v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Accounts receivable $ 23,552 $ 42,619
Accrued revenue 362,451 400,805
Derivative instruments 2,440 5,175
Prepaid expenses 9,789 12,901
Other current assets 10,758 14,192
Total current assets 408,990 475,692
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 963,023 974,642
Proved properties 14,179,028 13,908,804
Gathering systems and facilities 5,802 5,802
Other property and equipment 106,684 98,668
Property and equipment, gross 15,254,537 14,987,916
Less accumulated depletion, depreciation and amortization (5,296,438) (5,063,274)
Property and equipment, net 9,958,099 9,924,642
Operating leases right-of-use assets 2,797,447 2,965,880
Derivative instruments 3,176 5,570
Investment in unconsolidated affiliate 223,552 222,255
Other assets 24,579 25,375
Total assets 13,415,843 13,619,414
Current liabilities:    
Accrued liabilities 365,347 381,340
Revenue distributions payable 329,375 361,782
Derivative instruments 22,756 15,236
Short-term lease liabilities 525,636 540,060
Deferred revenue, VPP 26,153 27,101
Other current liabilities 1,061 1,295
Total current liabilities 1,406,012 1,452,091
Long-term liabilities:    
Long-term debt 1,591,208 1,537,596
Deferred income tax liability, net 830,826 834,268
Derivative instruments 23,516 32,764
Long-term lease liabilities 2,268,031 2,428,450
Deferred revenue, VPP 48,184 60,712
Other liabilities 56,107 59,431
Total liabilities 6,223,884 6,405,312
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; 303,544 and 310,988 shares issued and outstanding as of December 31, 2023 and June 30, 2024, respectively 3,110 3,035
Additional paid-in capital 5,879,390 5,846,541
Retained earnings 1,102,510 1,131,828
Total stockholders' equity 6,985,010 6,981,404
Noncontrolling interests 206,949 232,698
Total equity 7,191,959 7,214,102
Total liabilities and equity 13,415,843 13,619,414
Affiliated Entity    
Current liabilities:    
Accounts payable 97,455 86,284
Nonrelated Party    
Current liabilities:    
Accounts payable $ 38,229 $ 38,993

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