v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 68,666 $ 110,998
Restricted cash 1,346 1,347
Accounts receivable, net 36,486 26,186
Derivative contracts 0 2,773
Prepaid expenses 1,526 748
Other current assets 3,456 5,806
Total current assets 111,480 147,858
Oil and natural gas properties, using full cost method of accounting    
Proved 1,885,455 1,759,943
Unproved 26,154 27,520
Less: accumulated depreciation, depletion and impairment (1,475,380) (1,446,824)
Net oil and natural gas properties 436,229 340,639
Other property, plant and equipment, net 71,017 75,649
Other assets 1,423 1,539
Deferred tax assets, net of valuation allowance 92,554 78,336
Total assets 712,703 644,021
Current liabilities    
Accounts payable and accrued expenses 60,418 59,037
Derivative contracts 4,201 0
Asset retirement obligations 7,856 8,098
Other current liabilities 669 905
Total current liabilities 73,144 68,040
Derivative contracts 1,156 0
Asset retirement obligations 68,304 64,293
Other long-term obligations 563 817
Total liabilities 143,167 133,150
Commitments and contingencies (Note 7)
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 37,107 issued and outstanding at September 30, 2026 and 36,825 issued and outstanding at December 31, 2025 37 37
Additional paid-in capital 963,279 980,592
Accumulated deficit (393,780) (469,758)
Total stockholders’ equity 569,536 510,871
Total liabilities and stockholders’ equity $ 712,703 $ 644,021