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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 52,050 $ 317,998
Accounts receivable, net 1,294,597 943,114
Inventory 77,460 72,565
Prepaid expenses 31,703 42,450
Derivative instruments 55,667 37,369
Other current assets 2,061 11,055
Current assets held for sale 38,598 0
Total current assets 1,552,136 1,424,551
Property, plant and equipment    
Oil and gas properties (successful efforts method) 12,434,669 6,320,243
Other property and equipment 58,082 49,051
Less: accumulated depreciation, depletion and amortization (1,797,305) (1,054,616)
Total property, plant and equipment, net 10,695,446 5,314,678
Derivative instruments 30,987 22,526
Investment in unconsolidated affiliate 116,504 100,172
Long-term inventory 25,861 22,936
Operating right-of-use assets 48,653 21,343
Goodwill 539,793 0
Other assets 24,783 19,944
Total assets 13,034,163 6,926,150
Current liabilities    
Accounts payable 68,386 34,453
Revenues and production taxes payable 769,540 604,704
Accrued liabilities 738,991 493,381
Accrued interest payable 11,839 2,157
Derivative instruments 3 14,209
Advances from joint interest partners 2,434 2,381
Current operating lease liabilities 40,138 13,258
Other current liabilities 27,704 916
Current liabilities held for sale 2,745 0
Total current liabilities 1,661,780 1,165,459
Long-term debt 867,173 395,902
Deferred tax liabilities 1,421,403 95,322
Asset retirement obligations 279,892 155,040
Derivative instruments 45 717
Operating lease liabilities 21,065 18,667
Other liabilities 5,891 18,419
Total liabilities 4,257,249 1,849,526
Commitments and contingencies (Note 17)
Stockholders’ equity    
Common stock, $0.01 par value: 240,000,000 shares authorized, 66,772,383 shares issued and 61,479,508 shares outstanding at September 30, 2024; and 120,000,000 shares authorized, 45,032,537 shares issued and 41,249,658 shares outstanding at December 31, 2023 671 456
Treasury stock, at cost: 5,292,875 shares at September 30, 2024 and 3,782,879 shares at December 31, 2023 (732,263) (493,289)
Additional paid-in capital 7,329,177 3,608,819
Retained earnings 2,179,329 1,960,638
Total stockholders’ equity 8,776,914 5,076,624
Total liabilities and stockholders’ equity $ 13,034,163 $ 6,926,150