v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,735,313 $ 616,164
Accounts receivable 226,604 231,165
Derivative assets 72,287 56,442
Prepaid expenses and other 10,224 12,668
Total current assets 2,044,428 916,439
Property and equipment (successful efforts method):    
Proved oil and gas properties 12,501,494 11,477,358
Accumulated depletion, depreciation, and amortization (7,370,881) (6,830,253)
Unproved oil and gas properties, net of valuation allowance of $33,095 and $35,362, respectively 287,311 335,620
Wells in progress 291,197 358,080
Other property and equipment, net of accumulated depreciation of $62,435 and $59,669, respectively 45,149 35,615
Total property and equipment, net 5,754,270 5,376,420
Noncurrent assets:    
Acquisition deposit held in escrow 102,000 0
Derivative assets 11,584 8,672
Other noncurrent assets 115,490 78,454
Total noncurrent assets 229,074 87,126
Total assets 8,027,772 6,379,985
Current liabilities:    
Accounts payable and accrued expenses 560,839 611,598
Derivative liabilities 2,401 6,789
Other current liabilities 17,859 15,425
Total current liabilities 581,099 633,812
Noncurrent liabilities:    
Revolving credit facility 0 0
Senior Notes, net 2,706,700 1,575,334
Asset retirement obligations 125,327 118,774
Net deferred tax liabilities 467,459 369,903
Derivative liabilities 448 1,273
Other noncurrent liabilities 85,193 65,039
Total noncurrent liabilities 3,385,127 2,130,323
Commitments and contingencies (note 6)
Stockholders’ equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 114,418,413 and 115,745,393 shares, respectively 1,144 1,157
Additional paid-in capital 1,492,778 1,565,021
Retained earnings 2,570,108 2,052,279
Accumulated other comprehensive loss (2,484) (2,607)
Total stockholders’ equity 4,061,546 3,615,850
Total liabilities and stockholders’ equity $ 8,027,772 $ 6,379,985

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