v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 383 $ 3,290
Accrued revenue and accounts receivable 125,807 123,361
Prepaid assets 8,453 6,760
Derivative asset 0 1,811
Total current assets 134,643 135,222
Oil and natural gas properties, successful efforts method:    
Unproved properties 2,373,097 2,464,836
Proved properties 3,055,145 2,941,347
Other property and equipment 4,309 3,737
Accumulated depreciation, depletion, amortization, and impairment (972,012) (818,633)
Total property and equipment, net 4,460,539 4,591,287
Long-term assets    
Deferred financing costs 6,984 8,525
Operating lease right-of-use asset 5,569 5,940
Other long-term assets 2,680 2,746
Total long-term assets 15,233 17,211
TOTAL ASSETS 4,610,415 4,743,720
Current liabilities    
Accounts payable and accrued expenses 31,556 46,385
Operating lease liability 1,792 1,646
Total current liabilities 33,348 48,031
Long-term liabilities    
Long-term debt 1,079,618 1,078,181
Deferred tax liability 247,255 253,778
Non-current operating lease liability 5,064 5,462
Other long-term liabilities 1,150 1,150
Total long-term liabilities 1,333,087 1,338,571
Total liabilities 1,366,435 1,386,602
Commitments and contingencies (see Note 15)
Equity    
Additional paid-in capital 1,660,081 1,710,372
Accumulated deficit (129,236) (146,792)
Noncontrolling interest 1,843,219 1,891,697
Total equity 3,243,980 3,357,118
TOTAL LIABILITIES AND EQUITY 4,610,415 4,743,720
Class A Common Stock    
Equity    
Common stock 8 8
Treasury stock (128,364) (96,910)
Class C Common Stock    
Equity    
Common stock 8 8
Treasury stock $ (1,736) $ (1,265)