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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,702,897 $ 768,032
Accounts receivable, net:    
Oil and natural gas sales 201,248 343,500
Joint interest and other 100,664 135,816
Derivative assets 4,335 2,490
Prepaid income taxes 2,266 29,604
Deposits for acquisitions 352,500 0
Prepaid expenses and other 49,297 48,988
Total current assets 3,413,207 1,328,430
Property and equipment (successful efforts method):    
Proved properties 7,390,897 6,774,635
Less: accumulated depreciation, depletion, and amortization (1,628,303) (1,214,484)
Total proved properties, net 5,762,594 5,560,151
Unproved properties 578,508 593,971
Wells in progress 316,119 407,351
Other property and equipment, net of accumulated depreciation of $8,498 in 2023 and $7,329 in 2022 49,619 49,632
Total property and equipment, net 6,706,840 6,611,105
Long-term derivative assets 1,800 794
Right-of-use assets 41,572 24,125
Other noncurrent assets 7,567 6,945
Total assets 10,170,986 7,971,399
Current liabilities:    
Accounts payable and accrued expenses 240,555 295,297
Production taxes payable 389,392 258,932
Oil and natural gas revenue distribution payable 522,308 538,343
Derivative liability 21,438 46,334
Asset retirement obligations 25,557 25,557
Lease liability 21,841 13,464
Total current liabilities 1,221,091 1,177,927
Long-term liabilities:    
Senior notes 3,048,511 393,293
Ad valorem taxes 153,371 412,650
Derivative liability 2,973 17,199
Deferred income tax liabilities 409,593 319,618
Asset retirement obligations 268,366 265,469
Lease liability 20,394 11,324
Total liabilities 5,124,299 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, 80,220,613 and 85,120,287 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 4,869 4,918
Additional paid-in capital 3,957,513 4,211,197
Retained earnings 1,084,305 1,157,804
Total stockholders’ equity 5,046,687 5,373,919
Total liabilities and stockholders’ equity $ 10,170,986 $ 7,971,399