v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Accounts receivable $ 40,121 $ 42,619
Accrued revenue 326,218 400,805
Derivative instruments 6,579 5,175
Prepaid expenses 12,326 12,901
Other current assets 17,468 14,192
Total current assets 402,712 475,692
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 962,738 974,642
Proved properties 14,060,385 13,908,804
Gathering systems and facilities 5,802 5,802
Other property and equipment 104,409 98,668
Property and equipment, gross 15,133,334 14,987,916
Less accumulated depletion, depreciation and amortization (5,179,844) (5,063,274)
Property and equipment, net 9,953,490 9,924,642
Operating leases right-of-use assets 2,932,501 2,965,880
Derivative instruments 3,929 5,570
Investment in unconsolidated affiliate 226,034 222,255
Other assets 29,828 25,375
Total assets 13,548,494 13,619,414
Current liabilities:    
Accrued liabilities 314,957 381,340
Revenue distributions payable 358,560 361,782
Derivative instruments 14,148 15,236
Short-term lease liabilities 535,617 540,060
Deferred revenue, VPP 26,593 27,101
Other current liabilities 1,240 1,295
Total current liabilities 1,382,903 1,452,091
Long-term liabilities:    
Long-term debt 1,510,109 1,537,596
Deferred income tax liability, net 844,230 834,268
Derivative instruments 25,538 32,764
Long-term lease liabilities 2,399,274 2,428,450
Deferred revenue, VPP 54,482 60,712
Other liabilities 60,082 59,431
Total liabilities 6,276,618 6,405,312
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; 303,544 and 310,170 shares issued and outstanding as of December 31, 2023 and March 31, 2024, respectively 3,102 3,035
Additional paid-in capital 5,879,578 5,846,541
Retained earnings 1,168,173 1,131,828
Total stockholders' equity 7,050,853 6,981,404
Noncontrolling interests 221,023 232,698
Total equity 7,271,876 7,214,102
Total liabilities and equity 13,548,494 13,619,414
Affiliated Entity    
Current liabilities:    
Accounts payable 93,707 86,284
Nonrelated Party    
Current liabilities:    
Accounts payable $ 38,081 $ 38,993

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