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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 12,137 $ 30,663
Accounts receivable:    
Oil and gas sales 198,261 217,149
Joint interest operations 34,694 29,755
From affiliates 6,658 20,834
Derivative financial instruments 2,601 5,258
Other current assets 13,671 15,077
Total current assets 268,022 318,736
Oil and natural gas properties, successful efforts method:    
Proved 4,988,567 4,756,394
Unproved 298,091 302,129
Other 6,602 6,690
Accumulated depreciation, depletion and amortization (1,164,366) (1,058,067)
Net property and equipment 4,128,894 4,007,146
Goodwill 335,897 335,897
Derivative financial instruments 10,008 0
Operating lease right-of-use assets 6,879 6,450
Total assets 4,749,700 4,668,229
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 318,736 314,569
Accrued costs 103,322 135,026
Operating leases 2,784 2,444
Derivative financial instruments 513,645 181,945
Total current liabilities 938,487 633,984
Long-term debt 2,534,460 2,615,235
Deferred income taxes 172,629 197,417
Derivative financial instruments 0 4,042
Long-term operating leases 4,167 4,075
Reserve for future abandonment costs 26,416 25,673
Other non-current liabilities 24 24
Total liabilities 3,676,183 3,480,450
Commitments and contingencies
Mezzanine equity:    
Series B Convertible Preferred stock — 5,000,000 shares authorized, 175,000 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 175,000 175,000
Stockholders' equity:    
Common stock—$0.50 par, 400,000,000 shares authorized, 232,919,869 and 232,924,646 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 116,460 116,462
Additional paid-in capital 1,101,838 1,100,359
Accumulated deficit (319,781) (204,042)
Total stockholders' equity 898,517 1,012,779
Total liabilities and stockholders' equity $ 4,749,700 $ 4,668,229