XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 30,265 $ 30,504
Accounts receivable 100,974 96,596
Inventory 9,201 13,275
Prepaid expenses 3,154 4,133
Derivatives 435 17
Total current assets 144,029 144,525
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 2,977,987 2,270,236
Unproved properties 91,630 114,665
Accumulated depletion, depreciation and amortization (434,006) (259,962)
Total crude oil and natural gas properties, net 2,635,611 2,124,939
Other property and equipment, net 3,592 3,587
Other noncurrent assets 6,771 6,431
Total assets 2,790,003 2,279,482
Current liabilities:    
Current portion of long-term debt, net 741,155 0
Accounts payable – trade 215,845 105,565
Accrued capital expenditures 102,727 91,842
Revenues and royalties payable 36,480 15,623
Other accrued liabilities 15,815 15,600
Accrued interest 14,049 13,152
Derivatives 10,700 16,702
Advances from joint interest owners 782 7,302
Operating leases 622 343
Total current liabilities 1,138,175 266,129
Noncurrent liabilities:    
Long-term debt, net 231,854 704,349
Deferred income taxes 155,315 131,164
Asset retirement obligations 7,886 7,502
Derivatives 1,094 691
Operating leases 269 0
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,385,923 and 113,165,027 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 11 11
Additional paid-in capital 1,018,810 1,008,896
Retained earnings 236,589 160,740
Total stockholders’ equity 1,255,410 1,169,647
Total liabilities and stockholders’ equity $ 2,790,003 $ 2,279,482