Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 171,627 $ 461,357
Restricted cash 4,417 4,417
Receivables:    
Oil and natural gas sales 41,342 66,146
Joint interest, net 13,875 14,000
Income taxes 1,941  
Total receivables 57,158 80,146
Prepaid expenses and other assets (Note 1) 21,365 24,343
Total current assets 254,567 570,263
Oil and natural gas properties and other, net (Note 1) 737,740 735,215
Restricted deposits for asset retirement obligations 22,092 21,483
Deferred income taxes 45,700 57,280
Other assets (Note 1) 42,118 47,549
Total assets 1,102,217 1,431,790
Current liabilities:    
Accounts payable 67,293 65,158
Undistributed oil and natural gas proceeds 31,178 41,934
Advances from joint interest partners 3,110 3,181
Asset retirement obligations (Note 7) 37,763 25,359
Accrued liabilities (Note 1) 39,323 74,041
Current portion of long-term debt, net 30,550 582,249
Income tax payable 10 412
Total current liabilities 209,227 792,334
Long-term debt (Note 2)    
Principal 382,697 114,158
Unamortized debt issuance costs (9,676) (2,970)
Long-term debt, net (Note 2) 373,021 111,188
Asset retirement obligations, less current portion (Note 7) 443,069 441,071
Other liabilities (Note 1) 35,041 59,134
Deferred income taxes 72 72
Commitments and contingencies (Note 11) 16,996 20,357
Shareholders' equity:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at June 30, 2023 and December 31, 2022
Common stock, $0.00001 par value; 200,000 shares authorized; 149,350 issued and 146,481 outstanding at June 30, 2023; 149,002 issued and 146,133 outstanding at December 31, 2022 1 1
Additional paid-in capital 579,849 576,588
Retained deficit (530,892) (544,788)
Treasury stock, at cost; 2,869 shares at June 30, 2023 and December 31, 2022 (24,167) (24,167)
Total shareholders' equity 24,791 7,634
Total liabilities and shareholders' equity $ 1,102,217 $ 1,431,790