v3.25.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 0 $ 0
Accounts receivable, net (see Note 13) 34,692 39,713
Short-term derivative instruments 9,909 6,385
Prepaid expenses and other current assets 25,412 25,679
Total current assets 70,013 71,777
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 886,441 942,981
Support equipment and facilities 153,825 150,511
Other 12,126 11,478
Accumulated depreciation, depletion and amortization (668,463) (718,752)
Property and equipment, net 383,929 386,218
Long-term derivative instruments 0 233
Restricted investments 35,093 29,993
Operating lease - long term right-of-use asset 4,136 4,540
Deferred tax asset 251,718 251,600
Assets held for sale - non-current assets 24,333 0
Other long-term assets 2,085 2,715
Total assets 771,307 747,076
Current liabilities:    
Accounts payable 30,303 13,231
Revenues payable 11,736 11,494
Accrued liabilities (see Note 13) 41,215 43,413
Total current liabilities 83,254 68,138
Long-term debt (see Note 8) 130,000 127,000
Asset retirement obligations 131,464 129,700
Long-term derivative instruments 730 0
Operating lease liability 3,268 3,683
Assets held for sale - non-current liabilities 1,333 0
Other long-term liabilities 9,953 9,643
Total liabilities 360,002 338,164
Commitments and contingencies (see Note 16)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.01 par value: 250,000,000 shares authorized; 40,396,165 and 39,795,138 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 404 399
Additional paid-in capital 441,846 439,981
Accumulated deficit (30,945) (31,468)
Total stockholders' equity (deficit) 411,305 408,912
Total liabilities and equity $ 771,307 $ 747,076