Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 9,882 $ 20,236
Accounts receivable, net 232,436 133,109
Fair value of derivatives 22,381 921
Other current assets 30,745 24,103
Total current assets 295,444 178,369
Oil and natural gas properties, full cost accounting method:    
Evaluated properties, net 3,352,821 2,355,710
Unevaluated properties 1,812,827 1,733,250
Total oil and natural gas properties, net 5,165,648 4,088,960
Other property and equipment, net 28,128 31,640
Deferred financing costs 18,125 23,643
Other assets, net 40,158 40,256
Total assets 5,547,503 4,362,868
Current liabilities:    
Accounts payable and accrued liabilities 569,991 341,519
Fair value of derivatives 185,977 97,060
Other current liabilities 116,523 58,529
Total current liabilities 872,491 497,108
Long-term debt 2,694,115 2,969,264
Asset retirement obligations 54,458 57,209
Fair value of derivatives 11,409 88,046
Other long-term liabilities 49,262 40,239
Total liabilities 3,681,735 3,651,866
Commitments and contingencies
Stockholders’ equity:    
Common stock 614 398
Capital in excess of par value 4,012,358 3,222,959
Accumulated deficit (2,147,204) (2,512,355)
Total stockholders’ equity 1,865,768 711,002
Total liabilities and stockholders’ equity $ 5,547,503 $ 4,362,868