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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 92,697 $ 252,407
Restricted cash - other 1,384 1,537
Accounts receivable, net 28,506 22,166
Derivative contracts 1,284 0
Prepaid expenses 886 430
Other current assets 814 1,314
Total current assets 125,571 277,854
Oil and natural gas properties, using full cost method of accounting    
Proved 1,677,882 1,538,724
Unproved 17,487 11,197
Less: accumulated depreciation, depletion and impairment (1,406,957) (1,393,801)
Net oil and natural gas properties capitalized costs 288,412 156,120
Other property, plant and equipment, net 81,694 86,493
Derivative contracts 383 0
Other assets 3,172 3,130
Deferred tax assets, net of valuation allowance 66,008 50,569
Total assets 565,240 574,166
Current liabilities    
Accounts payable and accrued expenses 48,479 38,828
Asset retirement obligations 9,668 9,851
Other current liabilities 608 645
Total current liabilities 58,755 49,324
Asset retirement obligations 57,775 54,553
Other long-term obligations 1,953 2,178
Total liabilities 118,483 106,055
Commitments and contingencies (Note 7)
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 37,205 issued and outstanding at September 30, 2024 and 37,091 issued and outstanding at December 31, 2023 37 37
Additional paid-in capital 1,004,264 1,071,021
Accumulated deficit (557,544) (602,947)
Total stockholders’ equity 446,757 468,111
Total liabilities and stockholders’ equity $ 565,240 $ 574,166