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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,275 $ 13,301
Accounts receivable 24,640 25,551
Prepaid expenses and other current assets 2,242 3,236
Inventory 7,892 8,886
Current derivative assets 1,637 20
Total current assets 38,686 50,994
Oil and natural gas properties, net (successful efforts) 472,722 440,102
Other property and equipment, net 20,012 20,023
Non-current derivative assets 939 0
Funds held in escrow 33,000 0
Other non-current assets, net 9,784 4,175
Total Assets 575,143 515,294
Current Liabilities:    
Accounts payable 17,002 3,939
Accounts payable - related parties 348 324
Accrued liabilities 21,518 35,582
Revenue payable 19,361 17,750
Current derivative liabilities 8,019 16,472
Other current liabilities 5,382 2,238
Total Current Liabilities 71,630 76,305
Non-current derivative liabilities 178 12
Asset retirement obligations 2,860 2,724
Revolving credit facility 89,000 56,000
Deferred tax liabilities 51,039 45,756
Other non-current liabilities 964 1,051
Total Liabilities 215,671 181,848
Commitments and Contingencies (Note 12)
Shareholders' Equity:    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 240,000,000 shares authorized; 20,169,434 and 20,160,980 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 20 20
Additional paid-in capital 275,669 274,643
Retained earnings 83,783 58,783
Total Shareholders' Equity 359,472 333,446
Total Liabilities and Shareholders' Equity $ 575,143 $ 515,294