Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 148,993 $ 461,357
Restricted cash 4,417 4,417
Accounts receivable:    
Oil and natural gas sales 48,522 66,146
Joint interest, net 16,049 14,000
Income taxes 275  
Total receivables 64,846 80,146
Prepaid expenses and other current assets (Note 1) 30,476 24,343
Total current assets 248,732 570,263
Oil and natural gas properties and other, net (Note 1) 771,454 735,215
Restricted deposits for asset retirement obligations 22,168 21,483
Deferred income taxes 42,633 57,280
Other assets (Note 1) 40,386 47,549
Total assets 1,125,373 1,431,790
Current liabilities:    
Accounts payable 80,412 65,158
Undistributed oil and natural gas proceeds 34,649 41,934
Advances from joint interest partners 3,106 3,181
Current portion of asset retirement obligation (Note 8) 33,169 25,359
Accrued liabilities (Note 1) 34,264 74,041
Current portion of long-term debt, net (Note 2) 30,015 582,249
Income taxes 53 412
Total current liabilities 215,668 792,334
Long-term debt, net (Note 2) 367,144 111,188
Asset retirement obligations (Note 8) 465,245 441,071
Other liabilities (Note 1) 29,448 59,134
Deferred income taxes 72 72
Commitments and contingencies (Note 12) 17,809 20,357
Shareholders' equity:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at September 30, 2023 and December 31, 2022
Common stock, $0.00001 par value; 200,000 shares authorized; 149,443 issued and 146,574 outstanding at September 30, 2023; 149,002 issued and 146,133 outstanding at December 31, 2022 1 1
Additional paid-in capital 582,900 576,588
Retained deficit (528,747) (544,788)
Treasury stock, at cost; 2,869 shares at September 30, 2023 and December 31, 2022 (24,167) (24,167)
Total shareholders' equity 29,987 7,634
Total liabilities and shareholders' equity $ 1,125,373 $ 1,431,790