Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Detail

v3.22.1
Supplemental Balance Sheet Detail
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Balance Sheet Detail
Note 9 – Supplemental Balance Sheet Detail
The following table summarizes components of selected balance sheet accounts as of the dates presented:
  March 31, 2022 December 31, 2021
Prepaid and other current assets:    
Inventories 1
$ 13,025  $ 10,305 
Prepaid expenses 2
2,964  10,693 
  $ 15,989  $ 20,998 
Other assets:    
Deferred issuance costs of the Credit Facility, net of amortization $ 3,138  $ 3,308 
Right-of-use assets – operating leases 1,498  1,671 
Other —  38 
  $ 4,636  $ 5,017 
Accounts payable and accrued liabilities:    
Trade accounts payable $ 32,463  $ 32,452 
Drilling and other lease operating costs 47,103  35,045 
Revenue and royalties payable 110,493  95,521 
Production, ad valorem and other taxes 12,224  7,905 
Derivative settlements to counterparties 25,146  6,117 
Compensation and benefits 7,957  13,942 
Interest 5,003  15,321 
Environmental remediation liability 3
2,277  2,287 
Current operating lease obligations 891  914 
Other 2,632  4,877 
  $ 246,189  $ 214,381 
Other non-current liabilities:    
Asset retirement obligations $ 8,186  $ 8,413 
Non-current operating lease obligations 755  975 
Postretirement benefit plan obligations 959  970 
  $ 9,900  $ 10,358 
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1    Includes tubular inventory and well materials of $12.2 million and $9.5 million and crude oil volumes in storage of $0.8 million and $0.8 million as of March 31, 2022 and December 31, 2021, respectively.
2 The balances as of March 31, 2022 and December 31, 2021 include $0.6 million and $9.6 million, respectively, for the prepayment of drilling and completion materials and services.
3 The balance as of March 31, 2022 and December 31, 2021 represents estimated costs associated with remediation activities for certain wells and tanks acquired as part of the Lonestar Acquisition.