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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 13,301 $ 8,317
Accounts receivable 25,551 18,002
Prepaid expenses and other current assets 3,236 4,122
Inventory 8,886 780
Current derivative assets 20 83
Total current assets 50,994 31,304
Oil and natural gas properties, net (successful efforts) 440,102 359,131
Other property and equipment, net 20,023 3,174
Non-current derivative assets 0 267
Other non-current assets, net 4,175 2,293
Total Assets 515,294 396,169
Current Liabilities:    
Accounts payable 3,939 7,737
Accounts payable - related parties 324 164
Accrued liabilities 35,582 12,874
Revenue payable 17,750 11,370
Current derivative liabilities 16,472 30,984
Other current liabilities 2,238 947
Total Current Liabilities 76,305 64,076
Non-current derivative liabilities 12 9,515
Asset retirement obligations 2,724 2,261
Revolving credit facility 56,000 65,000
Deferred tax liabilities 45,756 17,384
Other non-current liabilities 1,051 95
Total Liabilities 181,848 158,331
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; 20,160,980 and 19,836,885 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 20 20
Additional paid-in capital 274,643 271,737
Retained earnings (Accumulated deficit) 58,783 (33,919)
Total Shareholders' Equity 333,446 237,838
Total Liabilities and Shareholders' Equity $ 515,294 $ 396,169
Common stock outstanding post merger (in Shares) 20,160,980 19,836,885
Common stock, shares issued (in Shares) 20,160,980 19,836,885