v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 99,726 $ 98,128
Restricted cash 1,383 1,383
Accounts receivable, net 24,879 23,878
Derivative contracts 0 114
Prepaid expenses 3,916 3,370
Other current assets 1,089 780
Total current assets 130,993 127,653
Oil and natural gas properties, using full cost method of accounting    
Proved 1,697,468 1,689,807
Unproved 27,934 23,504
Less: accumulated depreciation, depletion and impairment (1,422,624) (1,415,110)
Net oil and natural gas properties capitalized costs 302,778 298,201
Other property, plant and equipment, net 79,641 80,689
Derivative contracts 0 86
Other assets 2,046 2,081
Deferred tax assets, net of valuation allowance 72,801 72,801
Total assets 588,259 581,511
Current liabilities    
Accounts payable and accrued expenses 50,019 50,625
Derivative contracts 1,661 0
Asset retirement obligations 9,014 9,131
Other current liabilities 856 839
Total current liabilities 61,550 60,595
Derivative contracts 466 0
Asset retirement obligations 60,412 59,449
Other long-term obligations 918 936
Total liabilities 123,346 120,980
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 36,777 issued and outstanding at March 31, 2025 and 37,203 issued and outstanding at December 31, 2024 37 37
Additional paid-in capital 991,788 1,000,455
Accumulated deficit (526,912) (539,961)
Total stockholders’ equity 464,913 460,531
Total liabilities and stockholders’ equity $ 588,259 $ 581,511