Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 109,003 $ 173,338
Restricted cash 1,552 4,417
Accounts receivable:    
Oil, natural gas liquids and natural gas sales 63,558 52,080
Joint interest, net 25,841 15,480
Other   2,218
Prepaid expenses and other current assets 18,504 17,447
Total current assets 218,458 264,980
Oil and natural gas properties and other, net 777,741 749,056
Restricted deposits for asset retirement obligations 22,730 22,272
Deferred income taxes 48,808 38,774
Other assets 31,193 38,923
Total assets 1,098,930 1,114,005
Current liabilities:    
Accounts payable 83,625 78,857
Accrued liabilities 33,271 31,978
Undistributed oil and natural gas proceeds 53,131 42,134
Advances from joint interest partners 2,443 2,962
Current portion of asset retirement obligations 46,326 31,553
Current portion of long-term debt, net 27,288 29,368
Total current liabilities 246,084 216,852
Asset retirement obligations 502,506 467,262
Long-term debt, net 365,935 361,236
Other liabilities 16,182 19,420
Commitments and contingencies 20,800 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; 150,243 shares and 149,450 shares issued, respectively 2 1
Additional paid-in capital 595,407 586,014
Retained deficit (623,819) (530,656)
Treasury stock: 2,869 shares, at cost (24,167) (24,167)
Total shareholders' (deficit) equity (52,577) 31,192
Total liabilities and shareholders' (deficit) equity $ 1,098,930 $ 1,114,005