Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 34,450 $ 23,681
Accounts receivable, net of allowance for credit losses 201,357 118,594
Derivative assets 15,006 11,478
Prepaid and other current assets 13,501 20,998
Assets held for sale 11,400 11,400
Total current assets 275,714 186,151
Property and equipment, net (full cost method) 1,534,492 1,383,348
Derivative assets 5,597 2,092
Other assets 10,735 5,017
Total assets 1,826,538 1,576,608
Current liabilities    
Accounts payable and accrued liabilities 299,221 214,381
Derivative liabilities 144,541 50,372
Current portion of long-term debt 1,897 4,129
Total current liabilities 445,659 268,882
Deferred income taxes 2,937 2,793
Derivative liabilities 28,604 23,815
Other non-current liabilities 9,858 10,358
Long-term debt, net 565,329 601,252
Commitments and contingencies (Note 11)
Equity    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued as of June 30, 2022 and December 31, 2021 0 0
Paid-in capital 257,615 273,329
Retained earnings 110,782 49,583
Accumulated other comprehensive loss (111) (111)
Ranger Oil shareholders’ equity 368,493 323,532
Noncontrolling interest 405,658 345,976
Total equity 774,151 669,508
Total liabilities and equity 1,826,538 1,576,608
Common Class A    
Equity    
Common stock 205 729
Common Class B    
Equity    
Common stock $ 2 $ 2

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