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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 658,857 $ 172,114
Accounts receivable, net 717,149 377,202
Inventory 60,956 28,956
Prepaid expenses 13,339 6,016
Derivative instruments 3,061 0
Other current assets 582 1,836
Current assets held for sale 0 1,029,318
Total current assets 1,453,944 1,615,442
Property, plant and equipment    
Oil and gas properties (successful efforts method) 4,926,278 1,395,837
Other property and equipment 75,434 48,981
Less: accumulated depreciation, depletion and amortization (345,648) (124,386)
Total property, plant and equipment, net 4,656,064 1,320,432
Derivative instruments 52,110 44,865
Investment in unconsolidated affiliate 138,452 0
Long-term inventory 22,009 17,510
Operating right-of-use assets 26,954 15,782
Deferred tax assets 183,495 0
Other assets 22,107 12,756
Total assets 6,555,135 3,026,787
Current liabilities    
Accounts payable 32,709 2,136
Revenues and production taxes payable 575,372 270,306
Accrued liabilities 476,636 150,674
Accrued interest payable 9,759 2,150
Derivative instruments 366,605 89,447
Advances from joint interest partners 3,609 1,892
Current operating lease liabilities 11,870 7,893
Other current liabilities 12,205 1,046
Current liabilities held for sale 0 699,653
Total current liabilities 1,488,765 1,225,197
Long-term debt 393,782 392,524
Deferred tax liabilities 0 7
Asset retirement obligations 119,757 57,604
Derivative instruments 37,898 115,282
Operating lease liabilities 14,380 6,724
Other liabilities 29,740 7,876
Total liabilities 2,084,322 1,805,214
Commitments and contingencies (Note 19)
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized, 43,601,102 shares issued and 41,555,328 shares outstanding at September 30, 2022; 60,000,000 shares authorized, 20,147,199 shares issued and 19,276,181 shares outstanding at December 31, 2021 438 200
Treasury stock, at cost: 2,045,774 shares at September 30, 2022 and 871,018 shares at December 31, 2021 (224,845) (100,000)
Additional paid-in capital 3,469,622 863,010
Retained earnings 1,225,598 269,690
Chord share of stockholders’ equity 4,470,813 1,032,900
Non-controlling interests 0 188,673
Total stockholders’ equity 4,470,813 1,221,573
Total liabilities and stockholders’ equity $ 6,555,135 $ 3,026,787