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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 197,389 $ 317,998
Accounts receivable, net 1,275,934 943,114
Inventory 79,905 72,565
Prepaid expenses 23,827 42,450
Derivative instruments 25,292 37,369
Other current assets 2,044 11,055
Total current assets 1,604,391 1,424,551
Property, plant and equipment    
Oil and gas properties (successful efforts method) 12,137,734 6,320,243
Other property and equipment 57,327 49,051
Less: accumulated depreciation, depletion and amortization (1,442,011) (1,054,616)
Total property, plant and equipment, net 10,753,050 5,314,678
Derivative instruments 22,542 22,526
Investment in unconsolidated affiliate 117,738 100,172
Long-term inventory 27,619 22,936
Operating right-of-use assets 58,724 21,343
Goodwill 539,793 0
Other assets 23,481 19,944
Total assets 13,147,338 6,926,150
Current liabilities    
Accounts payable 38,189 34,453
Revenues and production taxes payable 772,565 604,704
Accrued liabilities 714,427 493,381
Current portion of long-term debt, net 60,063 0
Accrued interest payable 4,891 2,157
Derivative instruments 13,943 14,209
Advances from joint interest partners 2,473 2,381
Current operating lease liabilities 39,914 13,258
Other current liabilities 31,650 916
Total current liabilities 1,678,115 1,165,459
Long-term debt 971,746 395,902
Deferred tax liabilities 1,345,220 95,322
Asset retirement obligations 275,817 155,040
Derivative instruments 1,428 717
Operating lease liabilities 29,114 18,667
Other liabilities 4,748 18,419
Total liabilities 4,306,188 1,849,526
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 240,000,000 shares authorized, 66,572,527 shares issued and 62,231,069 shares outstanding at June 30, 2024; and 120,000,000 shares authorized, 45,032,537 shares issued and 41,249,658 shares outstanding at December 31, 2023 668 456
Treasury stock, at cost: 4,341,458 shares at June 30, 2024 and 3,782,879 shares at December 31, 2023 (585,035) (493,289)
Additional paid-in capital 7,314,414 3,608,819
Retained earnings 2,111,103 1,960,638
Total stockholders’ equity 8,841,150 5,076,624
Total liabilities and stockholders’ equity $ 13,147,338 $ 6,926,150