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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 377,724 $ 245,799
Restricted cash 4,417 4,417
Receivables:    
Oil and natural gas sales 99,155 54,919
Joint interest, net 13,370 9,745
Total receivables 112,525 64,664
Prepaid expenses and other assets (Note 1) 53,073 43,379
Total current assets 547,739 358,259
Oil and natural gas properties and other, net (Note 1) 741,390 665,252
Restricted deposits for asset retirement obligations 21,667 16,019
Deferred income taxes 75,474 102,505
Other assets (Note 1) 53,538 51,172
Total assets 1,439,808 1,193,207
Current liabilities:    
Accounts payable 81,031 67,409
Undistributed oil and natural gas proceeds 51,215 36,243
Advances from joint interest partners 5,259 15,072
Asset retirement obligations 51,504 56,419
Accrued liabilities (Note 1) 153,967 106,140
Current portion of long-term debt 37,199 42,960
Income tax payable 3,356 133
Total current liabilities 383,531 324,376
Long-term debt, net (Note 2) 671,974 687,938
Asset retirement obligations, less current portion 409,265 368,076
Other liabilities (Note 1) 94,257 55,389
Deferred income taxes 113 113
Commitments and contingencies (Note 12) 5,037 4,495
Shareholders' deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; none issued at June 30, 2022 and December 31, 2021
Common stock, $0.00001 par value; 200,000 shares authorized; 146,024 issued and 143,154 outstanding at June 30, 2022; 145,732 issued and 142,863 outstanding at December 31, 2021 1 1
Additional paid-in capital 554,755 552,923
Retained deficit (654,958) (775,937)
Treasury stock, at cost; 2,869 shares at June 30, 2022 and December 31, 2021 (24,167) (24,167)
Total shareholders' deficit (124,369) (247,180)
Total liabilities and shareholders' deficit $ 1,439,808 $ 1,193,207