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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 32,726 $ 46,864
Accounts receivable, net 37,974 36,806
Assets from derivative contracts 16,244 1,383
Restricted cash 90 1,495
Prepaids and other 1,131 1,366
Total current assets 88,165 87,914
Oil and natural gas properties (full cost method):    
Subject to depletion 713,585 569,886
Unevaluated 62,621 64,305
Gross oil and natural gas properties 776,206 634,191
Less - accumulated depletion (390,796) (339,776)
Net oil and natural gas properties 385,410 294,415
Other operating property and equipment:    
Other operating property and equipment 4,434 3,467
Less - accumulated depreciation (1,209) (1,035)
Net other operating property and equipment 3,225 2,432
Other noncurrent assets:    
Assets from derivative contracts 5,379 2,515
Operating lease right of use assets 352 721
Other assets 2,827 2,270
Total assets 485,358 390,267
Current liabilities:    
Accounts payable and accrued liabilities 100,095 62,826
Liabilities from derivative contracts 29,286 58,322
Current portion of long-term debt 35,067 85
Operating lease liabilities 352 369
Asset retirement obligations 225  
Total current liabilities 165,025 121,602
Long-term debt, net 182,676 181,565
Other noncurrent liabilities:    
Liabilities from derivative contracts 33,649 7,144
Asset retirement obligations 15,244 11,896
Operating lease liabilities   352
Other 4,136 4,003
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock: 100,000,000 shares of $0.0001 par value authorized; 16,344,815 and 16,273,913 shares issued and outstanding as of December 31, 2022 and 2021, respectively 2 2
Additional paid-in capital 334,571 332,187
Retained earnings (accumulated deficit) (249,945) (268,484)
Total stockholders' equity 84,628 63,705
Total liabilities and stockholders' equity $ 485,358 $ 390,267