Balance Sheet Image
v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Accounts receivable $ 45,755 $ 78,998
Accrued revenue 660,884 591,442
Derivative instruments 263 757
Other current assets 17,874 14,922
Total current assets 724,776 686,119
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,001,420 1,042,118
Proved properties 12,786,692 12,646,303
Gathering systems and facilities 5,802 5,802
Other property and equipment 123,824 116,522
Property and equipment, gross 13,917,738 13,810,745
Less accumulated depletion, depreciation, and amortization (4,384,971) (4,283,700)
Property and equipment, net 9,532,767 9,527,045
Operating leases right-of-use assets 3,285,337 3,419,912
Derivative instruments 10,516 14,369
Investment in unconsolidated affiliate 234,390 232,399
Other assets 15,714 16,684
Total assets 13,803,500 13,896,528
Current liabilities:    
Accounts payable 67,769 24,819
Accounts payable, related parties 73,259 76,240
Accrued liabilities 341,692 457,244
Revenue distributions payable 408,347 444,873
Derivative instruments 1,152,299 559,851
Short-term lease liabilities 455,723 456,347
Deferred revenue, VPP 35,864 37,603
Other current liabilities 16,099 11,140
Total current liabilities 2,551,052 2,068,117
Long-term liabilities:    
Long-term debt 1,959,944 2,125,444
Deferred income tax liability, bet 254,633 318,126
Derivative instruments 311,005 181,806
Long-term lease liabilities 2,830,175 2,964,115
Deferred revenue, VPP 110,832 118,366
Other liabilities 57,175 54,462
Total liabilities 8,074,816 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 and 311,020 shares issued and outstanding as of December 31, 2021 and March 31, 2022, respectively 3,110 3,139
Additional paid-in capital 6,266,506 6,371,398
Accumulated deficit (795,830) (617,377)
Total stockholders' equity 5,473,786 5,757,160
Noncontrolling interests 254,898 308,932
Total equity 5,728,684 6,066,092
Total liabilities and equity $ 13,803,500 $ 13,896,528

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