Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
 [1]
Current assets:    
Cash and cash equivalents $ 3,456 $ 3,395
Accounts receivable, net 262,394 237,128
Fair value of derivatives 1,196 21,332
Other current assets 29,665 35,783
Total current assets 296,711 297,638
Oil and natural gas properties, successful efforts accounting method:    
Proved properties, net 4,815,776 4,851,529
Unproved properties 1,287,019 1,225,768
Total oil and natural gas properties, net 6,102,795 6,077,297
Other property and equipment, net 26,398 26,152
Deferred income taxes 199,734 0
Deferred financing costs 14,235 18,822
Fair value of derivatives 21,742 454
Other assets, net 66,908 68,106
Total assets 6,728,523 6,488,469
Current liabilities:    
Accounts payable and accrued liabilities 585,529 536,233
Fair value of derivatives 61,189 16,197
Other current liabilities 103,077 150,384
Total current liabilities 749,795 702,814
Long-term debt 1,948,619 2,241,295
Asset retirement obligations 41,290 53,892
Fair value of derivatives 44,807 13,415
Other long-term liabilities 82,954 51,272
Total liabilities 2,867,465 3,062,688
Commitments and contingencies
Stockholders’ equity:    
Common stock 678 616
Capital in excess of par value 4,225,183 4,022,194
Accumulated deficit (364,803) (597,029)
Total stockholders’ equity 3,861,058 3,425,781 [2]
Total liabilities and stockholders’ equity $ 6,728,523 $ 6,488,469
[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.