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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 792 $ 1,121
Accounts receivable 89,714 49,777
Fair value of commodity derivatives 52,549 2,806
Other current assets 2,671 1,875
Total Current Assets 145,726 55,579
Property and Equipment:    
Property, Plant and Equipment, Gross 2,529,223 1,611,953
Less - Accumulated depreciation, depletion, and amortization (1,004,044) (869,985)
Property, Plant and Equipment, Net 1,525,179 741,968
Right of use assets 12,077 16,065
Fair value of long-term commodity derivatives 24,172 201
Other Long-Term Assets 9,208 5,641
Total Assets 1,716,362 819,454
Current Liabilities:    
Accounts payable and accrued liabilities 60,200 35,034
Fair value of commodity derivatives 40,796 47,453
Accrued capital costs 56,465 7,354
Accrued interest 2,665 697
Current lease liability 8,553 7,222
Undistributed oil and gas revenues 27,160 23,577
Total Current Liabilities 195,839 121,337
Long-Term Debt 688,531 372,825
Non-current lease liability 3,775 9,090
Deferred tax liabilities, net 16,141 6,516
Asset Retirement Obligation 9,171 5,526
Fair value of long-term commodity derivatives 7,738 8,585
Other long-term liabilities 3,588 3,043
Stockholders' Equity:    
Preferred Stock, Value, Outstanding 0 0
Common Stock, Value, Issued 227 168
Additional paid-in capital $ 576,118 $ 413,017
Treasury Stock, Shares 353,395 191,670
Treasury Stock, Value $ (7,534) $ (2,984)
Retained earnings (Accumulated deficit) 222,768 (117,669)
Total Stockholders' Equity (Deficit) 791,579 292,532
Total Liabilities and Stockholders' Equity 1,716,362 819,454
Capitalized Costs, Unproved Properties $ 16,272 $ 17,090
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 10,000,000 10,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 40,000,000 40,000,000
Common Stock, Shares, Issued 22,663,135 16,822,845
Common Stock, Shares, Outstanding 22,309,740 16,631,175