BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Notes Tables |
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] |
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|
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September 30, 2022 |
|
December 31, 2021 |
Derivatives(1) (Note 8) |
|
$ |
28,747 |
|
$ |
21,086 |
Unamortized insurance/bond premiums |
|
|
7,475 |
|
|
5,400 |
Prepaid deposits related to royalties |
|
|
12,978 |
|
|
8,441 |
Prepayment to vendors |
|
|
1,213 |
|
|
4,522 |
Prepayments to joint interest partners |
|
|
1,953 |
|
|
2,808 |
Debt issue costs |
|
|
604 |
|
|
1,065 |
Other |
|
|
44 |
|
|
57 |
Prepaid expenses and other assets |
|
$ |
53,014 |
|
$ |
43,379 |
|
(1) |
Includes closed contracts which have not yet settled. |
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| Property, Plant and Equipment [Table Text Block] |
There were no amounts excluded from amortization as of the dates presented in the following table (in thousands):
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September 30, 2022 |
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December 31, 2021 |
Oil and natural gas properties and equipment |
|
$ |
8,780,961 |
|
$ |
8,636,408 |
Furniture, fixtures and other |
|
|
20,827 |
|
|
20,844 |
Total property and equipment |
|
|
8,801,788 |
|
|
8,657,252 |
Less: Accumulated depreciation, depletion, amortization and impairment |
|
|
(8,071,830) |
|
|
(7,992,000) |
Oil and natural gas properties and other, net |
|
$ |
729,958 |
|
$ |
665,252 |
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| Schedule of Other Assets, Noncurrent [Table Text Block] |
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|
|
|
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|
|
|
|
September 30, 2022 |
|
December 31, 2021 |
Right-of-Use assets |
|
$ |
10,443 |
|
$ |
10,602 |
Investment in White Cap, LLC |
|
|
3,193 |
|
|
2,533 |
Proportional consolidation of Monza (Note 6) |
|
|
15,409 |
|
|
2,511 |
Derivatives(1) (Note 8) |
|
|
35,656 |
|
|
34,435 |
Other |
|
|
980 |
|
|
1,091 |
Total other assets (long-term) |
|
$ |
65,681 |
|
$ |
51,172 |
|
(1) |
Includes open contracts. |
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| Schedule of Accrued Liabilities [Table Text Block] |
The major categories are presented in the following table (in thousands):
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|
|
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|
|
|
September 30, 2022 |
|
December 31, 2021 |
Accrued interest |
|
$ |
25,423 |
|
$ |
10,154 |
Accrued salaries/payroll taxes/benefits |
|
|
9,711 |
|
|
9,617 |
Litigation accruals |
|
|
524 |
|
|
646 |
Lease liability |
|
|
1,620 |
|
|
1,115 |
Derivatives(1) (Note 8) |
|
|
116,008 |
|
|
81,456 |
Other |
|
|
950 |
|
|
3,152 |
Total accrued liabilities |
|
$ |
154,236 |
|
$ |
106,140 |
|
(1) |
Includes closed contracts which have not yet settled. |
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| Other Noncurrent Liabilities [Table Text Block] |
The major categories are presented in the following table (in thousands):
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|
|
|
|
|
|
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September 30, 2022 |
|
December 31, 2021 |
Dispute related to royalty deductions |
|
$ |
7,564 |
|
$ |
5,177 |
Derivatives (Note 8) |
|
|
75,079 |
|
|
37,989 |
Lease liability |
|
|
10,812 |
|
|
11,227 |
Other |
|
|
1,386 |
|
|
996 |
Total other liabilities (long-term) |
|
$ |
94,841 |
|
$ |
55,389 |
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