v3.22.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 3,335 $ 9,519
Accounts Receivable, Net 297,754 193,554
Advances to Operators 18,536 6,319
Prepaid Expenses and Other 2,111 3,417
Derivative Instruments 1,720 2,519
Total Current Assets 323,456 215,328
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 5,492,966 5,034,769
Unproved 55,606 24,998
Other Property and Equipment 2,732 2,616
Total Property and Equipment 5,551,304 5,062,383
Less – Accumulated Depreciation, Depletion and Impairment (3,861,759) (3,809,041)
Total Property and Equipment, Net 1,689,545 1,253,342
Derivative Instruments 483 1,863
Acquisition Deposit 0 40,650
Other Noncurrent Assets, Net 10,985 11,683
Total Assets 2,024,469 1,522,866
Current Liabilities:    
Accounts Payable 101,696 65,464
Accrued Liabilities 137,593 105,590
Accrued Interest 5,519 20,498
Derivative Instruments 378,180 134,283
Other Current Liabilities 2,541 1,722
Total Current Liabilities 625,529 327,557
Long-term Debt, Net 1,119,500 803,437
Derivative Instruments 284,623 147,762
Asset Retirement Obligations 27,815 25,865
Other Noncurrent Liabilities 2,304 3,110
Total Liabilities 2,059,771 1,307,731
Commitments and Contingencies (Note 8)
Stockholders’ Equity (Deficit)    
Preferred Stock, Par Value $.001; 5,000,000 Shares Authorized; 1,856,061 Series A Shares Outstanding at 3/31/2022 2,218,732 Series A Shares Outstanding at 12/31/2021 2 2
Common Stock, Par Value $.001; 135,000,000 Shares Authorized; 77,266,137 Shares Outstanding at 3/31/2022 77,341,921 Shares Outstanding at 12/31/2021 479 479
Additional Paid-In Capital 1,944,773 1,988,649
Retained Deficit (1,980,556) (1,773,996)
Total Stockholders’ Equity (Deficit) (35,302) 215,135
Total Liabilities and Stockholders’ Equity (Deficit) $ 2,024,469 $ 1,522,866

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