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Condensed Consolidated Balance Sheets - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash $ 59,950 $ 64,545
Restricted cash 24,812 19,439
Accounts receivable    
Oil and natural gas revenues 66,921 68,161
Joint interest billings 61,872 61,831
Other 18,386 16,159
Derivative instruments 8,271 49,929
Lease and well equipment inventory 20,281 17,564
Prepaid expenses and other assets 12,891 8,057
Total current assets 273,384 305,685
Oil and natural gas properties, full-cost method    
Evaluated 4,094,417 3,780,236
Unproved and unevaluated 1,234,176 1,199,511
Midstream properties 492,420 428,025
Other property and equipment 25,170 22,041
Less accumulated depletion, depreciation and amortization (2,462,840) (2,306,949)
Net property and equipment 3,383,343 3,122,864
Other assets    
Derivative instruments 2,202 0
Deferred income taxes 7,149 20,457
Other assets 85,373 6,512
Total other assets 94,724 26,969
Total assets 3,751,451 3,455,518
Current liabilities    
Accounts payable 19,821 66,970
Accrued liabilities 191,608 170,855
Royalties payable 66,130 64,776
Amounts due to affiliates 10,200 13,052
Advances from joint interest owners 4,725 10,968
Amounts due to joint ventures 1,588 2,373
Other current liabilities 42,703 1,028
Total current liabilities 336,775 330,022
Long-term liabilities    
Borrowings under Credit Agreement 205,000 40,000
Borrowings under San Mateo Credit Facility 240,000 220,000
Senior unsecured notes payable 1,038,625 1,037,837
Asset retirement obligations 30,686 29,736
Derivative instruments 189 83
Deferred income taxes 14,845 13,221
Other long-term liabilities 44,728 4,962
Total long-term liabilities 1,574,073 1,345,839
Commitments and contingencies
Shareholders’ equity    
Common stock - $0.01 par value, 160,000,000 shares authorized; 116,866,013 and 116,374,503 shares issued; and 116,647,704 and 116,353,590 shares outstanding, respectively 1,169 1,164
Additional paid-in capital 1,955,504 1,924,408
Accumulated deficit (216,472) (236,277)
Treasury stock, at cost, 218,309 and 20,913 shares, respectively (3,724) (415)
Total Matador Resources Company shareholders’ equity 1,736,477 1,688,880
Non-controlling interest in subsidiaries 104,126 90,777
Total shareholders’ equity 1,840,603 1,779,657
Total liabilities and shareholders’ equity $ 3,751,451 $ 3,455,518