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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,259 $ 3,260
Accounts receivable—oil, natural gas, and natural gas liquids sales 278,404 232,854
Accounts receivable—joint interest and other 21,478 20,383
Prepaid expenses and other current assets 7,621 12,359
Short-term derivative instruments 87,508 4,695
Total current assets 402,270 273,551
Property and equipment:    
Proved oil and natural gas properties 2,418,666 1,917,833
Unproved properties 178,472 211,007
Other property and equipment 6,363 5,329
Total property and equipment 2,603,501 2,134,169
Less: accumulated depletion, depreciation, amortization and impairment (545,771) (278,341)
Total property and equipment, net 2,057,730 1,855,828
Other assets:    
Long-term derivative instruments 26,525 18,664
Operating lease assets 26,713 322
Other assets 21,241 19,867
Total other assets 74,479 38,853
Total assets 2,534,479 2,168,232
Current liabilities:    
Accounts Payable and Accrued Liabilities, Current 437,384 394,011
Short-term derivative instruments 343,522 240,735
Current portion of operating lease liabilities 12,414 182
Total current liabilities 793,320 634,928
Non-current liabilities:    
Long-term derivative instruments 118,404 184,580
Asset retirement obligation 33,171 28,264
Non-current operating lease liabilities 14,299 140
Long-term debt, net of current maturities 694,155 712,946
Total non-current liabilities 860,029 925,930
Total liabilities 1,653,349 1,560,858
Commitments and contingencies (Notes 18 and 19)
Mezzanine Equity:    
Preferred Stock - $0.0001 par value, 110.0 thousand shares authorized, 52.3 thousand issued and outstanding at December 31, 2022, and 57.9 thousand issued and outstanding at December 31, 2021 52,295 57,896
Stockholders’ equity:    
Common Stock - $0.0001 par value, 42.0 million shares authorized, 19.1 million issued and outstanding at December 31, 2022, and 20.6 million issued and outstanding at December 31, 2021 2 2
Additional paid-in capital 449,243 692,521
Common Stock held in reserve, 62 thousand shares at December 31, 2022, and 938 thousand shares at December 31, 2021 (1,996) (30,216)
Retained earnings (accumulated deficit) 381,872 (112,829)
Treasury stock, at cost - 3.9 thousand shares at December 31, 2022, and no shares at December 31, 2021 (286) 0
Total stockholders’ equity 828,835 549,478
Liabilities and Equity, Total $ 2,534,479 $ 2,168,232