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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash $ 53,623 $ 8,407
Restricted cash 1,022 609
Accounts receivable    
Oil and natural gas revenues 34,250 28,976
Joint interest billings 19,830 6,925
Other 6,609 9,091
Derivative instruments 23,846 55,549
Lease and well equipment inventory 2,021 1,212
Prepaid expenses 3,803 1,649
Total current assets 145,004 112,418
Oil and natural gas properties, full-cost method    
Evaluated 1,938,008 1,617,913
Unproved and unevaluated 394,880 264,419
Other property and equipment 80,078 43,472
Less accumulated depletion, depreciation and amortization (998,124) (603,732)
Net property and equipment 1,414,842 1,322,072
Other assets    
Other assets 451 0
Total assets 1,560,297 1,434,490
Current liabilities    
Accounts payable 14,443 17,526
Accrued liabilities 122,421 109,502
Royalties payable 19,092 14,461
Advances from joint interest owners 447 0
Amounts due to Joint Ventures 2,250 0
Deferred income taxes 8,115 19,751
Income taxes payable 0 444
Other current liabilities 155 103
Total current liabilities 166,923 161,787
Long-term liabilities    
Borrowings under Credit Agreement   338,199
Senior unsecured notes payable 390,667 0
Asset retirement obligations 13,105 11,640
Amounts due to Joint Ventures 4,500 0
Derivative instruments 387 0
Deferred income taxes 25,645 53,783
Other long-term liabilities 2,723 2,540
Total long-term liabilities $ 437,027 $ 406,162
Commitments and contingencies (Note 11)    
Shareholders’ equity    
Common stock - $0.01 par value, 120,000,000 and 80,000,000 shares authorized; 85,450,478 and 73,373,744 shares issued; and 85,360,085 and 73,342,777 shares outstanding, respectively $ 855 $ 734
Additional paid-in capital 1,021,117 724,819
Retained (deficit) earnings (66,469) 140,855
Total Matador Resources Company shareholders’ equity 955,503 866,408
Non-controlling interest in subsidiary 844 133
Total shareholders’ equity 956,347 866,541
Total liabilities and shareholders’ equity $ 1,560,297 $ 1,434,490