| Schedule of Consolidation of Subsidiary Borrowers [Table Text Block] |
The following table presents the amounts recorded by W&T on the Condensed Consolidated Balance Sheet related to the consolidation of the Subsidiary Borrowers and the subsidiary that owns the equity of the Subsidiary Borrowers (in thousands):
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June 30, 2022 |
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December 31, 2021 |
Assets: |
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Cash and cash equivalents |
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$ |
34,117 |
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$ |
38,937 |
Receivables: |
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Oil and natural gas sales |
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59,706 |
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34,420 |
Joint interest, net |
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(6,413) |
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(10,856) |
Prepaid expenses and other assets |
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|
102 |
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|
356 |
Oil and natural gas properties and other, net |
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277,418 |
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272,747 |
Other assets |
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(20,962) |
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(19,903) |
Liabilities: |
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Accounts payable |
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38,535 |
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29,678 |
Undistributed oil and natural gas proceeds |
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10,591 |
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|
3,144 |
Accrued liabilities |
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73,633 |
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29,937 |
Current portion of long-term debt |
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37,199 |
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|
42,960 |
Long-term debt, net |
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123,150 |
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|
140,353 |
Asset retirement obligations |
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57,532 |
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|
54,515 |
Other liabilities |
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80,135 |
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42,615 |
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| Schedule of Subsidiary Borrowers and the subsidiary that owns the equity [Table Text Block] |
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The period from |
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Six Months Ended |
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May 19, 2021 to |
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June 30, 2022 |
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June 30, 2021 |
Total revenues |
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$ |
124,361 |
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$ |
16,727 |
Total operating expenses |
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33,185 |
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|
7,873 |
Interest expense, net |
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8,436 |
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1,878 |
Derivative loss |
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132,046 |
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42,889 |
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