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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 154,349 $ 254,454
Accounts receivable, net:    
Oil, natural gas, and NGL sales 410,418 362,262
Joint interest and other 72,888 66,390
Prepaid expenses and other 21,891 21,052
Inventory of oilfield equipment 14,557 12,386
Derivative assets 0 3,393
Total current assets 674,103 719,937
Property and equipment (successful efforts method):    
Proved properties 5,983,892 5,457,213
Less: accumulated depreciation, depletion, and amortization (608,898) (430,201)
Total proved properties, net 5,374,994 5,027,012
Unproved properties 671,538 688,895
Wells in progress 213,153 177,296
Other property and equipment, net of accumulated depreciation of $5,403 in 2022 and $4,742 in 2021 51,046 51,639
Total property and equipment, net 6,310,731 5,944,842
Right-of-use assets 36,054 39,885
Deferred income tax assets 0 22,284
Other noncurrent assets 12,859 14,085
Total assets 7,033,747 6,741,033
Current liabilities:    
Accounts payable and accrued expenses 296,433 246,188
Production taxes payable 188,962 144,408
Oil and natural gas revenue distribution payable 422,854 466,233
Lease liability 18,588 18,873
Derivative liability 384,694 219,804
Asset retirement obligations 24,000 24,000
Total current liabilities 1,335,531 1,119,506
Long-term liabilities:    
Senior notes 492,123 491,710
Lease liability 17,920 21,398
Ad valorem taxes 296,773 232,147
Derivative liability 46,111 19,959
Deferred income tax liabilities 5,805 0
Asset retirement obligations 201,951 201,315
Total liabilities 2,396,214 2,086,035
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding 0 0
Common stock, $.01 par value, 225,000,000 shares authorized, 84,941,558 and 84,572,846 issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 4,916 4,912
Additional paid-in capital 4,194,444 4,199,108
Retained earnings 438,173 450,978
Total stockholders’ equity 4,637,533 4,654,998
Total liabilities and stockholders’ equity $ 7,033,747 $ 6,741,033