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