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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 157,911,000 $ 194,515,000
Accounts receivable 87,561,000 94,589,000
Inventory 7,817,000 7,254,000
Prepaid expenses 3,073,000 995,000
Derivative instruments 2,278,000 31,480,000
Total current assets 258,640,000 328,833,000
Crude oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 3,654,399,000 3,338,107,000
Unproved properties 75,690,000 72,715,000
Accumulated depletion, depreciation and amortization (942,594,000) (684,179,000)
Total crude oil and natural gas properties, net 2,787,495,000 2,726,643,000
Other property and equipment, net 3,518,000 3,572,000
Derivative instruments 227,000 16,059,000
Other noncurrent assets 6,577,000 5,684,000
Total assets 3,056,457,000 3,080,791,000
Current liabilities:    
Current maturities of long-term debt 120,000,000 120,000,000
Accrued capital expenditures 48,905,000 39,231,000
Accounts payable – trade 40,452,000 63,583,000
Revenues and royalties payable 27,860,000 29,724,000
Other accrued liabilities 22,490,000 19,613,000
Derivative instruments 12,599,000 13,054,000
Advances from joint interest owners 5,308,000 262,000
Accrued interest 825,000 1,398,000
Operating leases 422,000 528,000
Total current liabilities 278,861,000 287,393,000
Noncurrent liabilities:    
Long-term debt, net 979,266,000 1,030,299,000
Deferred income taxes 213,038,000 197,068,000
Asset retirement obligations 13,911,000 13,245,000
Derivative instruments 775,000 65,000
Operating leases 165,000 0
Commitments and Contingencies  
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 127,495,868 and 128,420,923 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 13,000 13,000
Additional paid-in capital 1,182,302,000 1,189,424,000
Retained earnings 388,126,000 363,284,000
Total stockholders’ equity 1,570,441,000 1,552,721,000
Total liabilities and stockholders’ equity $ 3,056,457,000 $ 3,080,791,000