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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 556,113 $ 768,032
Accounts receivable, net:    
Oil and natural gas sales 222,448 343,500
Joint interest and other 115,717 135,816
Derivative assets 3,319 2,490
Prepaid income taxes 7,711 29,604
Prepaid expenses and other 50,933 48,988
Total current assets 956,241 1,328,430
Property and equipment (successful efforts method):    
Proved properties 7,130,302 6,774,635
Less: accumulated depreciation, depletion, and amortization (1,408,790) (1,214,484)
Total proved properties, net 5,721,512 5,560,151
Unproved properties 585,791 593,971
Wells in progress 322,106 407,351
Other property and equipment, net of accumulated depreciation of $7,935 in 2023 and $7,329 in 2022 49,655 49,632
Total property and equipment, net 6,679,064 6,611,105
Long-term derivative assets 2,463 794
Right-of-use assets 31,589 24,125
Other noncurrent assets 5,691 6,945
Total assets 7,675,048 7,971,399
Current liabilities:    
Accounts payable and accrued expenses 263,429 295,297
Production taxes payable 222,077 258,932
Oil and natural gas revenue distribution payable 506,640 538,343
Derivative liability 22,878 46,334
Asset retirement obligations 25,557 25,557
Lease liability 17,450 13,464
Total current liabilities 1,058,031 1,177,927
Long-term liabilities:    
Senior notes 393,693 393,293
Ad valorem taxes 470,180 412,650
Derivative liability 7,442 17,199
Deferred income tax liabilities 365,573 319,618
Asset retirement obligations 263,586 265,469
Lease liability 14,794 11,324
Total liabilities 2,573,299 2,597,480
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, 80,297,548 and 85,120,287 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 4,869 4,918
Additional paid-in capital 3,973,587 4,211,197
Retained earnings 1,123,293 1,157,804
Total stockholders’ equity 5,101,749 5,373,919
Total liabilities and stockholders’ equity $ 7,675,048 $ 7,971,399