XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,001 $ 33,637
Accounts receivable    
Trade, net 248,892 178,977
Joint interest, net 143,801 79,337
Other, net 16,652 19,296
Assets from price risk management activities 18,753 36,152
Prepaid assets 75,776 64,387
Other current assets 16,036 10,389
Total current assets 540,911 422,175
Property and equipment:    
Proved properties 9,268,050 7,906,295
Unproved properties, not subject to amortization 654,906 268,315
Other property and equipment 34,440 34,027
Total property and equipment 9,957,396 8,208,637
Accumulated depreciation, depletion and amortization (4,383,970) (4,168,328)
Total property and equipment, net 5,573,426 4,040,309
Other long-term assets:    
Restricted cash 103,360 102,362
Assets from price risk management activities 5,355 17,551
Equity method investments 108,036 146,049
Other well equipment 63,507 54,277
Notes receivable, net 16,619 16,207
Operating lease assets 12,676 11,418
Other assets 10,494 5,961
Total assets 6,434,384 4,816,309
Current liabilities:    
Accounts payable 136,833 84,193
Accrued liabilities 272,231 227,690
Accrued royalties 71,007 55,051
Current portion of long-term debt 0 33,060
Current portion of asset retirement obligations 71,799 77,581
Liabilities from price risk management activities 74,033 7,305
Accrued interest payable 21,106 42,300
Current portion of operating lease liabilities 3,543 2,666
Other current liabilities 46,310 48,769
Total current liabilities 696,862 578,615
Long-term liabilities:    
Long-term debt 1,533,952 992,614
Asset retirement obligations 1,037,533 819,645
Liabilities from price risk management activities 3,747 795
Operating lease liabilities 18,271 18,211
Other long-term liabilities 391,834 251,278
Total liabilities 3,682,199 2,661,158
Commitments and Contingencies (Note 11)
Stockholders' equity:    
Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock; $0.01 par value; 270,000,000 shares authorized; 187,307,298 and 127,480,361 shares issued as of March 31, 2024 and December 31, 2023, respectively 1,873 1,275
Additional paid-in capital 3,257,972 2,549,097
Accumulated deficit (460,156) (347,717)
Treasury stock, at cost; 3,400,000 and 3,400,000 shares as of March 31, 2024 and December 31, 2023, respectively (47,504) (47,504)
Total stockholdersʼ equity 2,752,185 2,155,151
Total liabilities and stockholdersʼ equity $ 6,434,384 $ 4,816,309