Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 6,358 $ 23,681
Accounts receivable, net of allowance for credit losses 154,179 118,594
Derivative assets 9,631 11,478
Prepaid and other current assets 15,989 20,998
Assets held for sale 11,400 11,400
Total current assets 197,557 186,151
Property and equipment, net (full cost method) 1,417,715 1,383,348
Derivative assets 2,912 2,092
Other assets 4,636 5,017
Total assets 1,622,820 1,576,608
Current liabilities    
Accounts payable and accrued liabilities 246,189 214,381
Derivative liabilities 149,008 50,372
Current portion of long-term debt 1,925 4,129
Total current liabilities 397,122 268,882
Deferred income taxes 2,073 2,793
Derivative liabilities 42,620 23,815
Other non-current liabilities 9,900 10,358
Long-term debt, net 521,780 601,252
Commitments and contingencies (Note 11)
Equity    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued as of March 31, 2022 and December 31, 2021 0 0
Paid-in capital 273,807 273,329
Retained earnings 39,598 49,583
Accumulated other comprehensive loss (111) (111)
Ranger Oil shareholders’ equity 314,025 323,532
Noncontrolling interest 335,300 345,976
Total equity 649,325 669,508
Total liabilities and equity 1,622,820 1,576,608
Common Class A    
Equity    
Common stock 729 729
Common Class B    
Equity    
Common stock $ 2 $ 2

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