Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Detail (Tables)

v3.23.1
Supplemental Balance Sheet Detail (Tables)
 3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Selected Balance Sheet Accounts
The following table summarizes components of selected balance sheet accounts as of the dates presented:
  March 31, 2023 December 31, 2022
Prepaid and other current assets:    
Inventories 1
$ 16,305  $ 19,341 
Prepaid expenses 2
2,155  2,923 
  $ 18,460  $ 22,264 
Other assets:    
Deferred issuance costs of the Credit Facility, net of amortization $ 2,926  $ 3,218 
Right-of-use assets – operating leases 3
14,197  989 
Other 155  213 
  $ 17,278  $ 4,420 
Accounts payable and accrued liabilities:    
Trade accounts payable $ 50,366  $ 58,592 
Drilling and other lease operating costs 50,318  62,842 
Revenue and royalties payable 101,418  104,512 
Production, ad valorem and other taxes 11,764  10,547 
Derivative settlements to counterparties 3,074  4,109 
Compensation and benefits 3,197  6,927 
Interest 5,432  14,655 
Current operating lease obligations 3
11,043  907 
Other 3,180  2,518 
  $ 239,792  $ 265,609 
Other non-current liabilities:    
Asset retirement obligations $ 8,960  $ 8,849 
Non-current operating lease obligations 3
3,373  200 
Postretirement benefit plan obligations 798  885 
  $ 13,131  $ 9,934 
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1    Includes tubular inventory and well materials of $15.7 million and $18.7 million as of March 31, 2023 and December 31, 2022, respectively, and crude oil volumes in storage of $0.6 million as of both March 31, 2023 and December 31, 2022.
2 The balances as of March 31, 2023 and December 31, 2022 include $0.5 million in each period for the prepayment of drilling and completion materials and services.
3 The balances as of March 31, 2023 primarily relate to an amended drilling rig lease contract.