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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 10,430 $ 50,833
Revenue receivable 72,934 72,287
Advances to operators 4,928 8,908
Prepaid and other expenses 1,716 4,203
Derivative assets - commodity derivatives 11,117 10,089
Equity investments 50,427 0
Total current assets 151,552 146,320
Property and equipment:    
Oil and gas properties, successful efforts method 1,236,683 1,028,662
Accumulated depletion (467,141) (383,673)
Total property and equipment, net 769,542 644,989
Long-term assets:    
Derivative assets - commodity derivatives 1,189 0
Other long-term assets 4,821 3,468
Total long-term assets 6,010 3,468
Total assets 927,104 794,777
Current liabilities:    
Accrued expenses 60,875 62,180
Other liabilities 1,204 1,523
Derivative liabilities - commodity derivatives 0 431
Total current liabilities 62,079 64,134
Long-term liabilities:    
Long-term debt 110,000 0
Derivative liabilities - common stock warrants 0 11,902
Asset retirement obligations 9,391 4,745
Deferred tax liability 73,989 49,749
Total long-term liabilities 193,380 66,396
Total liabilities 255,459 130,530
Commitments and contingencies (Note 11)
Stockholders' Equity:    
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,040,777 and 133,294,897 issued at December 31, 2023 and 2022, respectively 14 13
Additional paid-in capital 653,174 632,075
Retained earnings 54,782 32,388
Treasury stock, at cost, 5,677,627 and 25,920 shares at December 31, 2023 and 2022, respectively (36,325) (229)
Total stockholders' equity 671,645 664,247
Total liabilities and stockholders' equity $ 927,104 $ 794,777