v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 8,287 $ 3,260
Accounts receivable—oil, natural gas, and natural gas liquids sales 317,528 232,854
Accounts receivable—joint interest and other 35,480 20,383
Prepaid expenses and other current assets 9,273 12,359
Short-term derivative instruments 53,342 4,695
Total current assets 423,910 273,551
Property and equipment:    
Proved oil and natural gas properties 2,303,728 1,917,833
Unproved properties 184,075 211,007
Other property and equipment 6,153 5,329
Total property and equipment 2,493,956 2,134,169
Less: accumulated depletion, depreciation and amortization (467,485) (278,341)
Total property and equipment, net 2,026,471 1,855,828
Other assets:    
Long-term derivative instruments 24,335 18,664
Operating lease assets 3,060 322
Other assets 21,570 19,867
Total other assets 48,965 38,853
Total assets 2,499,346 2,168,232
Current liabilities:    
Accounts payable and accrued liabilities 466,563 394,011
Short-term derivative instruments 817,384 240,735
Current portion of operating lease liabilities 831 182
Total current liabilities 1,284,778 634,928
Non-current liabilities:    
Long-term derivative instruments 299,150 184,580
Asset retirement obligation 30,367 28,264
Non-current operating lease liabilities 2,229 140
Long-term debt 728,101 712,946
Total non-current liabilities 1,059,847 925,930
Total liabilities 2,344,625 1,560,858
Commitments and contingencies (Note 7)
Mezzanine Equity:    
Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 52.3 thousand issued and outstanding at September 30, 2022, and 57.9 thousand issued and outstanding at December 31, 2021 52,345 57,896
Stockholders’ Equity:    
Common stock - $0.0001 par value, 42.0 million shares authorized, 19.4 million issued and outstanding at September 30, 2022, and 20.6 million issued and outstanding at December 31, 2021 2 2
Additional paid-in capital 472,846 692,521
Common stock held in reserve, 62 thousand shares at September 30, 2022, and 938 thousand shares at December 31, 2021 (1,996) (30,216)
Accumulated deficit (366,696) (112,829)
Treasury stock, at cost - 20.4 thousand shares at September 30, 2022, and no shares at December 31, 2021 (1,780) 0
Total stockholders’ equity 102,376 549,478
Total liabilities, mezzanine equity and stockholders’ equity $ 2,499,346 $ 2,168,232

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