XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash $ 27,030 $ 96,505
Restricted cash 25,753 5,977
Accounts receivable    
Oil and natural gas revenues 68,655 65,962
Joint interest billings 62,294 67,225
Other 7,002 8,031
Derivative instruments 480 1,190
Lease and well equipment inventory 8,803 5,993
Prepaid expenses and other assets 6,961 6,287
Total current assets 206,978 257,170
Oil and natural gas properties, full-cost method    
Evaluated 3,187,112 3,004,770
Unproved and unevaluated 644,460 637,396
Midstream and other property and equipment 327,338 281,096
Less accumulated depletion, depreciation and amortization (2,097,176) (2,041,806)
Net property and equipment 2,061,734 1,881,456
Other assets 6,993 7,064
Total assets 2,275,705 2,145,690
Current liabilities    
Accounts payable 31,104 11,757
Accrued liabilities 191,233 174,348
Royalties payable 62,985 61,358
Amounts due to affiliates 3,248 10,302
Derivative instruments 4,891 16,429
Advances from joint interest owners 8,852 2,789
Amounts due to joint ventures 3,373 4,873
Other current liabilities 806 750
Total current liabilities 306,492 282,606
Long-term liabilities    
Senior unsecured notes payable 574,118 574,073
Asset retirement obligations 25,682 25,080
Amounts due to joint ventures 412 0
Other long-term liabilities 6,235 6,385
Total long-term liabilities 606,447 605,538
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 109,346,765 and 108,513,597 shares issued; and 109,261,912 and 108,510,160 shares outstanding, respectively 1,094 1,085
Additional paid-in capital 1,684,188 1,666,024
Accumulated deficit (450,590) (510,484)
Treasury stock, at cost, 84,853 and 3,437 shares, respectively (2,446) (69)
Total Matador Resources Company shareholders’ equity 1,232,246 1,156,556
Non-controlling interest in subsidiaries 130,520 100,990
Total shareholders’ equity 1,362,766 1,257,546
Total liabilities and shareholders’ equity $ 2,275,705 $ 2,145,690