| Schedule of Consolidation of Subsidiary Borrowers [Table Text Block] |
The following table presents the amounts recorded by W&T on the Condensed Consolidated Balance Sheets related to the consolidation of the Subsidiary Borrowers and the subsidiary that owns the equity of the Subsidiary Borrowers (in thousands):
|
|
|
|
|
|
|
|
|
September 30, 2022 |
|
December 31, 2021 |
Assets: |
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
54,219 |
|
$ |
38,937 |
Receivables: |
|
|
|
|
|
|
Oil and natural gas sales |
|
|
80,431 |
|
|
34,420 |
Joint interest, net |
|
|
(5,749) |
|
|
(10,856) |
Prepaid expenses and other assets |
|
|
614 |
|
|
356 |
Oil and natural gas properties and other, net |
|
|
280,444 |
|
|
272,747 |
Other assets |
|
|
(19,438) |
|
|
(19,903) |
Liabilities: |
|
|
|
|
|
|
Accounts payable |
|
|
49,859 |
|
|
29,678 |
Undistributed oil and natural gas proceeds |
|
|
22,077 |
|
|
3,144 |
Accrued liabilities |
|
|
89,431 |
|
|
29,937 |
Current portion of long-term debt |
|
|
35,450 |
|
|
42,960 |
Long-term debt, net |
|
|
116,504 |
|
|
140,353 |
Asset retirement obligations |
|
|
59,107 |
|
|
54,515 |
Other liabilities |
|
|
79,602 |
|
|
42,615 |
|
| Schedule of Subsidiary Borrowers and the subsidiary that owns the equity [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
The period from |
|
|
Nine Months Ended |
|
May 19, 2021 to |
|
|
September 30, 2022 |
|
September 30, 2021 |
Total revenues |
|
$ |
218,625 |
|
$ |
63,053 |
Total operating expenses |
|
|
52,961 |
|
|
26,644 |
Interest expense, net |
|
|
11,841 |
|
|
5,930 |
Derivative loss |
|
|
187,896 |
|
|
124,364 |
Other income |
|
|
64 |
|
|
— |
|