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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 23,102 $ 10,430
Revenue receivable 58,504 72,934
Advances to operators 11,756 4,928
Prepaid and other current assets 2,592 1,716
Derivative assets - commodity derivatives 8,489 11,117
Equity investments 27,651 50,427
Total current assets 132,094 151,552
Property and equipment:    
Oil and gas properties, successful efforts method 1,492,861 1,236,683
Accumulated depletion (593,411) (467,141)
Total property and equipment, net 899,450 769,542
Long-term assets:    
Derivative assets - commodity derivatives 0 1,189
Other long-term assets 4,331 4,821
Total long-term assets 4,331 6,010
Total assets 1,035,875 927,104
Current liabilities:    
Accounts payable and accrued liabilities 83,231 60,875
Other liabilities 1,233 1,204
Total current liabilities 84,464 62,079
Long-term liabilities:    
Long-term debt 195,000 110,000
Derivative liabilities - commodity derivatives 676 0
Asset retirement obligations 10,433 9,391
Deferred tax liability 84,722 73,989
Total long-term liabilities 290,831 193,380
Total liabilities 375,295 255,459
Stockholders' Equity:    
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,424,207 and 136,040,777 issued at September 30, 2024 and December 31, 2023, respectively 14 14
Additional paid-in capital 654,857 653,174
Retained earnings 42,051 54,782
Treasury stock, at cost, 5,680,255 and 5,677,627 shares at September 30, 2024 and December 31, 2023, respectively (36,342) (36,325)
Total stockholders' equity 660,580 671,645
Total liabilities and stockholders' equity $ 1,035,875 $ 927,104