v3.23.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 6,073 $ 2,528
Accounts Receivable, Net 274,399 271,336
Advances to Operators 40,985 8,976
Prepaid Expenses and Other 2,328 2,014
Derivative Instruments 72,156 35,293
Income Tax Receivable 0 338
Total Current Assets 395,941 320,485
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 7,019,244 6,492,683
Unproved 41,846 41,565
Other Property and Equipment 7,096 6,858
Total Property and Equipment 7,068,185 6,541,106
Less – Accumulated Depreciation, Depletion and Impairment (4,152,245) (4,058,180)
Total Property and Equipment, Net 2,915,940 2,482,926
Derivative Instruments 14,495 12,547
Acquisition Deposit 0 43,000
Other Noncurrent Assets, Net 16,490 16,220
Total Assets 3,342,866 2,875,178
Current Liabilities:    
Accounts Payable 134,264 128,582
Accrued Liabilities 162,066 121,737
Accrued Interest 15,221 24,347
Income Tax Payable 353 0
Derivative Instruments 27,560 58,418
Contingent Consideration 3,931 10,107
Other Current Liabilities 1,905 1,781
Total Current Liabilities 345,300 344,972
Long-term Debt, Net 1,756,949 1,525,413
Derivative Instruments 156,603 225,905
Asset Retirement Obligations 32,905 31,582
Other Noncurrent Liabilities 3,042 2,045
Total Liabilities 2,294,799 2,129,917
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, Par Value $.001; 135,000,000 Shares Authorized; 85,370,223 Shares Outstanding at 3/31/2023 85,165,807 Shares Outstanding at 12/31/2022 487 487
Additional Paid-In Capital 1,708,147 1,745,532
Retained Deficit (660,568) (1,000,759)
Total Stockholders’ Equity 1,048,067 745,260
Total Liabilities and Stockholders’ Equity $ 3,342,866 $ 2,875,178

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