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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 521 $ 3,671
Accrued production receivable 144,277 143,365
Trade and other receivables, net 27,343 19,270
Derivative assets 15,517 0
Prepaids 18,572 9,099
Total current assets 206,230 175,405
Oil and natural gas properties (using full cost accounting)    
Proved properties 1,414,779 1,109,011
Unevaluated properties 240,435 112,169
CO2 properties 190,985 183,369
Pipelines 220,125 224,394
CCUS storage sites and related assets 64,971 0
Other property and equipment 107,133 93,950
Less accumulated depletion, depreciation, amortization and impairment (306,743) (181,393)
Net property and equipment 1,931,685 1,541,500
Operating lease right-of-use assets 18,017 19,502
Intangible assets, net 79,128 88,248
Restricted cash for future asset retirement obligations 47,359 46,673
Other assets 45,080 31,625
Total assets 2,327,499 1,902,953
Current liabilities    
Accounts payable and accrued liabilities 248,800 191,598
Oil and gas production payable 80,368 75,899
Derivative liabilities 13,018 134,509
Operating lease liabilities 4,676 4,677
Total current liabilities 346,862 406,683
Long-term liabilities    
Long-term debt, net of current portion 29,000 35,000
Asset retirement obligations 315,942 284,238
Deferred tax liabilities, net 71,120 1,638
Operating lease liabilities 15,431 17,094
Other liabilities 16,527 22,910
Total long-term liabilities 448,020 360,880
Commitments and contingencies (Note 14)
Stockholders’ equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized; 49,814,874 and 50,193,656 shares issued, respectively 50 50
Paid-in capital in excess of par 1,047,063 1,129,996
Retained earnings 485,504 5,344
Total stockholders’ equity 1,532,617 1,135,390
Total liabilities and stockholders’ equity $ 2,327,499 $ 1,902,953