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BASIS OF PRESENTATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Disaggregation of Revenue | Revenue attributable to each identified revenue stream is disaggregated below (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Operating Revenues: |  |  |  |  |  |  |
Crude oil sales | $ | 116,091 |  |  | $ | 28,934 |  |  | $ | 166,155 |  |  | $ | 80,080 |
Natural gas sales | 15,168 |  |  | 4,712 |  |  | 28,300 |  |  | 10,730 |
Natural gas liquids sales | 24,776 |  |  | 2,546 |  |  | 35,739 |  |  | 5,787 |
Oil and gas sales | $ | 156,035 |  |  | $ | 36,192 |  |  | $ | 230,194 |  |  | $ | 96,597 |
Schedule of Restricted Cash | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets, which sums to the total of such amounts shown in the accompanying condensed consolidated statements of cash flows (“statements of cash flows”) (in thousands):
| As of June 30,
| 2021 |  | 2020
Cash and cash equivalents | $ | 24,403 |  |  | $ | 4,144 |
Restricted cash(1) | 102 |  |  | 94 |
Total cash, cash equivalents, and restricted cash | $ | 24,505 |  |  | $ | 4,238 |
__________________________ (1) Included in other noncurrent assets and consists of funds for road maintenance and repairs.
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets, which sums to the total of such amounts shown in the accompanying condensed consolidated statements of cash flows (“statements of cash flows”) (in thousands):
| As of June 30,
| 2021 |  | 2020
Cash and cash equivalents | $ | 24,403 |  |  | $ | 4,144 |
Restricted cash(1) | 102 |  |  | 94 |
Total cash, cash equivalents, and restricted cash | $ | 24,505 |  |  | $ | 4,238 |
__________________________ (1) Included in other noncurrent assets and consists of funds for road maintenance and repairs.
Schedule of Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses contain the following (in thousands):
| As of June 30, 2021 |  | As of December 31, 2020
Accrued drilling and completion costs | $ | 16,738 |  |  | $ | 453 |
Accounts payable trade | 13,150 |  |  | 1,931 |
Accrued general and administrative expense | 6,046 |  |  | 4,942 |
Accrued merger transaction costs | 2,426 |  |  | 2,587 |
Accrued lease operating expense | 4,298 |  |  | 1,793 |
Accrued interest expense | 3,368 |  |  | 322 |
Accrued oil and gas hedging | 8,820 |  |  | — |
Accrued production and ad valorem taxes and other | 28,251 |  |  | 25,397 |
Total accounts payable and accrued expenses | $ | 83,097 |  |  | $ | 37,425 |

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