v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 120,723 $ 109,003
Restricted cash 1,552 1,552
Accounts receivable:    
Oil, natural gas liquids and natural gas sales 58,175 63,558
Joint interest, net of allowance for credit losses of $10,418 and $10,414, respectively 31,659 25,841
Prepaid expenses and other current assets 25,835 18,504
Total current assets 237,944 218,458
Oil and natural gas properties and other, net of accumulated depletion and amortization of $8,416,113 and $8,356,776, respectively 674,597 777,741
Restricted deposits for asset retirement obligations 23,087 22,730
Deferred income taxes 56,637 48,808
Other assets 31,561 31,193
Total assets 1,023,826 1,098,930
Current liabilities:    
Accounts payable 87,158 83,625
Accrued liabilities 25,072 33,271
Undistributed oil and natural gas proceeds 53,532 53,131
Advances from joint interest partners 2,430 2,443
Current portion of asset retirement obligations 31,813 46,326
Current portion of long-term debt, net 579 27,288
Total current liabilities 200,584 246,084
Asset retirement obligations 524,980 502,506
Long-term debt, net 349,508 365,935
Other liabilities 17,464 16,182
Commitments and contingencies 34,011 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; 151,162 shares and 150,243 shares issued, respectively 2 2
Additional paid-in capital 599,945 595,407
Retained deficit (678,501) (623,819)
Treasury stock: 2,869 shares, at cost (24,167) (24,167)
Total shareholders' deficit (102,721) (52,577)
Total liabilities and shareholders' deficit $ 1,023,826 $ 1,098,930