Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,650 $ 3,395 [1]
Accounts receivable, net 164,708 237,128 [1]
Fair value of derivatives 14,960 21,332 [1]
Assets held for sale 606,614 0
Other current assets 37,975 35,783 [1]
Total current assets 827,907 297,638 [1]
Oil and natural gas properties, successful efforts accounting method:    
Proved properties, net 4,216,641 4,851,529 [1]
Unproved properties 1,203,168 1,225,768 [1]
Total oil and natural gas properties, net 5,419,809 6,077,297 [1]
Other property and equipment, net 26,596 26,152 [1]
Deferred income taxes 198,534 0 [1]
Deferred financing costs 15,447 18,822 [1]
Other assets, net 77,265 68,560 [1]
Total assets 6,565,558 6,488,469 [1]
Current liabilities:    
Accounts payable and accrued liabilities 507,471 536,233 [1]
Fair value of derivatives 1,506 16,197 [1]
Liabilities associated with assets held for sale 71,114 0
Other current liabilities 100,701 150,384 [1]
Total current liabilities 680,792 702,814 [1]
Long-term debt 2,268,116 2,241,295 [1]
Asset retirement obligations 36,235 53,892 [1]
Fair value of derivatives 1,941 13,415 [1]
Other long-term liabilities 35,802 51,272 [1]
Total liabilities 3,022,886 3,062,688 [1]
Commitments and contingencies [1]
Stockholders’ equity:    
Common stock 619 616 [1]
Capital in excess of par value 4,026,340 4,022,194 [1]
Accumulated deficit (484,287) (597,029) [1]
Total stockholders’ equity 3,542,672 3,425,781 [1],[2]
Total liabilities and stockholders’ equity $ 6,565,558 $ 6,488,469 [1]
[1] Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.
[2] Financial information for prior periods has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.