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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 593,151 $ 172,114
Accounts receivable, net 781,738 377,202
Inventory 54,411 28,956
Prepaid expenses 17,624 6,016
Derivative instruments 23,735 0
Other current assets 11,853 1,836
Current assets held for sale   1,029,318
Total current assets 1,482,512 1,615,442
Property, plant and equipment    
Oil and gas properties (successful efforts method) 5,120,121 1,395,837
Other property and equipment 72,973 48,981
Less: accumulated depreciation, depletion and amortization (481,751) (124,386)
Total property, plant and equipment, net 4,711,343 1,320,432
Derivative instruments 37,965 44,865
Investment in unconsolidated affiliate 130,575 0
Long-term inventory 22,009 17,510
Operating right-of-use assets 23,875 15,782
Deferred tax assets 200,226 0
Other assets 22,576 12,756
Total assets 6,631,081 3,026,787
Current liabilities    
Accounts payable 29,056 2,136
Revenues and production taxes payable 607,964 270,306
Accrued liabilities 362,454 150,674
Accrued interest payable 3,172 2,150
Derivative instruments 341,541 89,447
Advances from joint interest partners 3,736 1,892
Current operating lease liabilities 9,941 7,893
Other current liabilities 3,469 1,046
Current liabilities held for sale 0 699,653
Total current liabilities 1,361,333 1,225,197
Long-term debt 394,209 392,524
Deferred tax liabilities 0 7
Asset retirement obligations 146,029 57,604
Derivative instruments 2,829 115,282
Operating lease liabilities 13,266 6,724
Other liabilities 33,617 7,876
Total liabilities 1,951,283 1,805,214
Commitments and contingencies (Note 23)
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 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: 2,249,088 and 871,018 shares at December 31, 2022 and December 31, 2021, respectively (251,950) (100,000)
Additional paid-in capital 3,485,819 863,010
Retained earnings 1,445,491 269,690
Chord share of stockholders’ equity 4,679,798 1,032,900
Non-controlling interests 0 188,673
Total stockholders’ equity 4,679,798 1,221,573
Total liabilities and stockholders’ equity $ 6,631,081 $ 3,026,787