Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Accounts receivable $ 86,657 $ 28,457
Accrued revenue 446,513 425,314
Derivative instruments 41,356 105,130
Other current assets 11,781 15,238
Total current assets 586,307 574,139
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,144,531 1,175,178
Proved properties 12,330,278 12,260,713
Gathering systems and facilities 5,802 5,802
Other property and equipment 77,826 74,361
Property and equipment, gross 13,558,437 13,516,054
Less accumulated depletion, depreciation, and amortization (3,990,460) (3,869,116)
Property and equipment, net 9,567,977 9,646,938
Operating lease right-of-use assets 2,549,297 2,613,603
Derivative instruments 43,240 47,293
Investment in unconsolidated affiliate 241,158 255,082
Other assets 12,403 13,790
Total assets 13,000,382 13,150,845
Current liabilities:    
Accounts payable 41,990 26,728
Accounts payable, related parties 85,846 69,860
Accrued liabilities 350,763 343,524
Revenue distributions payable 282,413 198,117
Derivative instruments 146,720 31,242
Short-term lease liabilities 265,551 266,024
Deferred revenue, VPP 43,357 45,257
Other current liabilities 4,688 2,302
Total current liabilities 1,221,328 983,054
Long-term liabilities:    
Long-term debt 2,568,686 3,001,593
Deferred income tax liability 395,244 412,252
Derivative instruments 98,944 99,172
Long-term lease liabilities 2,284,680 2,348,785
Deferred revenue, VPP 146,695 156,024
Other liabilities 56,856 59,694
Total liabilities 6,772,433 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 301,190 shares issued and outstanding as of December 31, 2020 and March 31, 2021, respectively 3,011 2,686
Additional paid-in capital 6,317,653 6,195,497
Accumulated deficit (445,977) (430,478)
Total stockholders' equity 5,874,687 5,767,705
Noncontrolling interests 353,262 322,566
Total equity 6,227,949 6,090,271
Total liabilities and equity $ 13,000,382 $ 13,150,845