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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 52,662 $ 505,179
Restricted cash 53,636 42,151
Accounts receivable    
Oil and natural gas revenues 274,192 224,860
Joint interest billings 163,660 180,947
Other 35,102 48,011
Derivative instruments 2,112 3,930
Lease and well equipment inventory 41,808 15,184
Prepaid expenses and other current assets 92,700 51,570
Total current assets 715,872 1,071,832
Oil and natural gas properties, full-cost method    
Evaluated 9,633,757 6,862,455
Unproved and unevaluated 1,193,257 977,502
Midstream properties 1,318,015 1,057,668
Midstream properties 40,375 32,847
Less accumulated depletion, depreciation and amortization (5,228,963) (4,512,275)
Net property and equipment 6,956,441 4,418,197
Other assets    
Derivative instruments 558 0
Other long-term assets 54,125 64,476
Total other assets 54,683 64,476
Total assets 7,726,996 5,554,505
Current liabilities    
Accounts payable 68,185 58,848
Accrued liabilities 365,848 261,310
Royalties payable 161,983 117,698
Amounts due to affiliates 28,688 32,803
Advances from joint interest owners 19,954 52,357
Other current liabilities 40,617 52,857
Total current liabilities 685,275 575,873
Long-term liabilities    
Borrowings under Credit Agreement 500,000 0
Borrowings under San Mateo Credit Facility 522,000 465,000
Senior unsecured notes payable 1,184,627 695,245
Asset retirement obligations 87,485 52,985
Deferred income taxes 581,439 428,351
Other long-term liabilities 38,482 19,960
Total long-term liabilities 2,914,033 1,661,541
Commitments and contingencies (Note 14)
Shareholders' equity    
Common stock — $0.01 par value, 160,000,000 shares authorized; 119,478,282 and 118,953,381 shares issued; and 119,458,674 and 118,948,624 shares outstanding, respectively 1,194 1,190
Additional paid-in capital 2,133,172 2,101,999
Retained earnings 1,776,541 1,007,642
Treasury stock, at cost, 19,608 and 4,757 shares, respectively (45) (34)
Total shareholders' equity 3,910,862 3,110,797
Non-controlling interest in subsidiaries 216,826 206,294
Total shareholders’ equity 4,127,688 3,317,091
Total liabilities and shareholders’ equity $ 7,726,996 $ 5,554,505