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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 296,354 $ 317,998
Accounts receivable, net 982,062 943,114
Inventory 78,118 72,565
Prepaid expenses 30,135 42,450
Derivative instruments 26,540 37,369
Other current assets 2,033 11,055
Total current assets 1,415,242 1,424,551
Property, plant and equipment    
Oil and gas properties (successful efforts method) 6,575,306 6,320,243
Other property and equipment 49,087 49,051
Less: accumulated depreciation, depletion and amortization (1,218,284) (1,054,616)
Total property, plant and equipment, net 5,406,109 5,314,678
Derivative instruments 22,231 22,526
Investment in unconsolidated affiliate 114,181 100,172
Long-term inventory 28,360 22,936
Operating right-of-use assets 19,218 21,343
Other assets 20,173 19,944
Total assets 7,025,514 6,926,150
Current liabilities    
Accounts payable 39,511 34,453
Revenues and production taxes payable 592,888 604,704
Accrued liabilities 545,820 493,381
Accrued interest payable 8,532 2,157
Derivative instruments 19,523 14,209
Advances from joint interest partners 2,484 2,381
Current operating lease liabilities 13,691 13,258
Other current liabilities 22,671 916
Total current liabilities 1,245,120 1,165,459
Long-term debt 396,324 395,902
Deferred tax liabilities 122,288 95,322
Asset retirement obligations 155,696 155,040
Derivative instruments 3,022 717
Operating lease liabilities 15,993 18,667
Other liabilities 11,893 18,419
Total liabilities 1,950,336 1,849,526
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 120,000,000 shares authorized, 45,527,230 shares issued and 41,551,082 shares outstanding at March 31, 2024; and 120,000,000 shares authorized, 45,032,537 shares issued and 41,249,658 shares outstanding at December 31, 2023 459 456
Treasury stock, at cost: 3,976,148 shares at March 31, 2024 and 3,782,879 shares at December 31, 2023 (523,288) (493,289)
Additional paid-in capital 3,575,557 3,608,819
Retained earnings 2,022,450 1,960,638
Total stockholders’ equity 5,075,178 5,076,624
Total liabilities and stockholders’ equity $ 7,025,514 $ 6,926,150