XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 17,908 $ 8,317
Accounts receivable 27,463 18,002
Prepaid expenses and other current assets 3,377 4,902
Current derivative assets 1,607 83
Total current assets 50,355 31,304
Oil and natural gas properties, net (successful efforts) 431,067 359,131
Other property and equipment, net 4,822 3,174
Non-current derivative assets 0 267
Other non-current assets, net 4,307 2,293
Total Assets 490,551 396,169
Current Liabilities:    
Accounts payable 10,854 7,737
Accounts payable - related parties 122 164
Accrued liabilities 28,785 12,874
Revenue payable 17,768 11,370
Current derivative liabilities 22,529 30,984
Other current liabilities 3,003 947
Total Current Liabilities 83,061 64,076
Non-current derivative liabilities 2,423 9,515
Asset retirement obligations 2,689 2,261
Revolving credit facility 48,000 65,000
Deferred tax liabilities 40,586 17,384
Other non-current liabilities 1,138 95
Total Liabilities 177,897 158,331
Commitments and Contingencies (Note 14)
Shareholders' Equity:    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 240,000,000 shares authorized; 20,181,872 and 19,836,885 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 20 20
Additional paid-in capital 273,821 271,737
Retained earnings (Accumulated deficit) 38,813 (33,919)
Total Shareholders' Equity 312,654 237,838
Total Liabilities and Shareholders' Equity $ 490,551 $ 396,169