v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 123,375 $ 173,338
Restricted cash 4,417 4,417
Accounts receivable:    
Oil, NGL and natural gas sales 71,547 52,080
Joint interest, net of allowance for credit losses of $11,358 and $11,130 as of June 30, 2024 and December 31, 2023, respectively 20,478 15,480
Other 2,223 2,218
Prepaid expenses and other current assets (Note 11) 25,890 17,447
Total current assets 247,930 264,980
Oil and natural gas properties and other, net of accumulated depreciation, depletion and amortization of $8,284,392 and $8,213,781 as of June 30, 2024 and December 31, 2023, respectively 802,401 749,056
Restricted deposits for asset retirement obligations 22,479 22,272
Deferred income taxes 42,365 38,774
Other assets 33,396 38,923
Total assets 1,148,571 1,114,005
Current liabilities:    
Accounts payable 89,129 78,857
Accrued liabilities (Note 11) 29,004 31,978
Undistributed oil and natural gas proceeds 63,150 42,134
Advances from joint interest partners 2,565 2,962
Current portion of asset retirement obligations (Note 5) 35,627 31,553
Current portion of long-term debt, net (Note 3) 14,925 29,368
Total current liabilities 234,400 216,852
Asset retirement obligations (Note 5) 498,848 467,262
Long-term debt, net (Note 3) 376,979 361,236
Other liabilities 16,668 19,420
Commitments and contingencies (Note 6) 16,671 18,043
Shareholders' equity:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at June 30, 2024 and December 31, 2023
Common stock, $0.00001 par value; 400,000 shares authorized; 150,032 issued and 147,163 outstanding at June 30, 2024; 149,450 issued and 146,581 outstanding at December 31, 2023 2 1
Additional paid-in capital 589,678 586,014
Retained deficit (560,508) (530,656)
Treasury stock, at cost; 2,869 shares (24,167) (24,167)
Total shareholders' equity 5,005 31,192
Total liabilities and shareholders' equity $ 1,148,571 $ 1,114,005

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