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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 768,032 $ 254,454
Accounts receivable, net:    
Oil and natural gas sales 343,500 362,262
Joint interest and other 135,816 66,390
Derivative assets 2,490 3,393
Prepaid income taxes 29,604 0
Prepaid expenses and other 48,988 33,438
Total current assets 1,328,430 719,937
Property and equipment (successful efforts method):    
Proved properties 6,774,635 5,457,213
Less: accumulated depreciation, depletion, and amortization (1,214,484) (430,201)
Total proved properties, net 5,560,151 5,027,012
Unproved properties 593,971 688,895
Wells in progress 407,351 177,296
Other property and equipment, net of accumulated depreciation of $7,329 in 2022 and $4,742 in 2021 49,632 51,639
Total property and equipment, net 6,611,105 5,944,842
Long-term derivative assets 794 0
Right-of-use assets 24,125 39,885
Deferred income tax assets 0 22,284
Other noncurrent assets 6,945 14,085
Total assets 7,971,399 6,741,033
Current liabilities:    
Accounts payable and accrued expenses 295,297 246,188
Production taxes payable 258,932 144,408
Oil and natural gas revenue distribution payable 538,343 466,233
Lease liability 13,464 18,873
Derivative liability 46,334 219,804
Asset retirement obligations 25,557 24,000
Total current liabilities 1,177,927 1,119,506
Long-term liabilities:    
Senior notes 393,293 491,710
Lease liability 11,324 21,398
Ad valorem taxes 412,650 232,147
Derivative liability 17,199 19,959
Deferred income tax liabilities 319,618 0
Asset retirement obligations 265,469 201,315
Total liabilities 2,597,480 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, 85,120,287 and 84,572,846 issued and outstanding as of December 31, 2022 and 2021, respectively 4,918 4,912
Additional paid-in capital 4,211,197 4,199,108
Retained earnings 1,157,804 450,978
Total stockholders’ equity 5,373,919 4,654,998
Total liabilities and stockholders’ equity $ 7,971,399 $ 6,741,033