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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 214,787 $ 593,151
Accounts receivable, net 770,099 781,738
Inventory 63,439 54,411
Prepaid expenses 36,162 17,624
Derivative instruments 28,972 23,735
Other current assets 338 11,853
Current assets held for sale 10,726 0
Total current assets 1,124,523 1,482,512
Property, plant and equipment    
Oil and gas properties (successful efforts method) 5,850,189 5,120,121
Other property and equipment 52,338 72,973
Less: accumulated depreciation, depletion and amortization (734,618) (481,751)
Total property, plant and equipment, net 5,167,909 4,711,343
Derivative instruments 38,527 37,965
Investment in unconsolidated affiliate 115,763 130,575
Long-term inventory 17,848 22,009
Operating right-of-use assets 19,848 23,875
Deferred tax assets 54,369 200,226
Other assets 20,903 22,576
Total assets 6,559,690 6,631,081
Current liabilities    
Accounts payable 13,879 29,056
Revenues and production taxes payable 534,190 607,964
Accrued liabilities 507,980 362,454
Accrued interest payable 2,215 3,172
Derivative instruments 81,181 341,541
Advances from joint interest partners 3,018 3,736
Current operating lease liabilities 10,400 9,941
Other current liabilities 7,198 3,469
Current liabilities held for sale 13,332 0
Total current liabilities 1,173,393 1,361,333
Long-term debt 395,049 394,209
Asset retirement obligations 127,338 146,029
Derivative instruments 145 2,829
Operating lease liabilities 20,544 13,266
Other liabilities 23,651 33,617
Total liabilities 1,740,120 1,951,283
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized; 43,958,610 shares issued and 41,390,064 shares outstanding at June 30, 2023; and 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 2022 441 438
Treasury stock, at cost: 2,568,546 shares at June 30, 2023 and 2,249,088 shares at December 31, 2022 (297,768) (251,950)
Additional paid-in capital 3,500,727 3,485,819
Retained earnings 1,616,170 1,445,491
Total stockholders’ equity 4,819,570 4,679,798
Total liabilities and stockholders’ equity $ 6,559,690 $ 6,631,081