v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 21,212 $ 60,666
Accounts receivable, net (see Note 13) 19,532 30,141
Short-term derivative instruments 0 15,429
Prepaid expenses and other current assets 24,965 24,358
Total current assets 65,709 130,594
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 429,499 388,920
Support equipment and facilities 155,995 154,954
Other 9,680 9,601
Accumulated depreciation, depletion and amortization (375,110) (364,534)
Property and equipment, net 220,064 188,941
Long-term derivative instruments 836 3,425
Restricted investments 45,272 40,241
Operating lease - long term right-of-use asset 2,441 2,998
Deferred tax asset 238,993 233,334
Other long-term assets 2,779 1,367
Total assets 576,094 600,900
Current liabilities:    
Accounts payable 22,055 17,901
Revenues payable 5,032 5,638
Accrued liabilities (see Note 13) 20,385 34,518
Short-term derivative instruments 2,807 0
Total current liabilities 50,279 58,057
Asset retirement obligations 74,757 72,376
Operating lease liability 2,130 2,568
Other long-term liabilities 9,841 9,176
Total liabilities 137,007 142,177
Commitments and contingencies (see Note 16)
Stockholders' equity:    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.01 par value: 250,000,000 shares authorized; 41,289,239 and 40,719,957 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 413 407
Additional paid-in capital 446,991 445,816
Accumulated earnings (deficit) (8,317) 12,500
Total stockholders' equity 439,087 458,723
Total liabilities and equity $ 576,094 $ 600,900