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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 6,564 $ 15,319
Accounts receivable 38,583 35,126
Prepaid expenses 5,698 1,625
Inventory 6,351 6,177
Current derivative assets 1,638 5,013
Total current assets 58,834 63,260
Oil and natural gas properties, net (successful efforts) 856,388 846,901
Other property and equipment, net 20,545 20,653
Non-current derivative assets 705 2,296
Other non-current assets, net 19,894 12,601
Total Assets 956,366 945,711
Current Liabilities:    
Accounts payable 12,016 3,855
Accrued liabilities 20,684 33,159
Revenue payable 30,113 30,695
Current derivative liabilities 9,812 360
Current portion of long-term debt 20,000 20,000
Other current liabilities 7,131 6,276
Total Current Liabilities 99,756 94,345
Non-current derivative liabilities 2,763 0
Asset retirement obligations 21,108 19,255
Long-term debt 321,842 335,959
Deferred tax liabilities 75,231 73,345
Other non-current liabilities 1,056 1,212
Total Liabilities 521,756 524,116
Commitments and Contingencies (Note 13)
Shareholders' Equity:    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.000 par value, 240,000 shares authorized; $20,400 and 20,405 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 20 20
Additional paid-in capital 280,698 279,112
Retained earnings 153,892 142,463
Total Shareholders' Equity 434,610 421,595
Total Liabilities and Shareholders' Equity $ 956,366 $ 945,711