Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash	$ 41,813	$ 40,024
Restricted cash	26,090	25,104
Accounts receivable
Oil and natural gas revenues	67,609	95,228
Joint interest billings	52,314	67,546
Other	18,156	26,639
Derivative instruments	5,609	0
Lease and well equipment inventory	11,813	10,744
Prepaid expenses and other current assets	13,820	13,207
Total current assets	237,224	278,492
Oil and natural gas properties, full-cost method
Evaluated	5,217,471	4,557,265
Unproved and unevaluated	910,156	1,126,992
Midstream properties	828,034	643,903
Other property and equipment	29,071	27,021
Less accumulated depletion, depreciation and amortization	(3,502,223)	(2,655,586)
Net property and equipment	3,482,509	3,699,595
Other assets
Derivative instruments	3,630	0
Deferred income taxes	804	0
Other long-term assets	62,063	91,589
Total assets	3,786,230	4,069,676
Current liabilities
Accounts payable	18,662	25,230
Accrued liabilities	132,853	200,695
Royalties payable	68,323	85,193
Amounts due to affiliates	1,971	19,606
Derivative instruments	17,128	1,897
Advances from joint interest owners	7,713	14,837
Amounts due to joint ventures	0	486
Other current liabilities	39,709	51,828
Total current liabilities	286,359	399,772
Long-term liabilities
Borrowings under Credit Agreement	475,000	255,000
Borrowings under San Mateo Credit Facility	326,400	288,000
Senior unsecured notes payable	1,040,602	1,039,416
Asset retirement obligations	37,222	35,592
Derivative instruments	5,263	1,984
Deferred income taxes	2,698	37,329
Other long-term liabilities	35,057	43,131
Total long-term liabilities	1,922,242	1,700,452
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 116,984,290 and 116,644,246 shares issued; and 116,836,003 and 116,642,899 shares outstanding, respectively	1,170	1,166
Additional paid-in capital	2,024,526	1,981,014
Accumulated deficit	(652,251)	(148,500)
Treasury stock, at cost, 148,287 and 1,347 shares, respectively	(1,512)	(26)
Total Matador Resources Company shareholders’ equity	1,371,933	1,833,654
Non-controlling interest in subsidiaries	205,696	135,798
Total shareholders’ equity	1,577,629	1,969,452
Total liabilities and shareholders’ equity	$ 3,786,230	$ 4,069,676