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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 803 $ 521
Accrued production receivable 161,953 144,277
Trade and other receivables, net 18,239 27,343
Derivative assets 98 15,517
Prepaids 13,204 18,572
Total current assets 194,297 206,230
Oil and natural gas properties (using full cost accounting)    
Proved properties 1,882,430 1,414,779
Unevaluated properties 119,557 240,435
CO2 properties 199,609 190,985
Pipelines 223,779 220,125
CCUS storage sites and related assets 141,829 64,971
Other property and equipment 117,858 107,133
Less accumulated depletion, depreciation, amortization and impairment (427,759) (306,743)
Net property and equipment 2,257,303 1,931,685
Operating lease right-of-use assets 18,257 18,017
Derivative assets 26 0
Intangible assets, net 72,293 79,128
Restricted cash for future asset retirement obligations 49,027 47,359
Other assets 59,996 45,080
Total assets 2,651,199 2,327,499
Current liabilities    
Accounts payable and accrued liabilities 250,938 248,800
Oil and gas production payable 79,496 80,368
Derivative liabilities 40,813 13,018
Current maturities of long-term debt 13 0
Operating lease liabilities 5,136 4,676
Total current liabilities 376,396 346,862
Long-term liabilities    
Long-term debt, net of current portion 70,336 29,000
Asset retirement obligations 350,448 315,942
Derivative liabilities 336 0
Deferred tax liabilities, net 110,556 71,120
Operating lease liabilities 14,797 15,431
Other liabilities 12,556 16,527
Total long-term liabilities 559,029 448,020
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; 51,446,811 and 49,814,874 shares issued, respectively 51 50
Paid-in capital in excess of par 1,076,632 1,047,063
Retained Earnings (Accumulated Deficit) 639,091 485,504
Total stockholders’ equity 1,715,774 1,532,617
Total liabilities and stockholders’ equity $ 2,651,199 $ 2,327,499