v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 215,475 $ 245,799
Restricted cash 4,417 4,417
Receivables:    
Oil and natural gas sales 92,693 54,919
Joint interest, net 14,221 9,745
Total receivables 106,914 64,664
Prepaid expenses and other assets (Note 1) 103,061 43,379
Total current assets 429,867 358,259
Oil and natural gas properties and other, net (Note 1) 731,692 665,252
Restricted deposits for asset retirement obligations 21,958 16,019
Deferred income taxes 103,238 102,505
Other assets (Note 1) 63,392 51,172
Total assets 1,350,147 1,193,207
Current liabilities:    
Accounts payable 69,195 67,409
Undistributed oil and natural gas proceeds 33,575 36,243
Advances from joint interest partners 6,521 15,072
Asset retirement obligations 67,274 56,419
Accrued liabilities (Note 1) 209,845 106,140
Current portion of long-term debt 39,881 42,960
Income tax payable 177 133
Total current liabilities 426,468 324,376
Long-term debt, net (Note 2) 680,436 687,938
Asset retirement obligations, less current portion 407,682 368,076
Other liabilities (Note 1) 80,338 55,389
Deferred income taxes 113 113
Commitments and contingencies (Note 12) 4,495 4,495
Shareholders' deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at March 31, 2022 and December 31, 2021
Common stock, $0.00001 par value; 200,000 shares authorized; 145,881 issued and 143,012 outstanding at March 31, 2022; 145,732 issued and 142,863 outstanding at December 31, 2021 1 1
Additional paid-in capital 553,175 552,923
Retained deficit (778,394) (775,937)
Treasury stock, at cost; 2,869 shares at March 31, 2022 and December 31, 2021 (24,167) (24,167)
Total shareholders' deficit (249,385) (247,180)
Total liabilities and shareholders' deficit $ 1,350,147 $ 1,193,207

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