Schedule of Consolidation of Subsidiary Borrowers [Table Text Block] |
The following table presents the amounts recorded by W&T on the Condensed Consolidated Balance Sheets related to the consolidation of the Subsidiary Borrowers and the subsidiary that owns the equity of the Subsidiary Borrowers (in thousands): | | | | | | | | | September 30, 2022 | | December 31, 2021 | Assets: | | | | | | | Cash and cash equivalents | | $ | 54,219 | | $ | 38,937 | Receivables: | | | | | | | Oil and natural gas sales | | | 80,431 | | | 34,420 | Joint interest, net | | | (5,749) | | | (10,856) | Prepaid expenses and other assets | | | 614 | | | 356 | Oil and natural gas properties and other, net | | | 280,444 | | | 272,747 | Other assets | | | (19,438) | | | (19,903) | Liabilities: | | | | | | | Accounts payable | | | 49,859 | | | 29,678 | Undistributed oil and natural gas proceeds | | | 22,077 | | | 3,144 | Accrued liabilities | | | 89,431 | | | 29,937 | Current portion of long-term debt | | | 35,450 | | | 42,960 | Long-term debt, net | | | 116,504 | | | 140,353 | Asset retirement obligations | | | 59,107 | | | 54,515 | Other liabilities | | | 79,602 | | | 42,615 |
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Schedule of Subsidiary Borrowers and the subsidiary that owns the equity [Table Text Block] |
| | | | | | | | | | | | The period from | | | Nine Months Ended | | May 19, 2021 to | | | September 30, 2022 | | September 30, 2021 | Total revenues | | $ | 218,625 | | $ | 63,053 | Total operating expenses | | | 52,961 | | | 26,644 | Interest expense, net | | | 11,841 | | | 5,930 | Derivative loss | | | 187,896 | | | 124,364 | Other income | | | 64 | | | — |
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