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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 6,741 $ 13,301
Accounts receivable 32,584 25,551
Prepaid expenses and other current assets 2,254 3,236
Inventory 9,630 8,886
Current derivative assets 3,924 20
Total current assets 55,133 50,994
Oil and natural gas properties, net (successful efforts) 841,891 440,102
Other property and equipment, net 20,058 20,023
Non-current derivative assets 3,799 0
Other non-current assets, net 11,042 4,175
Total Assets 931,923 515,294
Current Liabilities:    
Accrued liabilities 28,880 35,582
Revenue payable 25,234 17,750
Current derivative liabilities 2,117 16,472
Current portion of long-term debt 20,000 0
Other current liabilities 7,216 2,562
Total Current Liabilities 88,851 76,305
Non-current derivative liabilities 260 12
Asset retirement obligations 21,005 2,724
Long-term debt 374,256 56,000
Deferred tax liabilities 59,493 45,756
Other non-current liabilities 1,205 1,051
Total Liabilities 545,070 181,848
Commitments and Contingencies (Note 13)
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; 20,181,704 and 20,160,980 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 20 20
Additional paid-in capital 276,828 274,643
Retained earnings 110,005 58,783
Total Shareholders' Equity 386,853 333,446
Total Liabilities and Shareholders' Equity 931,923 515,294
Nonrelated Party    
Current Liabilities:    
Accounts payable $ 5,404 $ 3,939