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Condensed Consolidated Balance Sheets - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash $ 20,758 $ 64,545
Restricted cash 25,954 19,439
Accounts receivable    
Oil and natural gas revenues 74,699 68,161
Joint interest billings 56,632 61,831
Other 19,344 16,159
Derivative instruments 4,795 49,929
Lease and well equipment inventory 18,779 17,564
Prepaid expenses and other assets 8,993 8,057
Total current assets 229,954 305,685
Oil and natural gas properties, full-cost method    
Evaluated 3,943,423 3,780,236
Unproved and unevaluated 1,235,264 1,199,511
Midstream properties 457,456 428,025
Other property and equipment 24,848 22,041
Less accumulated depletion, depreciation and amortization (2,383,815) (2,306,949)
Net property and equipment 3,277,176 3,122,864
Other assets    
Deferred income taxes 18,065 20,457
Other assets 58,103 6,512
Total other assets 76,168 26,969
Total assets 3,583,298 3,455,518
Current liabilities    
Accounts payable 48,068 66,970
Accrued liabilities 173,113 170,855
Royalties payable 57,276 64,776
Amounts due to affiliates 4,413 13,052
Derivative instruments 161 0
Advances from joint interest owners 4,672 10,968
Amounts due to joint ventures 2,433 2,373
Other current liabilities 38,287 1,028
Total current liabilities 328,423 330,022
Long-term liabilities    
Borrowings under Credit Agreement 140,000 40,000
Borrowings under San Mateo Credit Facility 220,000 220,000
Senior unsecured notes payable 1,038,229 1,037,837
Asset retirement obligations 30,290 29,736
Derivative instruments 507 83
Deferred income taxes 12,903 13,221
Other long-term liabilities 21,417 4,962
Total long-term liabilities 1,463,346 1,345,839
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 116,593,623 and 116,374,503 shares issued; and 116,388,175 and 116,353,590 shares outstanding, respectively 1,166 1,164
Additional paid-in capital 1,946,466 1,924,408
Accumulated deficit (253,224) (236,277)
Treasury stock, at cost, 205,448 and 20,913 shares, respectively (3,585) (415)
Total Matador Resources Company shareholders’ equity 1,690,823 1,688,880
Non-controlling interest in subsidiaries 100,706 90,777
Total shareholders’ equity 1,791,529 1,779,657
Total liabilities and shareholders’ equity $ 3,583,298 $ 3,455,518