v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Accounts receivable $ 26,156 $ 42,619
Accrued revenue 319,177 400,805
Derivative instruments 4,706 5,175
Prepaid expenses 7,042 12,901
Other current assets 11,565 14,192
Total current assets 368,646 475,692
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 960,116 974,642
Proved properties 14,309,543 13,908,804
Gathering systems and facilities 5,802 5,802
Other property and equipment 105,317 98,668
Property and equipment, gross 15,380,778 14,987,916
Less accumulated depletion, depreciation and amortization (5,447,104) (5,063,274)
Property and equipment, net 9,933,674 9,924,642
Operating leases right-of-use assets 2,658,288 2,965,880
Derivative instruments 2,507 5,570
Investment in unconsolidated affiliate 226,860 222,255
Other assets 33,643 25,375
Total assets 13,223,618 13,619,414
Current liabilities:    
Accrued liabilities 316,059 381,340
Revenue distributions payable 328,353 361,782
Derivative instruments 15,989 15,236
Short-term lease liabilities 505,652 540,060
Deferred revenue, VPP 25,709 27,101
Other current liabilities 2,377 1,295
Total current liabilities 1,323,955 1,452,091
Long-term liabilities:    
Long-term debt 1,622,316 1,537,596
Deferred income tax liability, net 831,972 834,268
Derivative instruments 17,780 32,764
Long-term lease liabilities 2,148,608 2,428,450
Deferred revenue, VPP 41,816 60,712
Other liabilities 55,839 59,431
Total liabilities 6,042,286 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 311,031 shares issued and outstanding as of December 31, 2023 and September 30, 2024, respectively 3,110 3,035
Additional paid-in capital 5,894,786 5,846,541
Retained earnings 1,082,066 1,131,828
Total stockholders' equity 6,979,962 6,981,404
Noncontrolling interests 201,370 232,698
Total equity 7,181,332 7,214,102
Total liabilities and equity 13,223,618 13,619,414
Affiliated Entity    
Current liabilities:    
Accounts payable 92,720 86,284
Nonrelated Party    
Current liabilities:    
Accounts payable $ 37,096 $ 38,993

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