Balance Sheet Image
v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Accounts receivable $ 88,062 $ 46,419
Accounts receivable, related parties   125,000
Accrued revenue 338,729 317,886
Derivative instruments 83,057 422,849
Other current assets 11,934 10,731
Total current assets 521,782 922,885
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,265,255 1,368,854
Proved properties 12,149,941 11,859,817
Gathering systems and facilities 5,802 5,802
Other property and equipment 72,936 71,895
Property and equipment, gross 13,493,934 13,306,368
Less accumulated depletion, depreciation, and amortization (3,659,376) (3,327,629)
Property and equipment, net 9,834,558 9,978,739
Operating leases right-of-use assets 2,660,188 2,886,500
Derivative instruments 44,070 333,174
Investment in unconsolidated affiliate 272,926 1,055,177
Other assets 16,215 21,094
Total assets 13,349,739 15,197,569
Current liabilities:    
Accounts payable 55,173 14,498
Accounts payable, related parties 81,519 97,883
Accrued liabilities 344,606 400,850
Revenue distributions payable 148,917 207,988
Derivative instruments 107,933 6,721
Short-term lease liabilities 251,568 305,320
Deferred revenue, VPP 43,192  
Other current liabilities 2,467 6,879
Total current liabilities 1,035,375 1,040,139
Long-term liabilities:    
Long-term debt 3,158,225 3,758,868
Deferred income tax liability 381,233 781,987
Derivative instruments 149,222 3,519
Long-term lease liabilities 2,410,114 2,583,678
Deferred revenue, VPP 167,466  
Other liabilities 64,223 58,635
Total liabilities 7,365,858 8,226,826
Commitments and contingencies (Notes 14 and 15)
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 295,941 shares and 268,549 shares issued and outstanding at December 31, 2019 and September 30, 2020, respectively 2,685 2,959
Additional paid-in capital 6,165,750 6,130,365
Accumulated earnings (deficit) (500,308) 837,419
Total stockholders' equity 5,668,127 6,970,743
Noncontrolling interests 315,754  
Total equity 5,983,881 6,970,743
Total liabilities and equity $ 13,349,739 $ 15,197,569

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