v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,471 $ 9,519
Accounts Receivable, Net 360,859 193,554
Advances to Operators 13,868 6,319
Prepaid Expenses and Other 2,987 3,417
Derivative Instruments 3,610 2,519
Total Current Assets 382,795 215,328
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 5,626,474 5,034,769
Unproved 53,864 24,998
Other Property and Equipment 6,833 2,616
Total Property and Equipment 5,687,171 5,062,383
Less – Accumulated Depreciation, Depletion and Impairment (3,915,919) (3,809,041)
Total Property and Equipment, Net 1,771,252 1,253,342
Derivative Instruments 4,633 1,863
Acquisition Deposit 17,000 40,650
Other Noncurrent Assets, Net 16,555 11,683
Total Assets 2,192,235 1,522,866
Current Liabilities:    
Accounts Payable 141,372 65,464
Accrued Liabilities 127,613 105,590
Accrued Interest 20,996 20,498
Derivative Instruments 343,628 134,283
Other Current Liabilities 2,323 1,722
Total Current Liabilities 635,932 327,557
Long-term Debt, Net 1,102,214 803,437
Derivative Instruments 270,575 147,762
Asset Retirement Obligations 28,678 25,865
Other Noncurrent Liabilities 2,186 3,110
Total Liabilities 2,039,585 1,307,731
Commitments and Contingencies (Note 8)
Stockholders’ Equity (Deficit)    
Preferred Stock, Par Value $.001; 5,000,000 Shares Authorized; 1,643,732 Series A Shares Outstanding at 6/30/2022 2,218,732 Series A Shares Outstanding at 12/31/2021 2 2
Common Stock, Par Value $.001; 135,000,000 Shares Authorized; 79,223,724 Shares Outstanding at 6/30/2022 77,341,921 Shares Outstanding at 12/31/2021 481 479
Additional Paid-In Capital 1,881,459 1,988,649
Retained Deficit (1,729,292) (1,773,996)
Total Stockholders’ Equity 152,650 215,135
Total Liabilities and Stockholders’ Equity $ 2,192,235 $ 1,522,866

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