Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

June 30, 2023

    

December 31, 2022

Derivatives(1) (Note 4)

$

1,778

$

4,954

Unamortized insurance/bond premiums

 

8,303

 

6,046

Prepaid deposits related to royalties

 

6,822

 

9,139

Prepayments to vendors

 

1,628

 

1,767

Prepayments to joint interest partners

2,319

1,717

Debt issue costs

427

687

Other

 

88

 

33

Prepaid expenses and other assets

$

21,365

$

24,343

(1)

Includes closed contracts which have not yet settled.

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):

June 30, 2023

    

December 31, 2022

Oil and natural gas properties and equipment

$

8,847,421

$

8,813,404

Furniture, fixtures and other

 

40,224

 

20,915

Total property and equipment

 

8,887,645

 

8,834,319

Less: Accumulated depreciation, depletion, amortization and impairment

 

(8,149,905)

 

(8,099,104)

Oil and natural gas properties and other, net

$

737,740

$

735,215

Schedule of Other Assets, Noncurrent [Table Text Block] The major categories are presented in the following table (in thousands):

June 30, 2023

    

December 31, 2022

Right-of-Use assets

$

10,728

$

10,364

Investment in White Cap, LLC

 

2,721

 

2,453

Proportional consolidation of Monza (Note 6)

 

9,909

 

9,321

Derivatives(1) (Note 4)

 

17,184

 

23,236

Other

 

1,576

 

2,175

Total other assets (long-term)

$

42,118

$

47,549

(1)

Includes open contracts.

Schedule of Accrued Liabilities [Table Text Block] The major categories are presented in the following table (in thousands):

June 30, 2023

    

December 31, 2022

Accrued interest

$

13,848

$

8,967

Accrued salaries/payroll taxes/benefits

 

4,808

 

15,097

Litigation accruals

 

56

 

396

Lease liability

 

1,045

 

1,628

Derivatives(1) (Note 4)

 

18,518

 

46,595

Other

 

1,048

 

1,358

Total accrued liabilities

$

39,323

$

74,041

(1)

Includes closed contracts which have not yet settled.

Other Noncurrent Liabilities [Table Text Block] The major categories are presented in the following table (in thousands):

June 30, 2023

    

December 31, 2022

Dispute related to royalty deductions

$

5,250

$

4,937

Derivatives (Note 4)

 

17,417

 

43,061

Lease liability

 

11,709

 

10,527

Other

 

665

 

609

Total other liabilities (long-term)

$

35,041

$

59,134