XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 531 $ 521
Accrued production receivable 131,422 144,277
Trade and other receivables, net 21,800 27,343
Derivative assets 36,809 15,517
Prepaids 20,117 18,572
Total current assets 210,679 206,230
Oil and natural gas properties (using full cost accounting)    
Proved properties 1,751,158 1,414,779
Unevaluated properties 114,320 240,435
CO2 properties 193,432 190,985
Pipelines 219,748 220,125
CCUS storage sites and related assets 114,190 64,971
Other property and equipment 115,086 107,133
Less accumulated depletion, depreciation, amortization and impairment (382,591) (306,743)
Net property and equipment 2,125,343 1,931,685
Operating lease right-of-use assets 19,425 18,017
Derivative assets 1,269 0
Intangible assets, net 74,571 79,128
Restricted cash for future asset retirement obligations 48,405 47,359
Other assets 61,927 45,080
Total assets 2,541,619 2,327,499
Current liabilities    
Accounts payable and accrued liabilities 221,173 248,800
Oil and gas production payable 70,455 80,368
Derivative liabilities 0 13,018
Operating lease liabilities 5,098 4,676
Total current liabilities 296,726 346,862
Long-term liabilities    
Long-term debt, net of current portion 85,153 29,000
Asset retirement obligations 312,372 315,942
Deferred tax liabilities, net 118,171 71,120
Operating lease liabilities 16,075 15,431
Other liabilities 12,969 16,527
Total long-term liabilities 544,740 448,020
Commitments and Contingencies
Stockholders’ equity    
Preferred stock, $.001 par value, 50,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $.001 par value, 250,000,000 shares authorized; 50,473,001 and 49,814,874 shares issued, respectively 50 50
Paid-in capital in excess of par 1,058,119 1,047,063
Retained Earnings (Accumulated Deficit) 641,984 485,504
Total stockholders’ equity 1,700,153 1,532,617
Total liabilities and stockholders’ equity $ 2,541,619 $ 2,327,499