| 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):
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March 31, 2023 |
|
December 31, 2022 |
Assets: |
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Cash and cash equivalents |
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$ |
17,958 |
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$ |
21,764 |
Receivables: |
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|
|
|
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Oil and natural gas sales |
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8,753 |
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|
37,344 |
Joint interest, net |
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(16,790) |
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(5,760) |
Prepaid expenses and other assets |
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|
745 |
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|
417 |
Oil and natural gas properties and other, net |
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289,139 |
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|
280,649 |
Other assets |
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|
9,755 |
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|
8,473 |
Liabilities: |
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|
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Accounts payable |
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9,734 |
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|
27,387 |
Undistributed oil and natural gas proceeds |
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|
2,714 |
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|
7,930 |
Accrued liabilities |
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|
14,768 |
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|
45,102 |
Current portion of long-term debt |
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|
30,800 |
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|
32,119 |
Long-term debt, net |
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|
103,402 |
|
|
111,188 |
Asset retirement obligations |
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|
62,845 |
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|
61,138 |
Other liabilities |
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30,031 |
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|
47,398 |
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| Schedule of Subsidiary Borrowers and the subsidiary that owns the equity [Table Text Block] |
The following table presents the amounts recorded by W&T in the Condensed Consolidated Statement of Operations related to the consolidation of the operations of the Subsidiary Borrowers and the subsidiary that owns the equity of the Subsidiary Borrowers (in thousands):
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Three Months Ended March 31, |
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2023 |
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2022 |
Total revenues |
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$ |
21,123 |
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$ |
47,515 |
Total operating expenses |
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|
20,047 |
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|
14,800 |
Interest expense, net |
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|
2,812 |
|
|
4,778 |
Derivative (gain) loss |
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(46,377) |
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|
96,158 |
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