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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 8,507 $ 15,195
Accrued revenue and accounts receivable 118,635 107,347
Prepaid assets 8,023 12,362
Derivative asset 9,066 19,080
Total current assets 144,231 153,984
Oil and natural gas properties, successful efforts method:    
Unproved properties 2,514,348 2,698,991
Proved properties 2,752,715 2,377,196
Other property and equipment 3,688 3,711
Accumulated depreciation, depletion, amortization, and impairment (738,232) (498,531)
Total property and equipment, net 4,532,519 4,581,367
Long-term assets    
Long-term derivative asset 0 3,440
Deferred financing costs 8,887 11,205
Operating lease right-of-use asset 4,949 5,970
Other long-term assets 2,778 2,835
Total long-term assets 16,614 23,450
TOTAL ASSETS 4,693,364 4,758,801
Current liabilities    
Accounts payable and accrued expenses 56,364 30,050
Operating lease liability 1,605 1,725
Total current liabilities 57,969 31,775
Long-term liabilities    
Long-term debt 992,854 865,338
Deferred tax liability 248,005 259,870
Non-current operating lease liability 4,511 5,394
Other long-term liabilities 1,150 1,150
Total long-term liabilities 1,246,520 1,131,752
Total liabilities 1,304,489 1,163,527
Commitments and contingencies (see Note 14)
Equity    
Additional paid-in capital 1,720,293 1,796,147
Accumulated deficit (153,853) (187,738)
Noncontrolling interest 1,907,581 1,987,526
Total equity 3,388,875 3,595,274
TOTAL LIABILITIES AND EQUITY 4,693,364 4,758,801
Class A Common Stock    
Equity    
Common stock, value 8 8
Treasury shares (83,896) 0
Class C Common Stock    
Equity    
Common stock, value 7 8
Treasury shares $ (1,265) $ (677)