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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 10,910 $ 15,319
Accounts receivable 42,077 35,126
Prepaid expenses 1,766 1,625
Inventory 5,685 6,177
Current derivative assets 1,426 5,013
Total current assets 61,864 63,260
Oil and natural gas properties, net (successful efforts) 889,270 846,901
Other property and equipment, net 20,630 20,653
Non-current derivative assets 631 2,296
Equity method investment 20,757 5,620
Other non-current assets, net 9,805 6,981
Total Assets 1,002,957 945,711
Current Liabilities:    
Accounts payable 12,581 3,855
Accrued liabilities 19,156 33,159
Revenue payable 32,902 30,695
Current derivative liabilities 8,292 360
Current portion of long-term debt 20,000 20,000
Other current liabilities 4,691 6,276
Total Current Liabilities 97,622 94,345
Non-current derivative liabilities 2,527 0
Asset retirement obligations 31,503 19,255
Long-term debt 302,720 335,959
Deferred tax liabilities 78,418 73,345
Other non-current liabilities 1,135 1,212
Total Liabilities 513,925 524,116
Commitments and Contingencies (Note 14)
Shareholders' Equity:    
Preferred stock, $0.0000 par value, 25,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 240,000,000 shares authorized; 21,559,918 and 20,405,093 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 21 20
Additional paid-in capital 309,341 279,112
Retained earnings 179,670 142,463
Total Shareholders' Equity 489,032 421,595
Total Liabilities and Shareholders' Equity $ 1,002,957 $ 945,711