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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 48,135 $ 57,916
Restricted cash 38,785 33,467
Accounts receivable    
Oil and natural gas revenues 164,242 85,098
Joint interest billings 48,366 34,823
Other 28,808 17,212
Derivative instruments 1,971 6,727
Lease and well equipment inventory 12,188 10,584
Prepaid expenses and other current assets 28,810 15,802
Total current assets 371,305 261,629
Oil and natural gas properties, full-cost method    
Evaluated 6,007,325 5,295,931
Unproved and unevaluated 964,714 902,133
Midstream properties 900,979 841,695
Midstream properties 30,123 29,561
Less accumulated depletion, depreciation and amortization (4,046,456) (3,701,551)
Net property and equipment 3,856,685 3,367,769
Other assets    
Derivative instruments 0 2,570
Other long-term assets 34,163 55,312
Total assets 4,262,153 3,687,280
Current liabilities    
Accounts payable 26,256 13,982
Accrued liabilities 253,283 119,158
Royalties payable 94,359 66,049
Amounts due to affiliates 27,324 4,934
Derivative instruments 16,849 45,186
Advances from joint interest owners 18,074 4,191
Other current liabilities 28,692 37,436
Total current liabilities 464,837 290,936
Long-term liabilities    
Borrowings under Credit Agreement 100,000 440,000
Borrowings under San Mateo Credit Facility 385,000 334,000
Senior unsecured notes payable 1,042,580 1,040,998
Asset retirement obligations 41,689 37,919
Deferred income taxes 77,938 0
Other long-term liabilities 22,721 30,402
Total long-term liabilities 1,669,928 1,883,319
Commitments and contingencies (Note 14)
Shareholders' equity    
Common stock — $0.01 par value, 160,000,000 shares authorized; 117,861,923 and 116,847,003 shares issued; and 117,850,233 and 116,844,768 shares outstanding, respectively 1,179 1,169
Additional paid-in capital 2,077,592 2,027,069
Accumulated deficit (171,318) (741,705)
Treasury stock, at cost, 11,945 and 2,235 shares, respectively (243) (3)
Total shareholders' equity 1,907,210 1,286,530
Non-controlling interest in subsidiaries 220,178 226,495
Total shareholders’ equity 2,127,388 1,513,025
Total liabilities and shareholders’ equity $ 4,262,153 $ 3,687,280