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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 13,322 $ 15,319
Accounts receivable, net 41,034 35,126
Prepaid expenses 2,037 1,631
Inventory 6,738 6,177
Current derivative assets 12,195 5,013
Total Current Assets 75,326 63,266
Oil and natural gas properties, net (successful efforts) 871,996 846,901
Other property and equipment, net 19,189 20,653
Non-current derivative assets 2,475 2,296
Equity method investment 22,047 5,620
Other non-current assets, net 6,842 6,975
Total Assets 997,875 945,711
Current Liabilities:    
Accounts payable 14,213 3,855
Accrued liabilities 25,716 33,159
Revenue payable 33,745 30,695
Current derivative liabilities 0 360
Current portion of long-term debt 20,000 20,000
Other current liabilities 13,570 6,276
Total Current Liabilities 107,244 94,345
Non-current derivative liabilities 30 0
Asset retirement obligations 31,406 19,255
Long-term debt 268,620 335,959
Deferred tax liabilities 82,077 73,345
Other non-current liabilities 1,093 1,212
Total Liabilities 490,470 524,116
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; 21,541,393 and 20,405,093 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 21 20
Additional paid-in capital 310,155 279,112
Retained earnings 197,229 142,463
Total Shareholders' Equity 507,405 421,595
Total Liabilities and Shareholders' Equity $ 997,875 $ 945,711