Balance Sheet Image
v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Accounts receivable $ 25,375 $ 78,998
Accrued revenue 952,054 591,442
Derivative instruments 578 757
Other current assets 37,490 14,922
Total current assets 1,015,497 686,119
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,014,497 1,042,118
Proved properties 12,910,737 12,646,303
Gathering systems and facilities 5,802 5,802
Other property and equipment 126,807 116,522
Property and equipment, gross 14,057,843 13,810,745
Less accumulated depletion, depreciation, and amortization (4,466,297) (4,283,700)
Property and equipment, net 9,591,546 9,527,045
Operating leases right-of-use assets 3,355,622 3,419,912
Derivative instruments 7,058 14,369
Investment in unconsolidated affiliate 229,095 232,399
Other assets 13,882 16,684
Total assets 14,212,700 13,896,528
Current liabilities:    
Accounts payable 87,860 24,819
Accounts payable, related parties 72,871 76,240
Accrued liabilities 496,677 457,244
Revenue distributions payable 485,039 444,873
Derivative instruments 773,357 559,851
Short-term lease liabilities 506,724 456,347
Deferred revenue, VPP 34,107 37,603
Other current liabilities 18,769 11,140
Total current liabilities 2,475,404 2,068,117
Long-term liabilities:    
Long-term debt 1,577,213 2,125,444
Deferred income tax liability, net 483,722 318,126
Derivative instruments 393,139 181,806
Long-term lease liabilities 2,849,598 2,964,115
Deferred revenue, VPP 103,215 118,366
Other liabilities 56,546 54,462
Total liabilities 7,938,837 7,830,436
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 313,930 shares issued and outstanding as of December 31, 2021 and 307,891 and 308,812 shares issued and outstanding, respectively, as of June 30, 2022 3,088 3,139
Additional paid-in capital 6,119,645 6,371,398
Accumulated deficit (119,125) (617,377)
Total stockholders' equity 6,003,608 5,757,160
Noncontrolling interests 270,255 308,932
Total equity 6,273,863 6,066,092
Total liabilities and equity $ 14,212,700 $ 13,896,528

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