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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 571,114 $ 172,114
Accounts receivable, net 494,949 377,202
Inventory 43,010 28,956
Prepaid expenses 5,160 6,016
Other current assets 884 1,836
Current assets held for sale 0 1,029,318
Total current assets 1,115,117 1,615,442
Property, plant and equipment    
Oil and gas properties (successful efforts method) 1,502,168 1,395,837
Other property and equipment 42,287 48,981
Less: accumulated depreciation, depletion and amortization (207,387) (124,386)
Total property, plant and equipment, net 1,337,068 1,320,432
Derivative instruments 59,080 44,865
Investment in unconsolidated affiliate 505,335 0
Long-term inventory 19,188 17,510
Operating right-of-use assets 11,154 15,782
Other assets 15,468 12,756
Total assets 3,062,410 3,026,787
Current liabilities    
Accounts payable 3,270 2,136
Revenues and production taxes payable 341,402 270,306
Accrued liabilities 534,239 150,674
Accrued interest payable 2,715 2,150
Derivative instruments 338,148 89,447
Advances from joint interest partners 2,944 1,892
Current operating lease liabilities 7,419 7,893
Other current liabilities 19,581 1,046
Current liabilities held for sale 0 699,653
Total current liabilities 1,249,718 1,225,197
Long-term debt 393,354 392,524
Deferred income taxes 0 7
Asset retirement obligations 60,055 57,604
Derivative instruments 145,302 115,282
Operating lease liabilities 2,879 6,724
Other liabilities 13,006 7,876
Total liabilities 1,864,314 1,805,214
Commitments and contingencies (Note 18)
Stockholders’ equity    
Common stock, $0.01 par value: 60,000,000 shares authorized; 20,533,880 shares issued and 19,662,862 shares outstanding at June 30, 2022 and 20,147,199 shares issued and 19,276,181 shares outstanding at December 31, 2021 206 200
Treasury stock, at cost: 871,018 shares at June 30, 2022 and at December 31, 2021 (100,000) (100,000)
Additional paid-in capital 883,801 863,010
Retained earnings 414,089 269,690
Chord share of stockholders' equity 1,198,096 1,032,900
Non-controlling interests 0 188,673
Total stockholders' equity 1,198,096 1,221,573
Total liabilities and stockholders' equity $ 3,062,410 $ 3,026,787