BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
|---|
| Notes Tables |
|
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] |
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2023 |
|
2022 |
Derivatives (1) |
|
$ |
1,294 |
|
$ |
4,954 |
Insurance/bond premiums |
|
|
8,955 |
|
|
6,046 |
Deposit related to acquisition (Note 14) |
|
|
8,850 |
|
|
— |
Prepaid deposits related to royalties |
|
|
7,322 |
|
|
9,139 |
Prepayments to vendors |
|
|
1,520 |
|
|
1,767 |
Prepayments to joint interest partners |
|
|
2,242 |
|
|
1,717 |
Current portion of debt issuance costs |
|
|
213 |
|
|
687 |
Other |
|
|
80 |
|
|
33 |
Prepaid expenses and other current assets |
|
$ |
30,476 |
|
$ |
24,343 |
(1) |
Includes closed contracts which have not yet settled. |
|
| Property, Plant and Equipment [Table Text Block] |
Oil and natural gas properties and other, net consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2023 |
|
2022 |
Oil and natural gas properties and equipment |
|
$ |
8,908,490 |
|
$ |
8,813,404 |
Furniture, fixtures and other |
|
|
43,087 |
|
|
20,915 |
Total property and equipment |
|
|
8,951,577 |
|
|
8,834,319 |
Less: Accumulated depreciation, depletion, amortization and impairment |
|
|
(8,180,123) |
|
|
(8,099,104) |
Oil and natural gas properties and other, net |
|
$ |
771,454 |
|
$ |
735,215 |
|
| Schedule of Other Assets, Noncurrent [Table Text Block] |
Other assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2023 |
|
2022 |
Operating lease right-of-use assets |
|
$ |
10,623 |
|
$ |
10,364 |
Investment in White Cap, LLC |
|
|
2,924 |
|
|
2,453 |
Proportional consolidation of Monza |
|
|
10,805 |
|
|
9,321 |
Derivatives (1) |
|
|
14,372 |
|
|
23,236 |
Other |
|
|
1,662 |
|
|
2,175 |
Total other assets |
|
$ |
40,386 |
|
$ |
47,549 |
(1) |
Includes open contracts. |
|
| Schedule of Accrued Liabilities [Table Text Block] |
Accrued liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2023 |
|
2022 |
Accrued interest |
|
$ |
5,430 |
|
$ |
8,967 |
Accrued salaries/payroll taxes/benefits |
|
|
9,065 |
|
|
15,097 |
Litigation accruals |
|
|
56 |
|
|
396 |
Operating lease liabilities |
|
|
871 |
|
|
1,628 |
Derivatives (1) |
|
|
17,659 |
|
|
46,595 |
Other |
|
|
1,183 |
|
|
1,358 |
Total accrued liabilities |
|
$ |
34,264 |
|
$ |
74,041 |
(1) |
Includes closed contracts which have not yet settled. |
|
| Other Noncurrent Liabilities [Table Text Block] |
Other liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2023 |
|
2022 |
Dispute related to royalty deductions |
|
$ |
5,250 |
|
$ |
4,937 |
Derivatives |
|
|
11,790 |
|
|
43,061 |
Operating lease liabilities |
|
|
11,700 |
|
|
10,527 |
Other |
|
|
708 |
|
|
609 |
Total other liabilities |
|
$ |
29,448 |
|
$ |
59,134 |
|