Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS ??? UNAUDITED

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 20,344 $ 23,681
Accounts receivable, net of allowance for credit losses 147,823 118,594
Derivative assets 30,725 11,478
Prepaid and other current assets 13,049 20,998
Assets held for sale 1,186 11,400
Total current assets 213,127 186,151
Property and equipment, net 1,711,367 1,383,348
Derivative assets 6,176 2,092
Other assets 4,686 5,017
Total assets 1,935,356 1,576,608
Current liabilities    
Accounts payable and accrued liabilities 264,364 214,381
Derivative liabilities 75,327 50,372
Current portion of long-term debt 41 4,129
Total current liabilities 339,732 268,882
Deferred income taxes 4,957 2,793
Derivative liabilities 12,748 23,815
Other non-current liabilities 9,930 10,358
Long-term debt, net 603,457 601,252
Commitments and contingencies (Note 11)
Equity    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued as of September 30, 2022 and December 31, 2021 0 0
Paid-in capital 230,777 273,329
Retained earnings 215,475 49,583
Accumulated other comprehensive loss (111) (111)
Ranger Oil shareholders’ equity 446,337 323,532
Noncontrolling interest 518,195 345,976
Total equity 964,532 669,508
Total liabilities and equity 1,935,356 1,576,608
Common Class A    
Equity    
Common stock 194 729
Common Class B    
Equity    
Common stock $ 2 $ 2