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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 592,300 $ 593,151
Accounts receivable, net 790,989 781,738
Inventory 60,887 54,411
Prepaid expenses 29,180 17,624
Derivative instruments 24,728 23,735
Other current assets 32 11,853
Total current assets 1,498,116 1,482,512
Property, plant and equipment    
Oil and gas properties (successful efforts method) 5,320,711 5,120,121
Other property and equipment 69,011 72,973
Less: accumulated depreciation, depletion and amortization (611,716) (481,751)
Total property, plant and equipment, net 4,778,006 4,711,343
Derivative instruments 38,231 37,965
Investment in unconsolidated affiliate 112,997 130,575
Long-term inventory 20,669 22,009
Operating right-of-use assets 22,501 23,875
Deferred tax assets 126,304 200,226
Other assets 18,579 22,576
Total assets 6,615,403 6,631,081
Current liabilities    
Accounts payable 7,909 29,056
Revenues and production taxes payable 568,387 607,964
Accrued liabilities 481,764 362,454
Accrued interest payable 9,597 3,172
Derivative instruments 175,622 341,541
Advances from joint interest partners 3,087 3,736
Current operating lease liabilities 11,589 9,941
Other current liabilities 10,132 3,469
Total current liabilities 1,268,087 1,361,333
Long-term debt 394,626 394,209
Asset retirement obligations 148,137 146,029
Derivative instruments 260 2,829
Operating lease liabilities 22,267 13,266
Other liabilities 23,286 33,617
Total liabilities 1,856,663 1,951,283
Commitments and contingencies (Note 19)
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized; 43,897,964 shares issued and 41,538,209 shares outstanding at March 31, 2023; and 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 2022 439 438
Treasury stock, at cost: 2,359,755 shares at March 31, 2023 and 2,249,088 shares at December 31, 2022 (266,953) (251,950)
Additional paid-in capital 3,487,648 3,485,819
Retained earnings 1,537,606 1,445,491
Total stockholders’ equity 4,758,740 4,679,798
Total liabilities and stockholders’ equity $ 6,615,403 $ 6,631,081