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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 317,998 $ 593,151
Accounts receivable, net 943,114 781,738
Inventory 72,565 54,411
Prepaid expenses 42,450 17,624
Derivative instruments 37,369 23,735
Other current assets 11,055 11,853
Total current assets 1,424,551 1,482,512
Property, plant and equipment    
Oil and gas properties (successful efforts method) 6,320,243 5,120,121
Other property and equipment 49,051 72,973
Less: accumulated depreciation, depletion and amortization (1,054,616) (481,751)
Total property, plant and equipment, net 5,314,678 4,711,343
Derivative instruments 22,526 37,965
Investment in unconsolidated affiliate 100,172 130,575
Long-term inventory 22,936 22,009
Operating right-of-use assets 21,343 23,875
Deferred tax assets 0 200,226
Other assets 19,944 22,576
Total assets 6,926,150 6,631,081
Current liabilities    
Accounts payable 34,453 29,056
Revenues and production taxes payable 604,704 607,964
Accrued liabilities 493,381 362,454
Accrued interest payable 2,157 3,172
Derivative instruments 14,209 341,541
Advances from joint interest partners 2,381 3,736
Current operating lease liabilities 13,258 9,941
Other current liabilities 916 3,469
Total current liabilities 1,165,459 1,361,333
Long-term debt 395,902 394,209
Deferred tax liabilities 95,322 0
Asset retirement obligations 155,040 146,029
Derivative instruments 717 2,829
Operating lease liabilities 18,667 13,266
Other liabilities 18,419 33,617
Total liabilities 1,849,526 1,951,283
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized, 45,032,537 shares issued and 41,249,658 shares outstanding at December 31, 2023; and 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 2022 456 438
Treasury stock, at cost: 3,782,879 shares at December 31, 2023 and 2,249,088 shares at December 31, 2022 (493,289) (251,950)
Additional paid-in-capital 3,608,819 3,485,819
Retained earnings 1,960,638 1,445,491
Total stockholders’ equity 5,076,624 4,679,798
Total liabilities and stockholders’ equity $ 6,926,150 $ 6,631,081