CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash	$ 44,632	$ 57,916
Restricted cash	34,576	33,467
Accounts receivable
Oil and natural gas revenues	154,077	85,098
Joint interest billings	42,130	34,823
Other	19,826	17,212
Derivative instruments	6,171	6,727
Lease and well equipment inventory	11,657	10,584
Prepaid expenses and other current assets	20,559	15,802
Total current assets	333,628	261,629
Oil and natural gas properties, full-cost method
Evaluated	5,514,224	5,295,931
Unproved and unevaluated	926,492	902,133
Midstream properties	859,189	841,695
Other property and equipment	29,983	29,561
Less accumulated depletion, depreciation and amortization	(3,867,858)	(3,701,551)
Net property and equipment	3,462,030	3,367,769
Other assets
Derivative instruments	2,424	2,570
Other long-term assets	36,467	55,312
Total assets	3,834,549	3,687,280
Current liabilities
Accounts payable	13,573	13,982
Accrued liabilities	151,051	119,158
Royalties payable	82,256	66,049
Amounts due to affiliates	15,823	4,934
Derivative instruments	127,687	45,186
Advances from joint interest owners	6,208	4,191
Other current liabilities	25,982	37,436
Total current liabilities	422,580	290,936
Long-term liabilities
Borrowings under Credit Agreement	240,000	440,000
Borrowings under San Mateo Credit Facility	352,500	334,000
Senior unsecured notes payable	1,041,789	1,040,998
Asset retirement obligations	39,737	37,919
Derivative instruments	3,024	0
Deferred income taxes	7,847	0
Other long-term liabilities	24,946	30,402
Total long-term liabilities	1,709,843	1,883,319
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 117,123,379 and 116,847,003 shares issued; and 116,992,831 and 116,844,768 shares outstanding, respectively	1,171	1,169
Additional paid-in capital	2,061,815	2,027,069
Accumulated deficit	(580,981)	(741,705)
Treasury stock, at cost, 130,548 and 2,235 shares, respectively	(2,243)	(3)
Total Matador Resources Company shareholders’ equity	1,479,762	1,286,530
Non-controlling interest in subsidiaries	222,364	226,495
Total shareholders’ equity	1,702,126	1,513,025
Total liabilities and shareholders’ equity	$ 3,834,549	$ 3,687,280