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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,403 $ 24,743
Accounts receivable, net:    
Oil and gas sales 77,533 32,673
Joint interest and other 20,082 14,748
Prepaid expenses and other 6,046 3,574
Inventory of oilfield equipment 13,990 9,185
Derivative assets (note 10) 0 7,482
Total current assets 142,054 92,405
Property and equipment (successful efforts method):    
Proved properties 1,670,453 1,056,773
Less: accumulated depreciation, depletion, and amortization (264,147) (211,432)
Total proved properties, net 1,406,306 845,341
Unproved properties 96,348 98,122
Wells in progress 50,366 50,609
Other property and equipment, net of accumulated depreciation of $4,065 in 2021 and $3,737 in 2020 5,718 3,239
Total property and equipment, net 1,558,738 997,311
Right-of-use assets (note 4) 28,595 29,705
Deferred income tax assets (note 12) 181,262 60,520
Other noncurrent assets 5,531 2,871
Total assets 1,916,180 1,182,812
Current liabilities:    
Accounts payable and accrued expenses (note 4) 83,097 37,425
Oil and gas revenue distribution payable 54,090 18,613
Lease liability (note 2) 12,313 12,044
Derivative liability (note 10) 80,866 6,402
Total current liabilities 230,366 74,484
Long-term liabilities:    
Secured Long-term Debt, Noncurrent 100,000 0
Long-term Line of Credit, Noncurrent 99,000 0
Lease liability (note 4) 16,543 17,978
Ad valorem taxes and other 22,678 15,069
Derivative liability (note 10) 11,285 1,330
Asset retirement obligations for oil and gas properties (note 9) 51,194 28,699
Total liabilities 531,066 137,560
Commitments and contingencies (note 6)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none outstanding 0 0
Common stock, $0.01 par value, 225,000,000 shares authorized, 30,844,625 and 20,839,227 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 4,378 4,282
Additional paid-in capital 1,083,446 707,209
Retained earnings 297,290 333,761
Total stockholders’ equity 1,385,114 1,045,252
Total liabilities and stockholders’ equity $ 1,916,180 $ 1,182,812