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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents   $ 20,746
Accounts receivable, net (see Note 12) $ 32,295 39,096
Short-term derivative instruments 15,556 17,669
Prepaid expenses and other current assets 22,306 20,672
Total current assets 70,157 98,183
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 927,402 873,478
Support equipment and facilities 150,407 149,069
Other 11,396 10,359
Accumulated depreciation, depletion and amortization (710,334) (686,165)
Property and equipment, net 378,871 346,741
Long-term derivative instruments 4,419 9,405
Restricted investments 27,451 19,935
Operating lease - long term right-of-use asset 4,613 5,756
Deferred tax asset 250,713 253,796
Other long-term assets 2,992 3,858
Total assets 739,216 737,674
Current liabilities:    
Accounts payable 18,107 23,616
Revenues payable 11,362 21,944
Accrued liabilities (see Note 12) 36,699 50,871
Total current liabilities 66,168 96,431
Long-term debt (see Note 7) 120,000 115,000
Asset retirement obligations 127,556 122,001
Operating lease liability 3,806 5,090
Other long-term liabilities 7,016 8,116
Total liabilities 324,546 346,638
Commitments and contingencies (see Note 14)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at September 30, 2024 and December 31, 2023
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,789,500 and 39,147,205 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 400 393
Additional paid-in capital 438,309 435,095
Accumulated deficit (24,039) (44,452)
Total stockholders' equity (deficit) 414,670 391,036
Total liabilities and equity $ 739,216 $ 737,674