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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 91,884 $ 1,124,797
Accounts receivable, net:    
Crude oil and natural gas sales 559,736 505,961
Joint interest and other 227,233 247,228
Derivative assets 14,118 35,192
Deposits for acquisitions 0 163,164
Prepaid expenses and other 60,809 68,070
Total current assets 953,780 2,144,412
Property and equipment (successful efforts method):    
Proved properties 15,671,856 12,738,568
Less: accumulated depreciation, depletion, and amortization (3,249,814) (2,339,541)
Total proved properties, net 12,422,042 10,399,027
Unproved properties 817,351 821,939
Wells in progress 661,599 536,858
Other property and equipment, net of accumulated depreciation of $10,938 in 2024 and $9,808 in 2023 56,630 62,392
Total property and equipment, net 13,957,622 11,820,216
Derivative assets 500 8,233
Other noncurrent assets 129,388 124,458
Total assets 15,041,290 14,097,319
Current liabilities:    
Accounts payable and accrued expenses 665,635 565,708
Production taxes payable 259,304 421,045
Crude oil and natural gas revenue distribution payable 705,343 766,123
Derivative liability 70,835 18,096
Deferred acquisition consideration 497,277 0
Other liabilities 91,345 80,915
Total current liabilities 2,289,739 1,851,887
Long-term liabilities:    
Long-term debt 4,889,554 4,785,732
Ad valorem taxes 189,917 307,924
Derivative liability 936 0
Deferred income tax liabilities, net 657,470 564,781
Asset retirement obligations 317,886 305,716
Other long-term liabilities 109,771 99,958
Total liabilities 8,455,273 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, 98,347,937 and 93,774,901 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 5,050 5,004
Additional paid-in capital 5,318,431 4,964,450
Retained earnings 1,262,536 1,211,867
Total stockholders’ equity 6,586,017 6,181,321
Total liabilities and stockholders’ equity $ 15,041,290 $ 14,097,319