v3.25.2
Consolidated balance sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 30,194 $ 40,179
Accounts receivable, net 242,956 299,698
Derivatives 129,444 101,474
Other current assets 27,836 25,205
Total current assets 430,430 466,556
Oil and natural gas properties, full cost method:    
Evaluated properties 14,136,321 13,587,040
Unevaluated properties not being depleted 176,117 242,792
Less: accumulated depletion and impairment (9,915,495) (8,966,200)
Oil and natural gas properties, net 4,396,943 4,863,632
Midstream and other fixed assets, net 122,022 134,265
Property and equipment, net 4,518,965 4,997,897
Derivatives 33,165 34,564
Operating lease right-of-use assets 82,049 104,329
Deferred income taxes 3,396 239,685
Other noncurrent assets, net 32,446 35,915
Total assets 5,100,451 5,878,946
Current liabilities:    
Accounts payable and accrued liabilities 158,125 185,115
Accrued capital expenditures 109,844 95,593
Undistributed revenue and royalties 172,415 187,563
Operating lease liabilities 45,778 73,143
Other current liabilities 59,341 59,725
Total current liabilities 545,503 601,139
Long-term debt, net 2,321,294 2,454,242
Derivatives 19,466 5,814
Asset retirement obligations 75,620 82,941
Operating lease liabilities 27,941 26,733
Other noncurrent liabilities 5,049 7,506
Total liabilities 2,994,873 3,178,375
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized and zero issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value, 80,000,000 shares authorized, and 38,687,645 and 38,144,248 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 387 381
Additional paid-in capital 3,829,651 3,823,241
Accumulated deficit (1,724,460) (1,123,051)
Total stockholders' equity 2,105,578 2,700,571
Total liabilities and stockholders' equity $ 5,100,451 $ 5,878,946