v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Accounts receivable $ 34,413 $ 42,619
Accrued revenue 453,613 400,805
Derivative instruments 1,050 5,175
Prepaid expenses 12,423 12,901
Other current assets 6,047 14,192
Total current assets 507,546 475,692
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 879,483 974,642
Proved properties 14,395,680 13,908,804
Gathering systems and facilities 5,802 5,802
Other property and equipment 105,871 98,668
Property and equipment, gross 15,386,836 14,987,916
Less accumulated depletion, depreciation and amortization (5,699,286) (5,165,449)
Property and equipment, net 9,687,550 9,822,467
Operating leases right-of-use assets 2,549,398 2,965,880
Derivative instruments 1,296 5,570
Investment in unconsolidated affiliate 231,048 222,255
Other assets 33,212 25,375
Total assets 13,010,050 13,517,239
Current liabilities:    
Accrued liabilities 402,591 381,340
Revenue distributions payable 315,932 361,782
Derivative instruments 31,792 15,236
Short-term lease liabilities 493,894 540,060
Deferred revenue, VPP 25,264 27,101
Other current liabilities 3,175 1,295
Total current liabilities 1,445,927 1,452,091
Long-term liabilities:    
Long-term debt 1,489,230 1,537,596
Deferred income tax liability, net 693,341 811,981
Derivative instruments 17,233 32,764
Long-term lease liabilities 2,050,337 2,428,450
Deferred revenue, VPP 35,448 60,712
Other liabilities 62,001 59,431
Total liabilities 5,793,517 6,383,025
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 311,165 shares issued and outstanding as of December 31, 2023 and December 31, 2024, respectively 3,111 3,035
Additional paid-in capital 5,909,373 5,846,541
Retained earnings 1,109,166 1,051,940
Total stockholders' equity 7,021,650 6,901,516
Noncontrolling interests 194,883 232,698
Total equity 7,216,533 7,134,214
Total liabilities and equity 13,010,050 13,517,239
Affiliated Entity    
Current liabilities:    
Accounts payable 111,066 86,284
Nonrelated Party    
Current liabilities:    
Accounts payable $ 62,213 $ 38,993

Source

HTML PDF
ZIP