v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,929 $ 7,259
Accounts receivable—oil, natural gas, and natural gas liquids sales 122,479 278,404
Accounts receivable—joint interest and other 22,221 21,478
Prepaid expenses and other current assets 16,951 7,621
Short-term derivative instruments 233,226 87,508
Total current assets 396,806 402,270
Property and equipment:    
Proved oil and natural gas properties 2,904,519 2,418,666
Unproved properties 204,233 178,472
Other property and equipment 9,165 6,363
Total property and equipment 3,117,917 2,603,501
Less: accumulated depletion, depreciation and amortization (865,618) (545,771)
Total property and equipment, net 2,252,299 2,057,730
Other assets:    
Long-term derivative instruments 47,566 26,525
Deferred tax asset 525,156 0
Operating lease assets 14,299 26,713
Other assets 31,487 21,241
Total other assets 618,508 74,479
Total assets 3,267,613 2,534,479
Current liabilities:    
Accounts payable and accrued liabilities 309,532 437,384
Short-term derivative instruments 21,963 343,522
Current portion of operating lease liabilities 12,959 12,414
Total current liabilities 344,454 793,320
Non-current liabilities:    
Long-term derivative instruments 18,602 118,404
Asset retirement obligation 29,941 33,171
Non-current operating lease liabilities 1,340 14,299
Long-term debt 667,382 694,155
Total non-current liabilities 717,265 860,029
Total liabilities 1,061,719 1,653,349
Commitments and contingencies (Notes 18 and 19)
Mezzanine equity:    
Preferred Stock - $0.0001 par value, 110.0 thousand shares authorized, 44.2 thousand issued and outstanding at December 31, 2023, and 52.3 thousand issued and outstanding at December 31, 2022 44,214 52,295
Stockholders’ equity:    
Common Stock - $0.0001 par value, 42.0 million shares authorized, 18.3 million issued and outstanding at December 31, 2023, and 19.1 million issued and outstanding at December 31, 2022 2 2
Additional paid-in capital 315,726 449,243
Common Stock held in reserve, 62.0 thousand shares at December 31, 2023, and 62.0 thousand shares at December 31, 2022 (1,996) (1,996)
Retained earnings 1,847,948 381,872
Treasury stock, at cost - 0.0 thousand shares at December 31, 2023, and 3.9 thousand shares at December 31, 2022 0 (286)
Total stockholders’ equity 2,161,680 828,835
Total liabilities, mezzanine equity and stockholders’ equity $ 3,267,613 $ 2,534,479

Source

PDF HTML
10-K Filing
ZIP XLS HTML
XBRL