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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 410,174 $ 172,114
Accounts receivable, net 504,436 377,202
Inventory 28,311 28,956
Prepaid expenses 6,564 6,016
Derivative instruments 1,284 0
Other current assets 1,396 1,836
Current assets held for sale 0 1,029,318
Total current assets 952,165 1,615,442
Property, plant and equipment    
Oil and gas properties (successful efforts method) 1,458,491 1,395,837
Other property and equipment 44,555 48,981
Less: accumulated depreciation, depletion and amortization (166,705) (124,386)
Total property, plant and equipment, net 1,336,341 1,320,432
Derivative instruments 61,760 44,865
Investment in unconsolidated affiliate, fair value 615,333 0
Long-term inventory 17,510 17,510
Operating right-of-use assets 13,235 15,782
Other assets 11,604 12,756
Total assets 3,007,948 3,026,787
Current liabilities    
Accounts payable 1,738 2,136
Revenues and production taxes payable 284,205 270,306
Accrued liabilities 260,833 150,674
Accrued interest payable 9,085 2,150
Derivative instruments 314,466 89,447
Advances from joint interest partners 3,124 1,892
Current operating lease liabilities 7,649 7,893
Other current liabilities 19,887 1,046
Current liabilities held for sale 0 699,653
Total current liabilities 900,987 1,225,197
Long-term debt 392,933 392,524
Deferred income taxes 0 7
Asset retirement obligations 58,789 57,604
Derivative instruments 205,694 115,282
Operating lease liabilities 4,574 6,724
Other liabilities 3,008 7,876
Total liabilities 1,565,985 1,805,214
Commitments and contingencies (Note 18)
Stockholders’ equity    
Common stock, $0.01 par value: 60,000,000 shares authorized; 20,473,741 shares issued and 19,571,603 shares outstanding at March 31, 2022 and 20,147,199 shares issued and 19,276,181 shares outstanding at December 31, 2021 203 200
Treasury stock, at cost: 902,138 shares at March 31, 2022 and 871,018 shares at December 31, 2021 (104,132) (100,000)
Additional paid-in capital 883,273 863,010
Retained earnings 662,619 269,690
Oasis share of stockholders' equity 1,441,963 1,032,900
Non-controlling interests 0 188,673
Total stockholders' equity 1,441,963 1,221,573
Total liabilities and stockholders' equity $ 3,007,948 $ 3,026,787