v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 48,044 $ 58,900
Restricted cash 110 136
Receivables:    
Trade 24,791 39,924
Accounts with joint venture owners, net of allowance for credit losses of $2.9 million and $2.7 million, respectively 7,782 5,420
Other 2,197 2,277
Crude oil inventory 9,957 1,774
Prepayments and other 23,237 24,370
Current assets held for sale 0 179
Total current assets 116,118 132,980
Crude oil, natural gas and NGLs properties and equipment, net 641,780 586,095
Other noncurrent assets:    
Restricted cash 1,659 1,659
Value added tax and other receivables 9,291 7,149
Right of use operating lease assets 22,007 16,596
Right of use finance lease assets 65,568 68,615
Deferred tax assets 49,511 54,825
Abandonment funding 6,268 6,268
Other long-term assets 8,460 7,362
Noncurrent assets held for sale 0 31,826
Total assets 920,662 913,375
Current liabilities:    
Accrued liabilities and other 166,893 106,444
Operating lease liabilities - current portion 6,668 5,744
Finance lease liabilities - current portion 12,394 12,119
Foreign income taxes payable 2,513 19,656
Current liabilities held for sale 0 183
Total current liabilities 226,201 192,000
Asset retirement obligations 80,528 78,406
Operating lease liabilities - net of current portion 15,469 11,183
Finance lease liabilities - net of current portion 53,803 57,256
Deferred tax liabilities 47,757 63,630
Long-term debt 152,000 60,000
Noncurrent liabilities held for sale 0 7,403
Total liabilities 575,758 469,878
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock,$0.10 par value; 160,000,000 shares authorized, 123,017,656 shares issued and 104,258,253 shares outstanding at both March 31, 2026 and December 31, 2025 12,302 12,302
Additional paid-in capital 369,896 368,536
Accumulated other comprehensive loss 0 (498)
Less treasury stock, 18,759,403 shares, at cost, at both March 31, 2026 and December 31, 2025 (78,733) (78,733)
Retained earnings 41,439 141,890
Total shareholders’ equity 344,904 443,497
Total liabilities and shareholders’ equity 920,662 913,375
Nonrelated Party    
Current liabilities:    
Accounts payable 30,552 44,661
Related Party    
Current liabilities:    
Accounts payable $ 7,181 $ 3,193