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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 29,834 $ 57,529
Accounts receivable, net 21,057 23,021
Assets from derivative contracts 5,701 8,992
Restricted cash 91 90
Prepaids and other 890 907
Total current assets 57,573 90,539
Oil and natural gas properties (full cost method):    
Evaluated 801,099 755,482
Unevaluated 51,895 58,909
Gross oil and natural gas properties 852,994 814,391
Less: accumulated depletion (483,534) (445,975)
Net oil and natural gas properties 369,460 368,416
Other operating property and equipment:    
Other operating property and equipment 4,659 4,640
Less: accumulated depreciation (2,303) (1,817)
Net other operating property and equipment 2,356 2,823
Other noncurrent assets:    
Assets from derivative contracts 7,197 4,877
Operating lease right of use assets 604 1,027
Other assets 20,833 17,656
Total assets 458,023 485,338
Current liabilities:    
Accounts payable and accrued liabilities 61,621 66,525
Liabilities from derivative contracts 9,799 17,191
Current portion of long-term debt 50,106 50,106
Operating lease liabilities 522 594
Total current liabilities 122,048 134,416
Long-term debt, net 92,668 140,276
Other noncurrent liabilities:    
Liabilities from derivative contracts 9,714 16,058
Asset retirement obligations 18,868 17,458
Operating lease liabilities 124 490
Other 10,761 2,084
Commitments and contingencies (Note 8)
Temporary equity:    
Redeemable convertible preferred stock: 138,000 shares and 98,000 shares of $0.0001 par value authorized, issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 168,856 106,535
Stockholders' equity:    
Common stock: 100,000,000 shares of $0.0001 par value authorized; 16,456,563 shares issued and outstanding as of September 30, 2024 and December 31, 2023 2 2
Additional paid-in capital 297,655 321,012
Accumulated deficit (262,673) (252,993)
Total stockholders' equity 34,984 68,021
Total liabilities, temporary equity and stockholders' equity $ 458,023 $ 485,338