v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Accounts receivable $ 36,928 $ 35,488
Accrued revenue 373,391 707,685
Derivative instruments 2,563 1,900
Prepaid expenses and other current assets 9,537 42,452
Total current assets 422,419 787,525
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,020,394 997,715
Proved properties 13,773,718 13,234,777
Gathering systems and facilities 5,802 5,802
Other property and equipment 95,317 83,909
Property and equipment, gross 14,895,231 14,322,203
Less accumulated depletion, depreciation, and amortization (4,957,449) (4,683,399)
Property and equipment, net 9,937,782 9,638,804
Operating leases right-of-use assets 3,128,584 3,444,331
Derivative instruments 6,627 9,844
Investment in unconsolidated affiliate 220,110 220,429
Other assets 21,035 17,106
Total assets 13,736,557 14,118,039
Current liabilities:    
Accrued liabilities 335,093 461,788
Revenue distributions payable 338,244 468,210
Derivative instruments 31,134 97,765
Short-term lease liabilities 551,037 556,636
Deferred revenue, VPP 27,990 30,552
Other current liabilities 6,302 1,707
Total current liabilities 1,461,054 1,774,909
Long-term liabilities:    
Long-term debt 1,606,895 1,183,476
Deferred income tax liability, net 805,775 759,861
Derivative instruments 52,584 345,280
Long-term lease liabilities 2,581,323 2,889,854
Deferred revenue, VPP 67,524 87,813
Other liabilities 63,214 59,692
Total liabilities 6,638,369 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 300,386 shares issued and outstanding as of September 30, 2023 3,004 2,974
Additional paid-in capital 5,822,013 5,838,848
Retained earnings 1,037,064 913,896
Treasury stock, at cost; 34 shares and zero shares as of December 31, 2022 and September 30, 2023, respectively   (1,160)
Total stockholders' equity 6,862,081 6,754,558
Noncontrolling interests 236,107 262,596
Total equity 7,098,188 7,017,154
Total liabilities and equity 13,736,557 14,118,039
Affiliated Entity    
Current liabilities:    
Accounts payable 89,350 80,708
Nonrelated Party    
Current liabilities:    
Accounts payable $ 81,904 $ 77,543

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