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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 52,070 $ 1,124,797
Accounts receivable, net:    
Crude oil and natural gas sales 601,991 505,961
Joint interest and other 228,004 247,228
Derivative assets 10,602 35,192
Deposits for acquisitions 0 163,164
Prepaid expenses and other 62,268 68,070
Total current assets 954,935 2,144,412
Property and equipment (successful efforts method):    
Proved properties 14,973,145 12,738,568
Less: accumulated depreciation, depletion, and amortization (2,751,356) (2,339,541)
Total proved properties, net 12,221,789 10,399,027
Unproved properties 957,403 821,939
Wells in progress 759,657 536,858
Other property and equipment, net of accumulated depreciation of $9,861 in 2024 and $9,808 in 2023 57,095 62,392
Total property and equipment, net 13,995,944 11,820,216
Derivative assets 254 8,233
Other noncurrent assets 132,890 124,458
Total assets 15,084,023 14,097,319
Current liabilities:    
Accounts payable and accrued expenses 659,848 565,708
Production taxes payable 411,069 421,045
Crude oil and natural gas revenue distribution payable 814,552 766,123
Derivative liability 80,614 18,096
Deferred acquisition consideration 525,627 0
Other liabilities 87,986 80,915
Total current liabilities 2,579,696 1,851,887
Long-term liabilities:    
Long-term debt 4,437,624 4,785,732
Ad valorem taxes 376,261 307,924
Derivative liability 5,690 0
Deferred income tax liabilities, net 594,775 564,781
Asset retirement obligations 336,560 305,716
Other long-term liabilities 118,489 99,958
Total liabilities 8,449,095 7,915,998
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, 100,084,095 and 93,774,901 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 5,067 5,004
Additional paid-in capital 5,402,979 4,964,450
Retained earnings 1,226,882 1,211,867
Total stockholders’ equity 6,634,928 6,181,321
Total liabilities and stockholders’ equity $ 15,084,023 $ 14,097,319