Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
 [1]
Current assets:    
Cash and cash equivalents $ 3,370 $ 3,395
Accounts receivable, net 210,107 237,128
Fair value of derivatives 25,761 21,332
Other current assets 35,406 35,783
Total current assets 274,644 297,638
Oil and natural gas properties, successful efforts accounting method:    
Proved properties, net 4,999,527 4,851,529
Unproved properties 1,227,575 1,225,768
Total oil and natural gas properties, net 6,227,102 6,077,297
Other property and equipment, net 28,719 26,152
Deferred income taxes 45,669 0
Deferred financing costs 17,152 18,822
Other assets, net 58,379 68,560
Total assets 6,651,665 6,488,469
Current liabilities:    
Accounts payable and accrued liabilities 550,923 536,233
Fair value of derivatives 570 16,197
Other current liabilities 146,195 150,384
Total current liabilities 697,688 702,814
Long-term debt 2,204,514 2,241,295
Asset retirement obligations 55,023 53,892
Fair value of derivatives 6,594 13,415
Other long-term liabilities 38,088 51,272
Total liabilities 3,001,907 3,062,688
Commitments and contingencies
Stockholders’ equity:    
Common stock 616 616
Capital in excess of par value 4,025,533 4,022,194
Accumulated deficit (376,391) (597,029)
Total stockholders’ equity 3,649,758 3,425,781 [2]
Total liabilities and stockholders’ equity $ 6,651,665 $ 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.