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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 19,727 $ 30,272
Accounts receivable:    
Oil and gas sales 144,358 125,016
Joint interest operations 23,781 14,615
From affiliates 17,837 6,155
Derivative financial instruments 10,765 8,913
Other current assets 8,410 14,839
Total current assets 224,878 199,810
Oil and natural gas properties, successful efforts method:    
Proved 4,981,955 4,647,188
Unproved 339,278 332,765
Other 6,731 6,858
Accumulated depreciation, depletion and amortization (1,132,191) (902,261)
Net property and equipment 4,195,773 4,084,550
Goodwill 335,897 335,897
Derivative financial instruments 830 661
Operating lease right-of-use assets 6,833 3,025
Other assets 37 40
Total assets 4,764,248 4,623,983
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 292,998 259,284
Accrued costs 105,210 133,019
Operating leases 2,190 2,284
Derivative financial instruments 255,127 47,005
Total current liabilities 655,525 441,592
Long-term debt 2,847,309 2,517,149
Deferred income taxes 99,245 200,583
Derivative financial instruments 14,157 2,364
Long-term operating leases 4,674 740
Reserve for future abandonment costs 20,748 19,290
Other non-current liabilities 180 492
Total liabilities 3,641,838 3,182,210
Commitments and contingencies
Stockholders' equity:    
Common stock—$0.50 par, 400,000,000 shares authorized, 232,850,477 and 232,414,718 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 116,425 116,206
Additional paid-in capital 1,098,300 1,095,384
Accumulated earnings (deficit) (267,315) 55,183
Total stockholders' equity 947,410 1,266,773
Total liabilities and stockholders' equity 4,764,248 4,623,983
Series B 10% Convertible Preferred Stock    
Mezzanine equity:    
Series B 10% Convertible Preferred stock — 5,000,000 shares authorized, 175,000 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively $ 175,000 $ 175,000