XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 477,869 $ 444,998
Accounts receivable 187,810 233,297
Derivative assets 81,062 48,677
Prepaid expenses and other 9,535 10,231
Total current assets 756,276 737,203
Property and equipment (successful efforts method):    
Proved oil and gas properties 10,483,159 10,258,368
Accumulated depletion, depreciation, and amortization (6,339,303) (6,188,147)
Unproved oil and gas properties, net of valuation allowance of $37,904 and $38,008, respectively 497,127 487,192
Wells in progress 342,875 287,267
Other property and equipment, net of accumulated depreciation of $57,338 and $56,512, respectively 45,694 38,099
Total property and equipment, net 5,029,552 4,882,779
Noncurrent assets:    
Derivative assets 15,373 24,465
Other noncurrent assets 68,957 71,592
Total noncurrent assets 84,330 96,057
Total assets 5,870,158 5,716,039
Current liabilities:    
Accounts payable and accrued expenses 522,279 532,289
Derivative liabilities 30,723 56,181
Other current liabilities 10,144 10,114
Total current liabilities 563,146 598,584
Noncurrent liabilities:    
Revolving credit facility 0 0
Senior Notes, net 1,572,991 1,572,210
Asset retirement obligations 110,163 108,233
Deferred income taxes 330,782 280,811
Derivative liabilities 3,639 1,142
Other noncurrent liabilities 59,642 69,601
Total noncurrent liabilities 2,077,217 2,031,997
Commitments and contingencies (note 6)
Stockholders’ equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 120,517,918 and 121,931,676 shares, respectively 1,205 1,219
Additional paid-in capital 1,743,567 1,779,703
Retained earnings 1,489,032 1,308,558
Accumulated other comprehensive loss (4,009) (4,022)
Total stockholders’ equity 3,229,795 3,085,458
Total liabilities and stockholders’ equity $ 5,870,158 $ 5,716,039