CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 57,529	$ 32,726
Accounts receivable, net	23,021	37,974
Assets from derivative contracts	8,992	16,244
Restricted cash	90	90
Prepaids and other	907	1,131
Total current assets	90,539	88,165
Oil and natural gas properties (full cost method):
Evaluated	755,482	713,585
Unevaluated	58,909	62,621
Gross oil and natural gas properties	814,391	776,206
Less - accumulated depletion	(445,975)	(390,796)
Net oil and natural gas properties	368,416	385,410
Other operating property and equipment:
Other operating property and equipment	4,640	4,434
Less - accumulated depreciation	(1,817)	(1,209)
Net other operating property and equipment	2,823	3,225
Other noncurrent assets:
Assets from derivative contracts	4,877	5,379
Operating lease right of use assets	1,027	352
Other assets	17,656	2,827
Total assets	485,338	485,358
Current liabilities:
Accounts payable and accrued liabilities	66,525	100,095
Liabilities from derivative contracts	17,191	29,286
Current portion of long-term debt	50,106	35,067
Operating lease liabilities	594	352
Asset retirement obligations		225
Total current liabilities	134,416	165,025
Long-term debt, net	140,276	182,676
Other noncurrent liabilities:
Liabilities from derivative contracts	16,058	33,649
Asset retirement obligations	17,458	15,244
Operating lease liabilities	490
Other	2,084	4,136
Commitments and contingencies (Note 10)
Temporary equity:
Series A redeemable convertible preferred stock: 98,000 shares of $0.0001 par value authorized, issued and outstanding as of December 31, 2023	106,535
Stockholders' equity:
Common stock: 100,000,000 shares of $0.0001 par value authorized;16,456,563 and 16,344,815 shares issued and outstanding as of December 31, 2023 and 2022, respectively	2	2
Additional paid-in capital	321,012	334,571
Accumulated deficit	(252,993)	(249,945)
Total stockholders' equity	68,021	84,628
Total liabilities and stockholders' equity	$ 485,338	$ 485,358