Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 194,515	$ 30,504
Accounts receivable	94,589	96,596
Derivative instruments	31,480	17
Inventory	7,254	13,275
Prepaid expenses	995	4,133
Total current assets	328,833	144,525
Crude oil and natural gas properties, using the successful efforts method of accounting:
Proved properties	3,338,107	2,270,236
Unproved properties	72,715	114,665
Accumulated depletion, depreciation and amortization	(684,179)	(259,962)
Total crude oil and natural gas properties, net	2,726,643	2,124,939
Other property and equipment, net	3,572	3,587
Derivative instruments	16,059	0
Other noncurrent assets	5,684	6,431
Total assets	3,080,791	2,279,482
Current liabilities:
Current maturities of long-term debt	120,000	(0)
Accounts payable – trade	63,583	105,565
Accrued capital expenditures	39,231	91,842
Revenues and royalties payable	29,724	15,623
Other accrued liabilities	19,613	15,600
Derivative instruments	13,054	16,702
Accrued interest	1,398	13,152
Operating leases	528	343
Advances from joint interest owners	262	7,302
Total current liabilities	287,393	266,129
Noncurrent liabilities:
Long-term debt, net	1,030,299	704,349
Deferred income taxes	197,068	131,164
Asset retirement obligations	13,245	7,502
Derivatives	65	691
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	13	11
Additional paid-in capital	1,189,424	1,008,896
Retained earnings (accumulated deficit)	363,284	160,740
Total stockholders’ equity	1,552,721	1,169,647
Total liabilities and stockholders’ equity	$ 3,080,791	$ 2,279,482