CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash	$ 73,128	$ 57,916
Restricted cash	34,663	33,467
Accounts receivable
Oil and natural gas revenues	175,265	85,098
Joint interest billings	41,184	34,823
Other	31,905	17,212
Derivative instruments	3,157	6,727
Lease and well equipment inventory	12,137	10,584
Prepaid expenses and other current assets	25,189	15,802
Total current assets	396,628	261,629
Oil and natural gas properties, full-cost method
Evaluated	5,656,031	5,295,931
Unproved and unevaluated	918,885	902,133
Midstream properties	887,982	841,695
Other property and equipment	30,202	29,561
Less accumulated depletion, depreciation and amortization	(3,956,919)	(3,701,551)
Net property and equipment	3,536,181	3,367,769
Other assets
Derivative instruments	859	2,570
Deferred income taxes	13,878	342
Other long-term assets	37,947	54,970
Total assets	3,985,493	3,687,280
Current liabilities
Accounts payable	33,402	13,982
Accrued liabilities	175,634	119,158
Royalties payable	91,362	66,049
Amounts due to affiliates	27,415	4,934
Derivative instruments	114,153	45,186
Advances from joint interest owners	5,340	4,191
Other current liabilities	25,446	37,436
Total current liabilities	472,752	290,936
Long-term liabilities
Borrowings under Credit Agreement	120,000	440,000
Borrowings under San Mateo Credit Facility	357,500	334,000
Senior unsecured notes payable	1,042,184	1,040,998
Asset retirement obligations	40,101	37,919
Derivative instruments	2,930	0
Deferred income taxes	16,285	0
Other long-term liabilities	25,841	30,402
Total long-term liabilities	1,604,841	1,883,319
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 117,249,410 and 116,847,003 shares issued; and 117,103,248 and 116,844,768 shares outstanding, respectively	1,172	1,169
Additional paid-in capital	2,069,484	2,027,069
Accumulated deficit	(380,268)	(741,705)
Treasury stock, at cost, 146,162 and 2,235 shares, respectively	(2,381)	(3)
Total Matador Resources Company shareholders’ equity	1,688,007	1,286,530
Non-controlling interest in subsidiaries	219,893	226,495
Total shareholders’ equity	1,907,900	1,513,025
Total liabilities and shareholders’ equity	$ 3,985,493	$ 3,687,280