| OTHER SUPPLEMENTAL INFORMATION |
NOTE 16 — OTHER SUPPLEMENTAL INFORMATION
Consolidated Balance Sheet Details
Prepaid expenses and other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2024 |
|
2023 |
Derivatives |
|
$ |
868 |
|
$ |
1,180 |
Insurance/bond premiums |
|
|
6,988 |
|
|
6,631 |
Prepaid deposits related to royalties |
|
|
8,562 |
|
|
7,872 |
Prepayments to vendors |
|
|
1,586 |
|
|
1,492 |
Other |
|
|
500 |
|
|
272 |
Prepaid expenses and other current assets |
|
$ |
18,504 |
|
$ |
17,447 |
Oil and natural gas properties and other, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2024 |
|
2023 |
Oil and natural gas properties and related equipment |
|
$ |
9,090,928 |
|
$ |
8,919,403 |
Other property |
|
|
43,589 |
|
|
43,434 |
Total property and equipment |
|
|
9,134,517 |
|
|
8,962,837 |
Less: Accumulated depreciation, depletion, amortization and impairment |
|
|
(8,356,776) |
|
|
(8,213,781) |
Oil and natural gas properties and other, net |
|
$ |
777,741 |
|
$ |
749,056 |
Other assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2024 |
|
2023 |
Operating lease right-of-use assets |
|
$ |
10,045 |
|
$ |
10,515 |
Proportional consolidation of Monza |
|
|
13,038 |
|
|
11,694 |
Equity method investments |
|
|
2,295 |
|
|
2,182 |
Derivatives |
|
|
4,150 |
|
|
10,068 |
Other |
|
|
1,665 |
|
|
4,464 |
Total other assets |
|
$ |
31,193 |
|
$ |
38,923 |
Accrued liabilities consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2024 |
|
2023 |
Accrued interest |
|
$ |
13,472 |
|
$ |
13,479 |
Accrued salaries/payroll taxes/benefits |
|
|
11,623 |
|
|
9,473 |
Derivatives |
|
|
3,731 |
|
|
6,267 |
Operating lease liabilities |
|
|
1,522 |
|
|
1,455 |
Contingent P&A liability (1) |
|
|
1,751 |
|
|
— |
Other |
|
|
1,172 |
|
|
1,304 |
Total accrued liabilities |
|
$ |
33,271 |
|
$ |
31,978 |
| (2) |
See Note 6 — Commitments and Contingencies.
|
Consolidated Statement of Cash Flows Information
Supplemental cash flows and noncash transactions were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2024 |
|
2023 |
|
2022 |
Cash and cash equivalents |
|
$ |
109,003 |
|
$ |
173,338 |
|
$ |
461,357 |
Restricted cash |
|
|
1,552 |
|
|
4,417 |
|
|
4,417 |
Cash, cash equivalents and restricted cash |
|
|
110,555 |
|
|
177,755 |
|
|
465,774 |
|
|
|
|
|
|
|
|
|
|
Supplemental cash flows information: |
|
|
|
|
|
|
|
|
|
Cash paid for interest |
|
|
40,566 |
|
|
42,132 |
|
|
71,126 |
Refunds (received) cash paid for income taxes, net |
|
|
(2,021) |
|
|
2,392 |
|
|
8,198 |
|
|
|
|
|
|
|
|
|
|
Non-cash investing and financing activities: |
|
|
|
|
|
|
|
|
|
Accruals of property and equipment |
|
|
3,363 |
|
|
7,165 |
|
|
6,636 |
Dividends declared but not paid on unvested share-based awards |
|
|
116 |
|
|
— |
|
|
— |
ARO - acquisitions, additions and revisions, net |
|
|
57,335 |
|
|
37,337 |
|
|
91,652 |
|