Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 126,544 $ 173,338
Restricted cash 4,417 4,417
Accounts receivable:    
Oil, natural gas liquids and natural gas sales 52,025 52,080
Joint interest, net of allowance for credit losses of $10,986 and $11,130, respectively 19,753 15,480
Other 557 2,218
Prepaid expenses and other current assets (Note 12) 23,116 17,447
Total current assets 226,412 264,980
Oil and natural gas properties and other, net of accumulated depreciation, depletion and amortization of $8,318,568 and $8,213,781, respectively 798,705 749,056
Restricted deposits for asset retirement obligations 22,625 22,272
Deferred income taxes 46,910 38,774
Other assets 32,624 38,923
Total assets 1,127,276 1,114,005
Current liabilities:    
Accounts payable 86,866 78,857
Accrued liabilities (Note 12) 21,629 31,978
Undistributed oil and natural gas proceeds 54,461 42,134
Advances from joint interest partners 2,489 2,962
Current portion of asset retirement obligations (Note 5) 45,139 31,553
Current portion of long-term debt, net (Note 3) 20,968 29,368
Total current liabilities 231,552 216,852
Asset retirement obligations (Note 5) 509,888 467,262
Long-term debt, net (Note 3) 371,596 361,236
Other liabilities 16,665 19,420
Commitments and contingencies (Note 6) 29,085 18,043
Shareholders' (deficit) equity:    
Preferred stock: $0.00001 par value; 20,000 shares authorized; no shares issued
Common stock: $0.00001 par value; 400,000 shares authorized; 150,214 shares and 149,450 shares issued, respectively 2 1
Additional paid-in capital 591,602 586,014
Retained deficit (598,947) (530,656)
Treasury stock: 2,869 shares, at cost (24,167) (24,167)
Total shareholders' (deficit) equity (31,510) 31,192
Total liabilities and shareholders' (deficit) equity $ 1,127,276 $ 1,114,005