v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 35,366 $ 120,814
Accounts receivable 44,718 28,218
Earnest payments 10,606 154
Other current assets 10,630 7,528
Total current assets 101,320 156,714
Oil and gas properties 1,194,086 1,006,221
Accumulated depletion (171,634) (140,376)
Net oil and gas properties 1,022,452 865,845
Right-of-use assets, net 9,931 6,010
Other noncurrent assets 969 501
Total Assets 1,134,672 1,029,070
Current liabilities    
Accounts payable 43,455 41,824
Current portion of long-term debt 132,864 103,240
Current portion of deferred closings 7,242 7,189
Escrow account 7,127 16,356
Current operating lease liabilities 343 656
Accrued and other liabilities 67,581 57,346
Total current liabilities 258,612 226,611
Long-term debt, net of current portion 853,507 795,215
Accrued interest 33,395 26,079
Deferred closings 3,508 3,324
Operating lease liabilities 10,234 5,860
Asset retirement obligations 1,505 1,181
Other noncurrent liabilities 2,370 4,858
Total liabilities 1,163,131 1,063,128
Commitments and contingencies (Note 12)
Member's equity (deficit)    
Member's equity 434 434
Accumulated deficit (28,893) (34,492)
Total member's deficit (28,459) (34,058)
Total Liabilities and Member's Equity (Deficit) $ 1,134,672 $ 1,029,070