v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,394 $ 58,900
Restricted cash 112 136
Receivables:    
Trade 21,465 39,924
Accounts with joint venture owners, net of allowance for credit losses of $3.1 million and $2.7 million, respectively 7,302 5,420
Other, net of allowance for credit losses of $0.4 million and $— million, respectively 1,603 2,277
Crude oil inventory 5,106 1,774
Prepayments and other 22,910 24,370
Current assets held for sale 0 179
Total current assets 88,892 132,980
Crude oil, natural gas and NGLs properties and equipment, net 709,653 586,095
Other noncurrent assets:    
Restricted cash 1,659 1,659
Value added tax and other receivables 8,056 7,149
Right of use operating lease assets 21,779 16,596
Right of use finance lease assets 62,704 68,615
Deferred tax assets 60,966 54,825
Abandonment funding 6,268 6,268
Other long-term assets 8,593 7,362
Noncurrent assets held for sale 0 31,826
Total assets 968,570 913,375
Current liabilities:    
Accrued liabilities and other 135,824 106,444
Operating lease liabilities - current portion 6,987 5,744
Finance lease liabilities - current portion 12,337 12,119
Foreign income taxes payable 7,650 19,656
Current liabilities held for sale 0 183
Total current liabilities 203,910 192,000
Asset retirement obligations 81,635 78,406
Operating lease liabilities - net of current portion 14,631 11,183
Finance lease liabilities - net of current portion 50,825 57,256
Deferred tax liabilities 60,234 63,630
Long-term debt 177,000 60,000
Noncurrent liabilities held for sale 0 7,403
Total liabilities 588,235 469,878
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, 124,320,737 and 123,017,656 shares issued, and 105,191,778 and 104,258,253 shares outstanding, respectively 12,432 12,302
Additional paid-in capital 371,427 368,536
Accumulated other comprehensive loss 0 (498)
Less treasury stock, 19,128,959 and 18,759,403 shares, respectively, at cost (80,718) (78,733)
Retained earnings 77,194 141,890
Total shareholders’ equity 380,335 443,497
Total liabilities and shareholders’ equity 968,570 913,375
Nonrelated Party    
Current liabilities:    
Accounts payable 41,006 44,661
Related Party    
Current liabilities:    
Accounts payable $ 106 $ 3,193