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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 151,807 $ 30,504
Accounts receivable 125,982 96,596
Inventory 15,130 13,275
Prepaid expenses 3,247 17
Derivatives 1,726 4,133
Total current assets 297,892 144,525
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 3,151,619 2,270,236
Unproved properties 79,961 114,665
Accumulated depletion, depreciation and amortization (551,373) (259,962)
Total crude oil and natural gas properties, net 2,680,207 2,124,939
Other property and equipment, net 3,539 3,587
Other noncurrent assets 7,229 6,431
Total assets 2,988,867 2,279,482
Current liabilities:    
Current maturities of long-term debt 90,000 0
Accrued capital expenditures 60,573 91,842
Accounts payable – trade 50,341 105,565
Revenues and royalties payable 34,086 15,623
Other accrued liabilities 30,457 15,600
Derivatives 27,776 16,702
Accrued interest 869 13,152
Operating leases 517 343
Advances from joint interest owners 28 7,302
Total current liabilities 294,647 266,129
Noncurrent liabilities:    
Long-term debt, net 1,057,803 704,349
Deferred income taxes 169,414 131,164
Asset retirement obligations 8,022 7,502
Derivatives 3,743 691
Operating leases 136 0
Commitments and contingencies (Note 10) 0 0
Commitments and Contingencies  
Stockholders’ equity:    
Commitments and contingencies (Note 10) 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 128,220,923 and 113,165,027 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 13 11
Additional paid-in capital 1,183,262 1,008,896
Retained earnings 271,827 160,740
Total stockholders’ equity 1,455,102 1,169,647
Total liabilities and stockholders’ equity $ 2,988,867 $ 2,279,482