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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 10,366 $ 13,301
Accounts receivable 45,322 25,551
Prepaid expenses and other current assets 2,206 3,236
Inventory 8,623 8,886
Current derivative assets 689 20
Total current assets 67,206 50,994
Oil and natural gas properties, net (successful efforts) 853,032 440,102
Other property and equipment, net 20,158 20,023
Non-current derivative assets 1,356 0
Other non-current assets, net 11,487 4,175
Total Assets 953,239 515,294
Current Liabilities:    
Accrued liabilities 23,988 35,582
Revenue payable 28,648 17,750
Current derivative liabilities 19,103 16,472
Current portion of long-term debt 20,000 0
Other current liabilities 2,798 2,562
Total Current Liabilities 107,301 76,305
Non-current derivative liabilities 6,672 12
Asset retirement obligations 21,089 2,724
Long-term debt 365,069 56,000
Deferred tax liabilities 63,358 45,756
Other non-current liabilities 970 1,051
Total Liabilities 564,459 181,848
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; 20,146,394 and 20,160,980 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 20 20
Additional paid-in capital 276,845 274,643
Retained earnings 111,915 58,783
Total Shareholders' Equity 388,780 333,446
Total Liabilities and Shareholders' Equity 953,239 515,294
Nonrelated Party    
Current Liabilities:    
Accounts payable $ 12,764 $ 3,939