v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 105,933 $ 109,003
Restricted cash 1,552 1,552
Accounts receivable:    
Oil, natural gas liquids and natural gas sales 64,991 63,558
Joint interest, net of allowance for credit losses of $10,389 and $10,414, respectively 26,884 25,841
Prepaid expenses and other current assets 22,570 18,504
Total current assets 221,930 218,458
Oil and natural gas properties and other, net of accumulated depletion and amortization of $8,389,667 and $8,356,776, respectively 691,788 777,741
Restricted deposits for asset retirement obligations 22,892 22,730
Deferred income taxes 54,332 48,808
Other assets 34,004 31,193
Total assets 1,024,946 1,098,930
Current liabilities:    
Accounts payable 77,978 83,625
Accrued liabilities 19,210 33,271
Undistributed oil and natural gas proceeds 58,647 53,131
Advances from joint interest partners 2,432 2,443
Current portion of asset retirement obligations 29,098 46,326
Current portion of long-term debt, net 566 27,288
Total current liabilities 187,931 246,084
Asset retirement obligations 532,753 502,506
Long-term debt, net 349,481 365,935
Other liabilities 17,381 16,182
Commitments and contingencies 20,196 20,800
Shareholders' deficit:    
Preferred stock: $0.00001 par value; 20,000 shares authorized; no shares issued
Common stock: $0.00001 par value; 400,000 shares authorized; 150,512 shares and 150,243 shares issued, respectively 2 2
Additional paid-in capital 597,271 595,407
Retained deficit (655,902) (623,819)
Treasury stock: 2,869 shares, at cost (24,167) (24,167)
Total shareholders' deficit (82,796) (52,577)
Total liabilities and shareholders' deficit $ 1,024,946 $ 1,098,930