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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Accounts Receivable Accounts receivable is summarized below:
September 30, 2022December 31, 2021
(In thousands)
Oil, natural gas and NGL sales$26,380 $17,562 
Joint interest accounts receivable500 409 
Other accounts receivable583 31 
Total accounts receivable$27,463 $18,002 
Schedule of Other Non-current Assets, Net Other non-current assets consisted of the following:
September 30, 2022December 31, 2021
(In thousands)
Deferred financing costs, net$2,519 $1,345 
Prepayments to outside operators248 690 
Right of use assets1,477 208 
Other deposits63 50 
Total other non-current assets, net$4,307 $2,293 
Schedule of Accrued Liabilities Accrued liabilities consisted of the following:
September 30, 2022December 31, 2021
(In thousands)
Accrued capital expenditures$14,966 $5,618 
Accrued lease operating expenses4,315 2,534 
Accrued general and administrative costs4,750 3,404 
Other accrued expenditures4,754 1,318 
Total accrued liabilities$28,785 $12,874 
Schedule of Asset Retirement Obligations
Components of the changes in ARO for the nine months ended September 30, 2022 and the year ended December 31, 2021 are shown below:
September 30, 2022December 31, 2021
(In thousands)
ARO, beginning balance$2,453 $2,434 
Liabilities incurred348 56 
Revision of estimated obligations326 — 
Liability settlements and disposals(178)(58)
Accretion54 21 
ARO, ending balance3,003 2,453 
Less: current ARO(1)
(314)(192)
ARO, long-term$2,689 $2,261 
_____________________
(1)Current ARO is included within other current liabilities on the accompanying condensed consolidated balance sheets.
Disaggregation of Revenue
The following table presents oil and natural gas sales disaggregated by product:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In thousands)
Oil and natural gas sales:
Oil$80,017 $44,026 $224,895 $114,314 
Natural gas4,216 1,908 8,855 7,381 
Natural gas liquids3,238 2,080 8,147 4,527 
Total oil and natural gas sales, net$87,471 $48,014 $241,897 $126,222