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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 254,454 $ 24,743
Accounts receivable, net:    
Oil, natural gas, and NGL sales 362,262 32,673
Joint interest and other 66,390 14,748
Prepaid expenses and other 21,052 3,574
Inventory of oilfield equipment 12,386 9,185
Derivative assets 3,393 7,482
Total current assets 719,937 92,405
Property and equipment (successful efforts method):    
Proved properties 5,457,213 1,056,773
Less: accumulated depreciation, depletion, and amortization (430,201) (211,432)
Total proved properties, net 5,027,012 845,341
Unproved properties 688,895 98,122
Wells in progress 177,296 50,609
Other property and equipment, net of accumulated depreciation of $4,742 in 2021 and $3,737 in 2020 51,639 3,239
Total property and equipment, net 5,944,842 997,311
Right-of-use assets 39,885 29,705
Deferred income tax assets 22,284 60,520
Other noncurrent assets 14,085 2,871
Total assets 6,741,033 1,182,812
Current liabilities:    
Accounts payable and accrued expenses 246,188 12,093
Production taxes payable 144,408 25,332
Oil and natural gas revenue distribution payable 466,233 18,613
Lease liability 18,873 12,044
Derivative liability 219,804 6,402
Asset retirement obligations 24,000 0
Total current liabilities 1,119,506 74,484
Long-term liabilities:    
Senior notes 491,710 0
Lease liability 21,398 17,978
Ad valorem taxes 232,147 15,069
Derivative liability 19,959 1,330
Asset retirement obligations 201,315 28,699
Total liabilities 2,086,035 137,560
Commitments and contingencies (note 6)
Stockholders’ equity:    
Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding 0 0
Common stock, $.01 par value, 225,000,000 shares authorized, 84,572,846 and 20,839,227 issued and outstanding as of December 31, 2021 and 2020, respectively 4,912 4,282
Additional paid-in capital 4,199,108 707,209
Retained earnings 450,978 333,761
Total stockholders’ equity 4,654,998 1,045,252
Total liabilities and stockholders’ equity $ 6,741,033 $ 1,182,812