Quarterly report pursuant to Section 13 or 15(d)

SUBSIDIARY BORROWERS (Tables)

v3.22.2
SUBSIDIARY BORROWERS (Tables)
6 Months Ended
Jun. 30, 2022
SUBSIDIARY BORROWERS  
Schedule of Consolidation of Subsidiary Borrowers [Table Text Block]

The following table presents the amounts recorded by W&T on the Condensed Consolidated Balance Sheet related to the consolidation of the Subsidiary Borrowers and the subsidiary that owns the equity of the Subsidiary Borrowers (in thousands):

June 30, 2022

December 31, 2021

Assets:

 

  

 

  

Cash and cash equivalents

$

34,117

$

38,937

Receivables:

 

  

 

  

Oil and natural gas sales

 

59,706

 

34,420

Joint interest, net

 

(6,413)

 

(10,856)

Prepaid expenses and other assets

 

102

 

356

Oil and natural gas properties and other, net

 

277,418

 

272,747

Other assets

 

(20,962)

 

(19,903)

Liabilities:

 

  

 

  

Accounts payable

38,535

29,678

Undistributed oil and natural gas proceeds

 

10,591

 

3,144

Accrued liabilities

 

73,633

 

29,937

Current portion of long-term debt

37,199

42,960

Long-term debt, net

 

123,150

 

140,353

Asset retirement obligations

 

57,532

 

54,515

Other liabilities

 

80,135

 

42,615

Schedule of Subsidiary Borrowers and the subsidiary that owns the equity [Table Text Block]

The period from

Six Months Ended

May 19, 2021 to

June 30, 2022

June 30, 2021

Total revenues

$

124,361

$

16,727

Total operating expenses

 

33,185

 

7,873

Interest expense, net

 

8,436

 

1,878

Derivative loss

 

132,046

 

42,889