v3.22.2.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 9,129 $ 9,519
Accounts Receivable, Net 318,139 193,554
Advances to Operators 13,133 6,319
Prepaid Expenses and Other 2,293 3,417
Derivative Instruments 34,000 2,519
Total Current Assets 376,694 215,328
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 5,931,821 5,034,769
Unproved 57,775 24,998
Other Property and Equipment 6,857 2,616
Total Property and Equipment 5,996,453 5,062,383
Less – Accumulated Depreciation, Depletion and Impairment (3,981,393) (3,809,041)
Total Property and Equipment, Net 2,015,060 1,253,342
Derivative Instruments 35,292 1,863
Acquisition Deposit 28,500 40,650
Other Noncurrent Assets, Net 15,930 11,683
Total Assets 2,471,476 1,522,866
Current Liabilities:    
Accounts Payable 142,678 65,464
Accrued Liabilities 114,850 105,590
Accrued Interest 5,967 20,498
Derivative Instruments 113,409 134,283
Contingent Consideration 1,859 0
Other Current Liabilities 2,983 1,722
Total Current Liabilities 381,746 327,557
Long-term Debt, Net 1,169,220 803,437
Derivative Instruments 179,384 147,762
Asset Retirement Obligations 29,913 25,865
Other Noncurrent Liabilities 2,116 3,110
Total Liabilities 1,762,379 1,307,731
Commitments and Contingencies
Stockholders’ Equity (Deficit)    
Preferred Stock, Par Value $.001; 5,000,000 Shares Authorized; 1,643,732 Series A Shares Outstanding at 9/30/2022 2,218,732 Series A Shares Outstanding at 12/31/2021 2 2
Common Stock, Par Value $.001; 135,000,000 Shares Authorized; 78,879,200 Shares Outstanding at 9/30/2022 77,341,921 Shares Outstanding at 12/31/2021 481 479
Additional Paid-In Capital 1,854,441 1,988,649
Retained Deficit (1,145,827) (1,773,996)
Total Stockholders’ Equity 709,097 215,135
Total Liabilities and Stockholders’ Equity $ 2,471,476 $ 1,522,866

Source