XML 24 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 552 $ 10,007
Revenue receivable 44,915 41,393
Commodity derivatives (Note 6) 10,038 2,112
Prepaid expenses and other current assets 2,841 841
Total current assets 58,346 54,353
Oil and Gas Properties-Using the successful efforts method of accounting (Note 2)    
Proved oil and gas properties 1,168,378 985,751
Less accumulated DD&A and impairment (464,036) (382,974)
Total oil and gas properties 704,342 602,777
Other Property and Equipment—Net 189 114
Other Assets    
Commodity derivatives (Note 6) 1,109 1,155
Other noncurrent assets 1,984 2,085
Total other assets 3,093 3,240
Total assets 765,970 660,484
Current Liabilities    
Accounts payable 27,692 7,207
Accrued liabilities (Note 7) 32,507 25,849
Commodity derivatives (Note 6) 0 3,439
Other current liabilities 204 184
Total current liabilities 60,403 36,679
Long-term Liabilities    
Revolving credit facility (Note 5) 81,000 48,000
Deferred tax liability (Note 13) 64,329 0
Asset retirement obligations (Note 8) 8,353 6,823
Other noncurrent liabilities 5,479 0
Total liabilities 219,564 91,502
Commitments and contingencies (Note 11)
Redeemable Management Incentive Units (Note 12)   4,559
Equity (Note 12)    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at December 31, 2023 0  
Common stock, $0.01 par value, 95,000,000 shares authorized; 32,812,007 shares issued at December 31, 2023 328  
Additional paid-in capital 567,654  
Accumulated deficit (21,576)  
Predecessor members' equity-common units-450,000,000 units outstanding (Note 12)   564,423
Total liabilities, redeemable units, and equity $ 765,970 $ 660,484