v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 94,822 $ 173,338
Restricted cash 4,417 4,417
Accounts receivable:    
Oil, NGL and natural gas sales 66,959 52,080
Joint interest, net of allowance for credit losses of $11,119 and $11,130 as of March 31, 2024 and December 31, 2023, respectively 18,280 15,480
Other 1,901 2,218
Prepaid expenses and other current assets (Note 11) 21,342 17,447
Total current assets 207,721 264,980
Oil and natural gas properties and other, net of accumulated depreciation, depletion and amortization of $8,247,718 and $8,213,781 as of March 31, 2024 and December 31, 2023, respectively 825,628 749,056
Restricted deposits for asset retirement obligations 22,346 22,272
Deferred income taxes 38,040 38,774
Other assets 32,740 38,923
Total assets 1,126,475 1,114,005
Current liabilities:    
Accounts payable 75,966 78,857
Accrued liabilities (Note 11) 15,559 31,978
Undistributed oil and natural gas proceeds 52,835 42,134
Advances from joint interest partners 2,864 2,962
Current portion of asset retirement obligations (Note 5) 37,745 31,553
Current portion of long-term debt, net (Note 3) 6,987 29,368
Total current liabilities 191,956 216,852
Asset retirement obligations (Note 5) 492,066 467,262
Long-term debt, net (Note 3) 384,241 361,236
Other liabilities 16,672 19,420
Commitments and contingencies (Note 6) 20,780 18,043
Shareholders' equity:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at March 31, 2024 and December 31, 2023
Common stock, $0.00001 par value; 400,000 shares authorized; 149,726 issued and 146,857 outstanding at March 31, 2024; 149,450 issued and 146,581 outstanding at December 31, 2023 1 1
Additional paid-in capital 588,563 586,014
Retained deficit (543,637) (530,656)
Treasury stock, at cost; 2,869 shares (24,167) (24,167)
Total shareholders' equity 20,760 31,192
Total liabilities and shareholders' equity $ 1,126,475 $ 1,114,005

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