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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 505,179 $ 48,135
Restricted cash 42,151 38,785
Accounts receivable    
Oil and natural gas revenues 224,860 164,242
Joint interest billings 180,947 48,366
Other 48,011 28,808
Derivative instruments 3,930 1,971
Lease and well equipment inventory 15,184 12,188
Prepaid expenses and other current assets 51,570 28,810
Total current assets 1,071,832 371,305
Oil and natural gas properties, full-cost method    
Evaluated 6,862,455 6,007,325
Unproved and unevaluated 977,502 964,714
Midstream properties 1,057,668 900,979
Midstream properties 32,847 30,123
Less accumulated depletion, depreciation and amortization (4,512,275) (4,046,456)
Net property and equipment 4,418,197 3,856,685
Other assets    
Other long-term assets 64,476 34,163
Total assets 5,554,505 4,262,153
Current liabilities    
Accounts payable 58,848 26,256
Accrued liabilities 261,310 253,283
Royalties payable 117,698 94,359
Amounts due to affiliates 32,803 27,324
Derivative instruments 0 16,849
Advances from joint interest owners 52,357 18,074
Other current liabilities 52,857 28,692
Total current liabilities 575,873 464,837
Long-term liabilities    
Borrowings under Credit Agreement 0 100,000
Borrowings under San Mateo Credit Facility 465,000 385,000
Senior unsecured notes payable 695,245 1,042,580
Asset retirement obligations 52,985 41,689
Deferred income taxes 428,351 77,938
Other long-term liabilities 19,960 22,721
Total long-term liabilities 1,661,541 1,669,928
Commitments and contingencies (Note 14)
Shareholders' equity    
Common stock — $0.01 par value, 160,000,000 shares authorized; 118,953,381 and 117,861,923 shares issued; and 118,948,624 and 117,850,233 shares outstanding, respectively 1,190 1,179
Additional paid-in capital 2,101,999 2,077,592
Retained earnings (accumulated deficit) 1,007,642 (171,318)
Treasury stock, at cost, 4,757 and 11,945 shares, respectively (34) (243)
Total shareholders' equity 3,110,797 1,907,210
Non-controlling interest in subsidiaries 206,294 220,178
Total shareholders’ equity 3,317,091 2,127,388
Total liabilities and shareholders’ equity $ 5,554,505 $ 4,262,153