v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 54 $ 0
Accounts receivable 382,955 360,976
Derivative assets 60,640 48,522
Prepaid expenses and other 28,173 25,201
Total current assets 471,822 434,699
Property and equipment (successful efforts method):    
Proved oil and gas properties 14,688,382 14,301,502
Accumulated depletion, depreciation, and amortization (7,869,420) (7,603,195)
Unproved oil and gas properties, net of valuation allowance of $32,680 and $32,680, respectively 760,128 764,924
Wells in progress 537,457 481,893
Other property and equipment, net of accumulated depreciation of $62,709 and $61,737, respectively 45,055 47,585
Total property and equipment, net 8,161,602 7,992,709
Noncurrent assets:    
Derivative assets 3,533 3,973
Other noncurrent assets 150,708 145,266
Total noncurrent assets 154,241 149,239
Total assets 8,787,665 8,576,647
Current liabilities:    
Accounts payable and accrued expenses 764,773 760,473
Derivative liabilities 33,423 7,058
Other current liabilities 24,527 22,419
Total current liabilities 822,723 789,950
Noncurrent liabilities:    
Revolving credit facility 37,500 68,500
Senior Notes, net 2,709,584 2,708,243
Asset retirement obligations 147,929 145,313
Net deferred tax liabilities 569,551 545,295
Derivative liabilities 17,421 7,142
Other noncurrent liabilities 79,224 74,947
Total noncurrent liabilities 3,561,209 3,549,440
Commitments and contingencies (note 6)
Stockholders’ equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 114,462,218 and 114,461,934 shares, respectively 1,145 1,145
Additional paid-in capital 1,508,865 1,501,779
Retained earnings 2,894,870 2,735,494
Accumulated other comprehensive loss (1,147) (1,161)
Total stockholders’ equity 4,403,733 4,237,257
Total liabilities and stockholders’ equity $ 8,787,665 $ 8,576,647

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