Balance Sheet Image
v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,541  
Accounts receivable 36,145 $ 28,457
Receivables from contracts with customers 493,740 425,314
Derivative instruments 1,056 105,130
Other current assets 14,958 15,238
Total current assets 550,440 574,139
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,076,562 1,175,178
Proved properties 12,479,785 12,260,713
Gathering systems and facilities 5,802 5,802
Other property and equipment 77,231 74,361
Property and equipment, gross 13,639,380 13,516,054
Less accumulated depletion, depreciation, and amortization (4,095,539) (3,869,116)
Property and equipment, net 9,543,841 9,646,938
Operating leases right-of-use assets 2,486,044 2,613,603
Derivative instruments 19,396 47,293
Investment in unconsolidated affiliate 237,668 255,082
Other assets 10,944 13,790
Total assets 12,848,333 13,150,845
Current liabilities:    
Accounts payable 39,612 26,728
Accounts payable, related parties 85,471 69,860
Accrued liabilities 433,050 343,524
Revenue distributions payable 267,926 198,117
Derivative instruments 733,994 31,242
Short-term lease liabilities 269,611 266,024
Deferred revenue, VPP 41,453 45,257
Other current liabilities 11,980 2,302
Total current liabilities 1,883,097 983,054
Long-term liabilities:    
Long-term debt 2,415,163 3,001,593
Deferred income tax liability 214,292 412,252
Derivative instruments 204,525 99,172
Long-term lease liabilities 2,217,336 2,348,785
Deferred revenue, VPP 137,322 156,024
Other liabilities 58,184 59,694
Total liabilities 7,129,919 7,060,574
Commitments and contingencies (Notes 13 and 14)
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 268,672 shares and 313,527 shares issued and outstanding as of December 31, 2020 and June 30, 2021, respectively 3,135 2,686
Additional paid-in capital 6,363,774 6,195,497
Accumulated deficit (969,444) (430,478)
Total stockholders' equity 5,397,465 5,767,705
Noncontrolling interests 320,949 322,566
Total equity 5,718,414 6,090,271
Total liabilities and equity $ 12,848,333 $ 13,150,845

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