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Condensed Consolidated Balance Sheets - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash $ 45,942 $ 96,505
Restricted cash 7,066 5,977
Accounts receivable    
Oil and natural gas revenues 81,422 65,962
Joint interest billings 55,390 67,225
Other 10,060 8,031
Derivative instruments 4 1,190
Lease and well equipment inventory 18,758 5,993
Prepaid expenses and other assets 6,790 6,287
Total current assets 225,432 257,170
Oil and natural gas properties, full-cost method    
Evaluated 3,506,479 3,004,770
Unproved and unevaluated 1,241,529 637,396
Midstream and other property and equipment 408,436 281,096
Less accumulated depletion, depreciation and amortization (2,234,470) (2,041,806)
Net property and equipment 2,921,974 1,881,456
Other assets 6,796 7,064
Total assets 3,154,202 2,145,690
Current liabilities    
Accounts payable 32,491 11,757
Accrued liabilities 178,830 174,348
Royalties payable 67,023 61,358
Amounts due to affiliates 12,998 10,302
Derivative instruments 19,740 16,429
Advances from joint interest owners 12,354 2,789
Amounts due to joint ventures 2,373 4,873
Other current liabilities 942 750
Total current liabilities 326,751 282,606
Long-term liabilities    
Borrowings under Credit Agreement 325,000 0
Senior unsecured notes payable 740,063 574,073
Asset retirement obligations 28,706 25,080
Amounts due to joint ventures 4,996 0
Other long-term liabilities 6,243 6,385
Total long-term liabilities 1,105,008 605,538
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 116,506,743 and 108,513,597 shares issued; and 116,348,548 and 108,510,160 shares outstanding, respectively 1,165 1,085
Additional paid-in capital 1,923,030 1,666,024
Accumulated deficit (372,990) (510,484)
Treasury stock, at cost, 158,195 and 3,437 shares, respectively (4,039) (69)
Total Matador Resources Company shareholders’ equity 1,547,166 1,156,556
Non-controlling interest in subsidiaries 175,277 100,990
Total shareholders’ equity 1,722,443 1,257,546
Total liabilities and shareholders’ equity $ 3,154,202 $ 2,145,690