Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)		Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents		$ 21,853,000	$ 86,649,000
Accounts receivable		71,425,000	85,242,000
Derivative instruments		17,323,000	7,582,000
Inventory		6,823,000	10,952,000
Prepaid expenses		4,792,000	4,587,000
Total current assets		122,216,000	195,012,000
Crude oil and natural gas properties, using the successful efforts method of accounting:
Proved properties		4,268,981,000	3,959,545,000
Unproved properties		69,908,000	70,868,000
Accumulated depletion, depreciation and amortization		(1,395,115,000)	(1,184,684,000)
Total crude oil and natural gas properties, net		2,943,774,000	2,845,729,000
Other property and equipment, net		3,081,000	3,201,000
Derivative instruments		1,813,000	0
Other noncurrent assets		18,569,000	19,346,000
Total assets		3,089,453,000	3,063,288,000
Current liabilities:
Current maturities of long-term debt	[1]	0	120,000,000
Accounts payable – trade		64,291,000	74,011,000
Revenues and royalties payable		27,499,000	26,838,000
Other accrued liabilities		24,176,000	22,196,000
Accrued capital expenditures		22,443,000	35,170,000
Derivative instruments		1,364,000	5,380,000
Operating leases		912,000	719,000
Advances from joint interest owners		0	316,000
Total current liabilities		140,685,000	284,630,000
Noncurrent liabilities:
Long-term debt, net		1,027,354,000	928,384,000
Deferred income taxes		250,000,000	232,398,000
Asset retirement obligations		15,414,000	14,750,000
Derivative instruments		1,392,000	0
Operating leases		522,000	670,000
Commitments and Contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2025 and December 31, 2024		0	0
Common stock, $0.0001 par value, 600,000,000 shares authorized, 126,132,288 and 126,067,436 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively		13,000	13,000
Additional paid-in capital		1,166,875,000	1,166,609,000
Retained earnings		487,198,000	435,834,000
Total stockholders’ equity		1,654,086,000	1,602,456,000
Total liabilities and stockholders’ equity		$ 3,089,453,000	$ 3,063,288,000

[1] Term Loan Credit Agreement debt as of June 30, 2025 is classified as long-term due to the debt amendment that was completed subsequent to quarter end. See below and Note 15 for further information.