Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
 [1]
Current assets:    
Cash and cash equivalents $ 3,325 $ 3,395
Accounts receivable, net 206,791 237,128
Fair value of derivatives 11,857 21,332
Other current assets 30,154 35,783
Total current assets 252,127 297,638
Oil and natural gas properties, successful efforts accounting method:    
Proved properties, net 5,086,973 4,851,529
Unproved properties 1,063,033 1,225,768
Total oil and natural gas properties, net 6,150,006 6,077,297
Other property and equipment, net 26,784 26,152
Deferred income taxes 180,963 0
Other assets, net 101,596 87,382
Total assets 6,711,476 6,488,469
Current liabilities:    
Accounts payable and accrued liabilities 526,446 536,233
Fair value of derivatives 24,147 16,197
Other current liabilities 96,369 150,384
Total current liabilities 646,962 702,814
Long-term debt 1,918,655 2,241,295
Asset retirement obligations 42,653 53,892
Fair value of derivatives 29,880 13,415
Other long-term liabilities 81,965 51,272
Total liabilities 2,720,115 3,062,688
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value, 130,000,000 shares authorized; 66,474,525 and 61,621,518 shares outstanding, respectively 665 616
Capital in excess of par value 4,186,524 4,022,194
Accumulated deficit (195,828) (597,029)
Total stockholders’ equity 3,991,361 3,425,781 [2]
Total liabilities and stockholders’ equity $ 6,711,476 $ 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 the 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.