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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 264,966 $ 593,151
Accounts receivable, net 1,031,542 781,738
Inventory 64,852 54,411
Prepaid expenses 20,485 17,624
Derivative instruments 26,776 23,735
Other current assets 595 11,853
Current assets held for sale 10,726 0
Total current assets 1,419,942 1,482,512
Property, plant and equipment    
Oil and gas properties (successful efforts method) 6,097,747 5,120,121
Other property and equipment 48,605 72,973
Less: accumulated depreciation, depletion and amortization (890,323) (481,751)
Total property, plant and equipment, net 5,256,029 4,711,343
Derivative instruments 43,610 37,965
Investment in unconsolidated affiliate 102,571 130,575
Long-term inventory 22,426 22,009
Operating right-of-use assets 24,858 23,875
Deferred tax assets 23,548 200,226
Other assets 19,554 22,576
Total assets 6,912,538 6,631,081
Current liabilities    
Accounts payable 2,603 29,056
Revenues and production taxes payable 627,202 607,964
Accrued liabilities 571,318 362,454
Accrued interest payable 8,600 3,172
Derivative instruments 114,598 341,541
Advances from joint interest partners 2,526 3,736
Current operating lease liabilities 13,543 9,941
Other current liabilities 42,025 3,469
Current liabilities held for sale 13,332 0
Total current liabilities 1,395,747 1,361,333
Long-term debt 395,475 394,209
Asset retirement obligations 130,015 146,029
Derivative instruments 7,125 2,829
Operating lease liabilities 22,141 13,266
Other liabilities 21,021 33,617
Total liabilities 1,971,524 1,951,283
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized; 44,645,418 shares issued and 41,373,010 shares outstanding at September 30, 2023; and 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 2022 448 438
Treasury stock, at cost: 3,272,408 shares at September 30, 2023 and 2,249,088 shares at December 31, 2022 (410,272) (251,950)
Additional paid-in capital 3,583,966 3,485,819
Retained earnings 1,766,872 1,445,491
Total stockholders’ equity 4,941,014 4,679,798
Total liabilities and stockholders’ equity $ 6,912,538 $ 6,631,081