29,500 15,623
Accrued interest 15,087 13,152
Other accrued liabilities 14,021 15,600
Derivatives 11,265 16,702
Advances from joint interest owners 10,217 7,302
Operating leases 726 343
Total current liabilities 561,428 266,129
Noncurrent liabilities:    
Long-term debt, net 645,469 704,349
Deferred income taxes 145,671 131,164
Asset retirement obligations 7,763 7,502
Derivatives 797 691
Operating leases 400 0
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, 113,177,011 and 113,165,027 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 11 11
Additional paid-in capital 1,013,100 1,008,896
Retained earnings 207,880 160,740
Total stockholders’ equity 1,220,991 1,169,647
Total liabilities and stockholders’ equity $ 2,582,519 $ 2,279,482