CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash	$ 230,394	$ 48,135
Restricted cash	51,889	38,785
Accounts receivable
Oil and natural gas revenues	328,758	164,242
Joint interest billings	102,646	48,366
Other	26,965	28,808
Derivative instruments	3,861	1,971
Lease and well equipment inventory	13,179	12,188
Prepaid expenses and other current assets	43,235	28,810
Total current assets	800,927	371,305
Oil and natural gas properties, full-cost method
Evaluated	6,352,486	6,007,325
Unproved and unevaluated	971,185	964,714
Midstream properties	1,011,017	900,979
Other property and equipment	30,871	30,123
Less accumulated depletion, depreciation and amortization	(4,261,984)	(4,046,456)
Net property and equipment	4,103,575	3,856,685
Other assets
Other long-term assets	59,374	34,163
Total assets	4,963,876	4,262,153
Current liabilities
Accounts payable	39,526	26,256
Accrued liabilities	226,306	253,283
Royalties payable	150,898	94,359
Amounts due to affiliates	15,476	27,324
Derivative instruments	63,338	16,849
Advances from joint interest owners	18,931	18,074
Income taxes payable	38,170	0
Other current liabilities	56,494	28,692
Total current liabilities	609,139	464,837
Long-term liabilities
Borrowings under Credit Agreement	0	100,000
Borrowings under San Mateo Credit Facility	420,000	385,000
Senior unsecured notes payable	900,261	1,042,580
Asset retirement obligations	38,392	41,689
Deferred income taxes	235,534	77,938
Other long-term liabilities	18,499	22,721
Total long-term liabilities	1,612,686	1,669,928
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 118,201,399 and 117,861,923 shares issued; and 118,130,068 and 117,850,233 shares outstanding, respectively	1,182	1,179
Additional paid-in capital	2,090,564	2,077,592
Retained earnings (accumulated deficit)	439,780	(171,318)
Treasury stock, at cost, 71,331 and 11,945 shares, respectively	(2,356)	(243)
Total Matador Resources Company shareholders’ equity	2,529,170	1,907,210
Non-controlling interest in subsidiaries	212,881	220,178
Total shareholders’ equity	2,742,051	2,127,388
Total liabilities and shareholders’ equity	$ 4,963,876	$ 4,262,153