v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 25,856 $ 8,933
Accounts Receivable, Net 410,245 389,673
Advances to Operators 24,641 12,291
Prepaid Expenses and Other 6,517 5,271
Derivative Instruments 109,281 46,525
Income Tax Receivable 11,817 38,050
Total Current Assets 588,357 500,743
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 10,850,664 10,307,376
Unproved 35,307 42,702
Other Property and Equipment 8,678 8,197
Total Property and Equipment 10,894,649 10,358,275
Less – Accumulated Depreciation, Depletion and Impairment (5,801,503) (5,276,105)
Total Property and Equipment, Net 5,093,146 5,082,170
Derivative Instruments 1,311 9,832
Other Noncurrent Assets, Net 19,679 11,077
Total Assets 5,702,493 5,603,822
Current Liabilities:    
Accounts Payable 173,911 202,866
Accrued Liabilities and Other 310,162 321,489
Derivative Instruments 4,124 19,915
Total Current Liabilities 488,197 544,270
Long-term Debt, Net 2,365,942 2,369,294
Deferred Tax Liability 298,749 228,038
Derivative Instruments 86,187 93,606
Asset Retirement Obligations 48,376 45,907
Other Noncurrent Liabilities 2,023 2,272
Total Liabilities 3,289,474 3,283,387
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, Par Value $0.001; 270,000,000 Shares Authorized; 97,594,682 Shares Outstanding at 6/30/2025 99,113,645 Shares Outstanding at 12/31/2024 500 501
Additional Paid-In Capital 1,731,434 1,877,416
Retained Earnings 681,085 442,518
Total Stockholders’ Equity 2,413,019 2,320,435
Total Liabilities and Stockholders’ Equity $ 5,702,493 $ 5,603,822