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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 40,410 $ 24,743
Accounts receivable, net:    
Oil and gas sales 86,414 32,673
Joint interest and other 14,512 14,748
Prepaid expenses and other 6,421 3,574
Inventory of oilfield equipment 12,161 9,185
Derivative assets (note 10) 0 7,482
Total current assets 159,918 92,405
Property and equipment (successful efforts method):    
Proved properties 1,707,481 1,056,773
Less: accumulated depreciation, depletion, and amortization (299,028) (211,432)
Total proved properties, net 1,408,453 845,341
Unproved properties 96,419 98,122
Wells in progress 68,013 50,609
Other property and equipment, net of accumulated depreciation of $4,256 in 2021 and $3,737 in 2020 5,562 3,239
Total property and equipment, net 1,578,447 997,311
Right-of-use assets (note 4) 28,046 29,705
Deferred income tax assets (note 12) 165,666 60,520
Other noncurrent assets 5,007 2,871
Total assets 1,937,084 1,182,812
Current liabilities:    
Accounts payable and accrued expenses (note 2) 95,051 37,425
Oil and gas revenue distribution payable 62,644 18,613
Lease liability (note 4) 11,624 12,044
Derivative liability (note 10) 92,784 6,402
Total current liabilities 262,103 74,484
Long-term liabilities:    
Senior notes (note 5) 100,000 0
Credit facility (note 5) 60,000 0
Lease liability (note 4) 16,733 17,978
Ad valorem taxes and other 21,192 15,069
Derivative liability (note 10) 9,044 1,330
Asset retirement obligations for oil and gas properties (note 9) 50,762 28,699
Total liabilities 519,834 137,560
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, 30,858,813 and 20,839,227 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 4,378 4,282
Additional paid-in capital 1,085,968 707,209
Retained earnings 326,904 333,761
Total stockholders’ equity 1,417,250 1,045,252
Total liabilities and stockholders’ equity $ 1,937,084 $ 1,182,812