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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 18,514 $ 32,726
Accounts receivable, net 23,518 37,974
Assets from derivative contracts 9,611 16,244
Restricted cash 90 90
Prepaids and other 1,049 1,131
Total current assets 52,782 88,165
Oil and natural gas properties (full cost method):    
Subject to depletion 727,347 713,585
Unevaluated 62,649 62,621
Gross oil and natural gas properties 789,996 776,206
Less - accumulated depletion (420,964) (390,796)
Net oil and natural gas properties 369,032 385,410
Other operating property and equipment:    
Other operating property and equipment 4,674 4,434
Less - accumulated depreciation (1,486) (1,209)
Net other operating property and equipment 3,188 3,225
Other noncurrent assets:    
Assets from derivative contracts 5,299 5,379
Operating lease right of use assets 162 352
Other assets 2,778 2,827
Total assets 433,241 485,358
Current liabilities:    
Accounts payable and accrued liabilities 48,897 100,095
Liabilities from derivative contracts 15,480 29,286
Current portion of long-term debt 42,606 35,067
Operating lease liabilities 162 352
Asset retirement obligations 111 225
Total current liabilities 107,256 165,025
Long-term debt, net 164,055 182,676
Other noncurrent liabilities:    
Liabilities from derivative contracts 17,406 33,649
Asset retirement obligations 15,741 15,244
Other 3,432 4,136
Commitments and contingencies (Note 9)
Temporary equity:    
Series A redeemable convertible preferred stock: 25,000 shares of $.0001 par value authorized, issued and outstanding as of June 30, 2023 26,030  
Stockholders' equity:    
Common stock: 100,000,000 shares of $0.0001 par value authorized; 16,456,563 and 16,344,815 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 2 2
Additional paid-in capital 331,201 334,571
Retained earnings (accumulated deficit) (231,882) (249,945)
Total stockholders' equity 99,321 84,628
Total liabilities, temporary equity and stockholders' equity $ 433,241 $ 485,358