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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 47,075 $ 1,124,797
Accounts receivable, net:    
Crude oil and natural gas sales 549,074 505,961
Joint interest and other 201,202 247,228
Derivative assets 94,312 35,192
Deposits for acquisitions 0 163,164
Prepaid expenses and other 67,955 68,070
Total current assets 959,618 2,144,412
Property and equipment (successful efforts method):    
Proved properties 16,310,966 12,738,568
Less: accumulated depreciation, depletion, and amortization (3,751,613) (2,339,541)
Total proved properties, net 12,559,353 10,399,027
Unproved properties 782,027 821,939
Wells in progress 514,590 536,858
Other property and equipment, net of accumulated depreciation of $11,522 in 2024 and $9,808 in 2023 55,297 62,392
Total property and equipment, net 13,911,267 11,820,216
Derivative assets 4,492 8,233
Other noncurrent assets 132,416 124,458
Total assets 15,007,793 14,097,319
Current liabilities:    
Accounts payable and accrued expenses 586,329 565,708
Production taxes payable 320,523 421,045
Crude oil and natural gas revenue distribution payable 635,512 766,123
Derivative liability 14,168 18,096
Deferred acquisition consideration 469,183 0
Other liabilities 88,394 80,915
Total current liabilities 2,114,109 1,851,887
Long-term liabilities:    
Debt, net 4,841,523 4,785,732
Ad valorem taxes 203,471 307,924
Derivative liability 10,890 0
Deferred income tax liabilities, net 752,175 564,781
Asset retirement obligations 310,417 305,716
Other long-term liabilities 106,731 99,958
Total liabilities 8,339,316 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, 97,091,021 and 93,774,901 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 5,037 5,004
Additional paid-in capital 5,255,278 4,964,450
Retained earnings 1,408,162 1,211,867
Total stockholders’ equity 6,668,477 6,181,321
Total liabilities and stockholders’ equity $ 15,007,793 $ 14,097,319