v3.23.3
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 12,952 $ 2,528
Accounts Receivable, Net 363,516 271,336
Advances to Operators 25,431 8,976
Prepaid Expenses and Other 2,567 2,014
Derivative Instruments 65,160 35,293
Income Tax Receivable 0 338
Total Current Assets 469,626 320,485
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 8,135,649 6,492,683
Unproved 36,827 41,565
Other Property and Equipment 7,421 6,858
Total Property and Equipment 8,179,897 6,541,106
Less – Accumulated Depreciation, Depletion and Impairment (4,391,261) (4,058,180)
Total Property and Equipment, Net 3,788,636 2,482,926
Derivative Instruments 29,543 12,547
Acquisition Deposit 0 43,000
Other Noncurrent Assets, Net 16,861 16,220
Total Assets 4,304,666 2,875,178
Current Liabilities:    
Accounts Payable 235,129 128,582
Accrued Liabilities 154,882 121,737
Accrued Interest 32,074 24,347
Income Tax Payable 2,051 0
Derivative Instruments 176,339 58,418
Contingent Consideration 0 10,107
Other Current Liabilities 2,016 1,781
Total Current Liabilities 602,491 344,972
Long-term Debt, Net 2,057,359 1,525,413
Deferred Tax Liability 7,291 0
Derivative Instruments 190,086 225,905
Asset Retirement Obligations 36,799 31,582
Other Noncurrent Liabilities 2,847 2,045
Total Liabilities 2,896,873 2,129,917
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, Par Value $.001; 135,000,000 Shares Authorized; 93,032,638 Shares Outstanding at 9/30/2023 85,165,807 Shares Outstanding at 12/31/2022 495 487
Additional Paid-In Capital 1,873,940 1,745,532
Retained Deficit (466,642) (1,000,759)
Total Stockholders’ Equity 1,407,793 745,260
Total Liabilities and Stockholders’ Equity $ 4,304,666 $ 2,875,178

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