XML 33 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,124,797 $ 768,032
Accounts receivable, net:    
Crude oil and natural gas sales 505,961 343,500
Joint interest and other 247,228 135,816
Derivative assets 35,192 2,490
Prepaid income taxes 9,552 29,604
Deposits for acquisitions 163,164 0
Prepaid expenses and other 58,518 48,988
Total current assets 2,144,412 1,328,430
Property and equipment (successful efforts method):    
Proved properties 12,738,568 6,774,635
Less: accumulated depreciation, depletion, and amortization (2,339,541) (1,214,484)
Total proved properties, net 10,399,027 5,560,151
Unproved properties 821,939 593,971
Wells in progress 536,858 407,351
Other property and equipment, net of accumulated depreciation of $9,808 in 2023 and $7,329 in 2022 62,392 49,632
Total property and equipment, net 11,820,216 6,611,105
Derivative assets 8,233 794
Right-of-use assets 94,606 24,125
Other noncurrent assets 29,852 6,945
Total Assets 14,097,319 7,971,399
Current liabilities:    
Accounts payable and accrued expenses 565,708 295,297
Production taxes payable 421,045 258,932
Crude oil and natural gas revenue distribution payable 766,123 538,343
Derivative liability 18,096 46,334
Asset retirement obligations 31,116 25,557
Lease liability 45,298 13,464
Deferred revenue 4,501 0
Total current liabilities 1,851,887 1,177,927
Long-term liabilities:    
Senior notes, net 4,035,732 393,293
Credit facility 750,000 0
Ad valorem taxes 313,753 412,650
Derivative liability 0 17,199
Deferred income tax liabilities, net 564,781 319,618
Asset retirement obligations 305,716 265,469
Lease liability 50,240 11,324
Deferred revenue 43,889 0
Total liabilities 7,915,998 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, 93,774,901 and 85,120,287 issued and outstanding as of December 31, 2023 and 2022, respectively 5,004 4,918
Additional paid-in capital 4,964,450 4,211,197
Retained earnings 1,211,867 1,157,804
Total stockholders’ equity 6,181,321 5,373,919
Total Liabilities and Stockholders’ Equity $ 14,097,319 $ 7,971,399