v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Accounts receivable $ 30,207 $ 35,488
Accrued revenue 379,337 707,685
Derivative instruments 6,242 1,900
Prepaid expenses and other current assets 21,856 42,452
Total current assets 437,642 787,525
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,013,780 997,715
Proved properties 13,450,257 13,234,777
Gathering systems and facilities 5,882 5,802
Other property and equipment 87,091 83,909
Property and equipment, gross 14,557,010 14,322,203
Less accumulated depletion, depreciation, and amortization (4,771,093) (4,683,399)
Property and equipment, net 9,785,917 9,638,804
Operating leases right-of-use assets 3,401,994 3,444,331
Derivative instruments 9,825 9,844
Investment in unconsolidated affiliate 219,515 220,429
Other assets 16,253 17,106
Total assets 13,871,146 14,118,039
Current liabilities:    
Accounts payable 83,685 77,543
Accounts payable, related parties 99,784 80,708
Accrued liabilities 318,084 461,788
Revenue distributions payable 381,880 468,210
Derivative instruments 28,716 97,765
Short-term lease liabilities 553,532 556,636
Deferred revenue, VPP 29,757 30,552
Other current liabilities 2,103 1,707
Total current liabilities 1,497,541 1,774,909
Long-term liabilities:    
Long-term debt 1,312,046 1,183,476
Deferred income tax liability, net 822,010 759,861
Derivative instruments 75,854 345,280
Long-term lease liabilities 2,851,571 2,889,854
Deferred revenue, VPP 81,075 87,813
Other liabilities 60,657 59,692
Total liabilities 6,700,754 7,100,885
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; 297,393 shares issued and 297,359 outstanding as of December 31, 2022, and 299,321 shares issued and outstanding as of March 31, 2023 2,993 2,974
Additional paid-in capital 5,806,031 5,838,848
Retained earnings 1,102,340 913,896
Treasury stock, at cost; 34 shares and zero shares as of December 31, 2022 and March 31, 2023, respectively   (1,160)
Total stockholders' equity 6,911,364 6,754,558
Noncontrolling interests 259,028 262,596
Total equity 7,170,392 7,017,154
Total liabilities and equity $ 13,871,146 $ 14,118,039

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